DA? + 301 jh November 29, 2018 3 hours ago, Tom Kirkman said: Your logic is flawless, DA. Guess I need to rethink this science stuff. This is where AI could be helpful, in pointing out my logic algorithm hiccups. 5 hours ago, DA? said: Oil weighs more than paper money, so oil tends to fall faster than paper money does. Just like a cannonball vs. a feather. Simple, really Science can be hard, even the basic Newtonian science. AI has it's uses, just like annoying "left" environmentalist types. 1 Quote Share this post Link to post Share on other sites
Billyjack + 58 B November 29, 2018 The Chicago Mercantile exchange states that it trades 1.2 million options and contracts daily. That represents 1.2 billion paper barrels per day versus 95 million liquid barrels. As long as there is no shortage of liquid barrels I'd check with Goldman Sachs until OPEC shuts in enough to create an actual shortage of supply. 1 1 Quote Share this post Link to post Share on other sites
shadowkin + 584 EA November 29, 2018 (edited) 13 hours ago, Hrvoje Petrović said: The answer is simple...US sell their oil reserves on higher barell price,and when reserves are "SOLD" they go down with price as much as they can to buy (Iranian,Saudian,Russian,Angola's,Nigeria's etc) oil on lower rates...US restrictions to China,Iran,Saudi Arabia is worldwide fraud... Fraud? It's smart business but selling from SPR to do this probably won't happen. It's done with stocks all the time. Edited November 29, 2018 by shadowkin correction Quote Share this post Link to post Share on other sites
Jesse Man + 17 JM November 29, 2018 So who is trying to keep oil above $50 a barrel? Quote Share this post Link to post Share on other sites
Brent Hamrick + 31 November 29, 2018 10 minutes ago, Jesse Man said: So who is trying to keep oil above $50 a barrel? Central Bankers? 1 1 Quote Share this post Link to post Share on other sites
Eric Wright + 2 November 29, 2018 I like OIL. EVs are not ready for primetime. I've gotten 3 estimates for Solar to put on my house 45k, 50k and 60k, it's not happening. Skip Saudia Arabian oil, we've got plenty. I drive a 60k SUV (GX470) that gets 14.5 MPG. I'm from Texas! Most interested in the Permian Basin. 2 Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 November 29, 2018 10 hours ago, DA? said: Science can be hard, even the basic Newtonian science. AI has it's uses, just like annoying "left" environmentalist types. Do you think AI would be able to discover any logical discrepancies in the science reasoning of the weight theory in the earlier comment (appended below)? Because the train of reasoning sounds perfectly reasonable to me. V: So, why do witches burn? (long pause) P2: Cuz they're made of... wood? V: Gooood. (crowd congratulates P2) V: So, how do we tell if she is made of wood? P1: Build a bridge out of her! V: Ahh, but can you not also make bridges out of stone? P1: Oh yeah... V: Does wood sink in water? P1: No P3: No. It floats! P1: Let's throw her into the bog! (yeah yeah ya!) V: What also floats in water? P1: Bread P3: Apples P2: Very small rocks (V looks annoyed) P1: Cider P3: Grape gravy P1: Cherries P3: Mud King: A Duck! (all look and stare at king) V: Exactly! So, logically... P1(thinking): If she weighs the same as a duck... she's made of wood! V: And therefore, (pause & think) P3: A witch! (P1: a witch)(P2: a witch)(all: a witch!) 2 Quote Share this post Link to post Share on other sites
Rodent + 1,424 November 29, 2018 1 hour ago, Eric Wright said: I like OIL. EVs are not ready for primetime. I've gotten 3 estimates for Solar to put on my house 45k, 50k and 60k, it's not happening. Skip Saudia Arabian oil, we've got plenty. I drive a 60k SUV (GX470) that gets 14.5 MPG. I'm from Texas! Most interested in the Permian Basin. Welcome to OP, Huma. 1 Quote Share this post Link to post Share on other sites
DA? + 301 jh November 30, 2018 10 hours ago, Tom Kirkman said: Do you think AI would be able to discover any logical discrepancies in the science reasoning of the weight theory in the earlier comment (appended below)? Because the train of reasoning sounds perfectly reasonable to me. V: So, why do witches burn? (long pause) P2: Cuz they're made of... wood? V: Gooood. (crowd congratulates P2) V: So, how do we tell if she is made of wood? P1: Build a bridge out of her! V: Ahh, but can you not also make bridges out of stone? P1: Oh yeah... V: Does wood sink in water? P1: No P3: No. It floats! P1: Let's throw her into the bog! (yeah yeah ya!) V: What also floats in water? P1: Bread P3: Apples P2: Very small rocks (V looks annoyed) P1: Cider P3: Grape gravy P1: Cherries P3: Mud King: A Duck! (all look and stare at king) V: Exactly! So, logically... P1(thinking): If she weighs the same as a duck... she's made of wood! V: And therefore, (pause & think) P3: A witch! (P1: a witch)(P2: a witch)(all: a witch!) It's your interpretation of the physics of objects falling and why one falls faster then another that needs to be looked at. 1 Quote Share this post Link to post Share on other sites
DA? + 301 jh November 30, 2018 11 hours ago, Eric Wright said: EVs are not ready for primetime. I've gotten 3 estimates for Solar to put on my house 45k, 50k and 60k, it's not happening First point Model 3 has hit the prime time, look at it's sales figure in the USA market compared to similar ICE's. For such high costs how much power do you require, or were these old quotes? Although over time it should still payback, living in Texas you already use quite a high amount of renewable electricity. Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 (edited) volkswagen said that is going to invest 30 billion in developing EV and SDV (self driving vehicles) Edited December 3, 2018 by Specyoulator typo Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 (edited) and GM wants to invest in that too...GM knows what is the trend....and that trend is EV (sooner or later)... Edited December 3, 2018 by Specyoulator wanted it to be more clear Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 Do you guys know what would be a very interesting topic for doing research? How much money from oil tycoons is beig invested in RD (research and development) for EV (batteries, solar panels, and fusion) Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 option a) the really big fortunes sure will try to squeeze the last drop of oil even while the majority of the population will be riding E Vehicles. option b) They are going to do everything they can to delay the mass production of EV. They are still obsessed over oil money Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 ¿Who owns Volkswagen? Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 let's play this: Let's imagine we are the most rich people in the world. Each of us have 900 trillion dollars (made from exploiting oil)...let's imagine what we would do in order to remain being the richest after the people stop consuming oil. what would you do? 1 Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 (edited) Qatar is withdrawing from the OPEC...oil is going to rise Edited December 3, 2018 by Specyoulator Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 or maybe not...? what do you guys think? Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 https://www.cnbc.com/2018/12/03/qatar-to-withdraw-from-opec-as-of-january-2019.html Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 December 3, 2018 10 minutes ago, Specyoulator said: oil is going to rise 9 minutes ago, Specyoulator said: or maybe not...? what do you guys think? Anybody want to take a guess what my hope is for Brent and WTI oil prices in 2019? Just a wild guess? Anyone? Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 30 bucks Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 December 3, 2018 2 minutes ago, Specyoulator said: 30 bucks I'll give you credit for trying ... that is indeed a wild guess. Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 so? what is it going to be? Quote Share this post Link to post Share on other sites
Specyoulator + 9 YT December 3, 2018 something strange is happening...when oil rises, nasdaq drops... Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 December 3, 2018 4 minutes ago, Specyoulator said: so? what is it going to be? Quote Share this post Link to post Share on other sites