GREEN NEW DEAL = BLIZZARD OF LIES

[TailingsPond + 877]

4 hours ago, Ecocharger said:

 

The shutdown is entirely due to the windfall tax of the UK government. 

 

That is an example of regulations and taxation working.

Just wait a bunch of Californian regulations will soon effect you too!

Edited November 11 by TailingsPond

[TailingsPond + 877]

Oil company switching to mining for EV metals.

https://oilprice.com/Metals/Commodities/Worlds-Largest-Oil-Traders-Seeks-Foray-into-Metals.html

UAE divesting from oil.

https://oilprice.com/Energy/Crude-Oil/UAE-Invests-Billions-in-AI-to-Diversify-Economy-Beyond-Oil.html

Still weaker demand.

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Decline-As-Hurricane-Risk-Fades-China-Demand-Weakens.html

Trump won't succeed at drill baby drill.

https://oilprice.com/Energy/Crude-Oil/Standard-Chartered-American-Oil-Output-Wont-Surge-Under-Trump.html

[specinho + 467]

8 hours ago, TailingsPond said:

Philosophers long ago questioned if man always has a choice.  The answer is you always have some form of choice, just sometimes the options are not pleasant.

Imagine a king orders you to do something horrible or be imprisoned or killed. Some would claim the person has no choice but to obey the king but that is not true. They could choose imprisonment or death.  

What I did for a living is not relevant here. 

That is not what you meant? Check out what you wrote one more time:

"The philosophers said that the limit of choice is suicide.

You always have a choice. There is no such thing as "I had no choice but to do that" - you could have just killed yourself" .

You are asking the person to commit suicide if/ since he has no choice or limit of choice.

Then, you strayed from saying 

" could have killed yourself/ suicide"

to 

"killed (by someone) " ...

 

Must be proud. Under all watch and get away...

 

[turbguy + 1,540]

I repeat:

The ONLY way we can have high oil production in the US is when oil prices are high, because our average production costs are so high.

Why do you think #45 worked so hard in his last year to get foreign oil producers to cut production? Because the oil price had collapsed, due to a fall off of demand.  That’s what caused the cheap gas prices that his supporters talk about, like it was some kind of genius #45's leadership that made it so. In reality, it was due to the Covid shutdowns and the resulting collapse in demand, that would go on to lead the double digit unemployment spike experienced in the wake of it.

You can’t have high US oil production without high oil prices.

You want cheap petroleum, you get it by being reliant on places like Saudi Arabia and Russia. You want energy independence and you don’t want to do it through electrification because you want to stick with petroleum, then you’re going to live with high fuel prices.

It costs Saudi Arabia ~10 bucks to produce a barrel of oil because they have so much easy-to-get-at oil. In the US, that cost is  ~36 bucks. 3.6 times more. And that’s just an average… Some of our oil is far more expensive to get at.

You don’t get cheap oil AND energy independence while staying on oil, it’s one or the other.

Now, #47 said he will cut the cost of energy by one half in his term. 

Just how?  Eliminating regulations?  Lowering federal lease rates?  Nope.

Only by getting OPEC (or some other foreign entity, like Russia) to accept lower prices. Then US energy independence is at great risk. 

Edited November 11 by turbguy

[specinho + 467]

8 hours ago, Old-Ruffneck said:

And you have a problem with Elon and Tesla making money? Bitter, jealous, or mental??

You quoted the wrong one. It's me trying to point out superficial dealing suits the title: green new deal: blizzard of lies. Not @TailingsPond 

If Tailingspond can retired at 40, he could be inherited it;  granted real wealth by his rich friends, relatives or family members; or sere good luck. There is no need for him to feel bitter, jealous or mental at Elon and tesla making virtual money.

I questioned what he did because he told you to commit suicide...

Edited November 11 by specinho

[footeab@yahoo.com + 2,190]

5 hours ago, turbguy said:

I repeat:

The ONLY way we can have high oil production in the US is when oil prices are high, because our average production costs are so high.

Why do you think #45 worked so hard in his last year to get foreign oil producers to cut production? Because the oil price had collapsed, due to a fall off of demand.  That’s what caused the cheap gas prices that his supporters talk about, like it was some kind of genius #45's leadership that made it so. In reality, it was due to the Covid shutdowns and the resulting collapse in demand, that would go on to lead the double digit unemployment spike experienced in the wake of it.

You can’t have high US oil production without high oil prices.

You want cheap petroleum, you get it by being reliant on places like Saudi Arabia and Russia. You want energy independence and you don’t want to do it through electrification because you want to stick with petroleum, then you’re going to live with high fuel prices.

It costs Saudi Arabia ~10 bucks to produce a barrel of oil because they have so much easy-to-get-at oil. In the US, that cost is  ~36 bucks. 3.6 times more. And that’s just an average… Some of our oil is far more expensive to get at.

You don’t get cheap oil AND energy independence while staying on oil, it’s one or the other.

Now, #47 said he will cut the cost of energy by one half in his term. 

Just how?  Eliminating regulations?  Lowering federal lease rates?  Nope.

Only by getting OPEC (or some other foreign entity, like Russia) to accept lower prices. Then US energy independence is at great risk. 

Are you this DUMB?  USA increased worlds oil supply by ~5 Billion barrels a year.  Canada in last decade had increased its oil output by ~2 Billion barrels a year.  North America was not importing anymore.  Had nothing to do with ~#45.  Everyone else already had decade long sunk costs and wanted them paid back.  World was in a gargantuan oil glut.  Oil price cratering would have been FAR FAR worse if Nigeria wasn't effectively in a civil war, Libya WAS in a civil war, Venezuela decided to go Communist and be effectively embargoed from the USA light oil, Old USSR/Russia countries were coming massively online and had increased output to world by ~3Million barrels, and Iran was effectively embargoed. 

There is a gargantuan oil glut. If it wasn't for Ukraine war, oil price would STILL be in the dumps.  Oh yea, Argentina/Brazil/Guyana are increasing output. 

Oh yea, and China is in a recession, but has gargantuan subsidy mandates internal to country to go NG/EV. 

Frankly how the oil price is as high as it is currently is driven mostly by fear and massive inflation. 

[TailingsPond + 877]

7 hours ago, specinho said:

If Tailingspond can retired at 40, he could be inherited it;  granted real wealth by his rich friends, relatives or family members; or sere good luck. There is no need for him to feel bitter, jealous or mental at Elon and tesla making virtual money.

I questioned what he did because he told you to commit suicide...

I did not suggest anybody commit suicide.  It was a reference to philosophers as I pointed out twice now.  Do some google searches about freedom of choice and historical philosophy. 

I was able to retire at 40 because I do not have any children so it was easier to save up money.  I also did 16 years service for an agency that has a good pension plan.  16 years service isn't enough for a full pension but it is enough combined with other income (rental property, investments, and some gifts from family).

Yes, my partner inherited one of our houses and I stand to inherit more money and property when my elderly mother passes, but for the most part I just worked, saved, and invested.  I am not cash rich and do not live a lavish lifestyle, but we do have a lot of assets.

 

[TailingsPond + 877]

2 hours ago, footeab@yahoo.com said:

There is a gargantuan oil glut. []

Frankly how the oil price is as high as it is currently is driven mostly by fear and massive inflation. 

Tell this to Eco who keeps saying oil is fine despite all evidence to the contrary.

At least you and Old-ruffy can see the reality of the current state of oil.

Edited November 11 by TailingsPond

[TailingsPond + 877]

Tesla today gained another 8%

Oil went down 3.1%

The future of solar panels, battery banks, and EVs is strong. Tesla market cap is now 1.1 trillion.  To put that in perspective Ford market cap is less than half of that at 44.8 billion, GM a bit more at 63.4 billion.

 

 

Edited November 12 by TailingsPond

[Ecocharger + 1,464]

On 11/10/2024 at 8:53 PM, TailingsPond said:

Tesla is doing better, way better. 

Tesla up 34.5% in last month.

WTI down 0.4% in last month. 

Your stock pick of Occidental Petroleum is down 7.4% last over last month as well.

Clearly green energy and EVs have more investor confidence and profits than oil.

You seem to miss your usual quotient of reality again...congrats.

The shutdown is entirely due to the windfall tax of the UK government. 

Oil and gasoline is doing fine. 

I guess you are still a sore loser over the recent election? That figures.

•  

[TailingsPond + 877]

46 minutes ago, Ecocharger said:

You seem to miss your usual quotient of reality again...congrats.

The shutdown is entirely due to the windfall tax of the UK government. 

Oil and gasoline is doing fine. 

I guess you are still a sore loser over the recent election? That figures.

•  

Fact is oil was shutdown.

You keep saying oil is doing fine despite falling prices and shutdowns.

Why would I be sore over the election?  I don't even live in the USA.  Musk bought Trump and EVs and green energy are getting a boost from owning the executive branch.  Did you notice the billions Tesla made since the election?  Oil got no bump.

Edited November 12 by TailingsPond

[TailingsPond + 877]

49 minutes ago, Ecocharger said:

 

I guess you are still a sore loser over the recent election? That figures.

•  

Do you feel like you won the election? 

Edited November 12 by TailingsPond

[Ecocharger + 1,464]

4 hours ago, TailingsPond said:

Do you feel like you won the election? 

I guess you are still a sore loser over the recent election? That figures.

[Old-Ruffneck + 1,242]

11 hours ago, TailingsPond said:

Fact is oil was shutdown.

You keep saying oil is doing fine despite falling prices and shutdowns.

Why would I be sore over the election?  I don't even live in the USA.  Musk bought Trump and EVs and green energy are getting a boost from owning the executive branch.  Did you notice the billions Tesla made since the election?  Oil got no bump.

Oil is still being consumed at around 103mmb per day. Hasn't changed. Of course more oil online now oil will drop. Been predicted for over 3 weeks now. Eat your Humble Pie and STFU. The lower oil goes and more comes online the less we consumers pay at the pump and if gas hits and stays 2.50 a gallon, no need for electric cars but for those "believers".

Edited Wednesday at 02:30 AM by Old-Ruffneck

[TailingsPond + 877]

37 minutes ago, Old-Ruffneck said:

The lower oil goes and more comes online the less we consumers pay at the pump and if gas hits and stays 2.50 a gallon, no need for electric cars but for those "believers".

You ignore the fact the EV company stock price skyrocketed.

Oil consumption holding steady with falling prices is a form of failing.  Slightly lower oil is good for gas guzzling consumers like you but is bad for the industry.  As Eco recently pointed out the production industry is facing slim margins; why would a company take on more risk if the potential reward is so low?

 

[Ecocharger + 1,464]

It might not get very low, if OPEC can tweak its own output.

Despite short-term expected weakness, a larger market for oil products is ultimately positive for the industry.

https://oilprice.com/Energy/Crude-Oil/OPEC-Faces-Double-Trouble-China-Demand-Weakness-and-Trumps-Policies.html

"China’s weak oil demand has already thrown OPEC+ off track in its supply-management policies.

Trump's energy policies could create a new challenge for OPEC in 2025.

Amidst further uncertainties about global oil supply and demand with President Trump, OPEC+ may have to tweak their production policy more often than they have intended."

"The group now has to contend with some policies President-elect Trump has promised to introduce, including easier permitting for fossil fuel projects, import tariffs, and a more rigid stance toward Iran."

"“While the incoming administration will hold a more favourable view towards the oil and gas industry, ultimately the potential for production growth is going to be largely dictated by price,” Warren Patterson, head of commodities strategy at ING, says.

Amidst further uncertainties about global oil supply and demand with President Trump, OPEC+ may have to tweak their production policy more often than they have intended."

 

Edited Wednesday at 03:23 AM by Ecocharger

[TailingsPond + 877]

7 hours ago, Ecocharger said:

I guess you are still a sore loser over the recent election? That figures.

Not sore.  While I despise Trump the fact Musk got control of the white house fits my green agenda.  A good economist would know that the fact a pure EV/ green energy company has more than double the market capitalization of the manufacturer of the most popular ICE vehicle (Ford F150) is a market direction indicator.

[Ecocharger + 1,464]

8 minutes ago, TailingsPond said:

You ignore the fact the EV company stock price skyrocketed.

Oil consumption holding steady with falling prices is a form of failing.  Slightly lower oil is good for gas guzzling consumers like you but is bad for the industry.  As Eco recently pointed out the production industry is facing slim margins; why would a company take on more risk if the potential reward is so low?

 

You have never heard of two words, "business cycle".

High interest rates have finally put the bite on American economic growth, as well as world growth, so we would expect some deflationary impact on energy prices.

[Ecocharger + 1,464]

2 minutes ago, TailingsPond said:

Not sore.  While I despise Trump the fact Musk got control of the white house fits my green agenda.  A good economist would know that the fact a pure EV/ green energy company has more than double the market capitalization of the manufacturer of the most popular ICE vehicle (Ford F150) is a market direction indicator.

Dream  on....EVs are a niche market at best.

[TailingsPond + 877]

6 minutes ago, Ecocharger said:

You have never heard of two words, "business cycle".

High interest rates have finally put the bite on American economic growth, as well as world growth, so we would expect some deflationary impact on energy prices.

Explain Telsa's massive success.  They also sell energy products (panels, batteries).

Math is math, kind of hard to not notice the accounting.

Edited Wednesday at 03:33 AM by TailingsPond

[TailingsPond + 877]

6 minutes ago, Ecocharger said:

Dream  on....EVs are a niche market at best.

Explain Tesla's massive valuation.

[TailingsPond + 877]

14 minutes ago, Ecocharger said:

Amidst further uncertainties about global oil supply and demand with President Trump, OPEC+ may have to tweak their production policy more often than they have intended."

 

 

That means they have to create more artificial scarcity to avoid collapsing oil prices.

You can only ignore the low demand for so long.

[TailingsPond + 877]

20 minutes ago, Ecocharger said:

Despite short-term expected weakness, a larger market for oil products is ultimately positive for the industry.

Someone is starting to learn.

"Expected weakness" while the EV manufacturer is growing like crazy.

[Ecocharger + 1,464]

21 minutes ago, TailingsPond said:

Someone is starting to learn.

"Expected weakness" while the EV manufacturer is growing like crazy.

Your thesis has a basic problem...EVs are faltering.

[Ecocharger + 1,464]

42 minutes ago, TailingsPond said:

That means they have to create more artificial scarcity to avoid collapsing oil prices.

You can only ignore the low demand for so long.

Again you are ignoring the business cycle.

The reintroduction of Iranian restrictions is also a major factor.

https://oilprice.com/Latest-Energy-News/World-News/Irans-Oil-Exports-Dip-as-Stricter-Trump-Sanctions-Loom.html

"Earlier this year, Iran boosted its oil exports to six-year highs.

Trump’s election victory, however, could snap the recent rises in Iranian oil sales as the president-elect is expected to ratchet up sanctions pressure on Iran and its oil industry."

Edited Wednesday at 04:19 AM by Ecocharger