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[SKEP + 229]

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Edited August 8, 2019 by SKEP

[footeab@yahoo.com + 2,192]

1 hour ago, SKEP said:

The proliferation of Natural Gas and Oil effects all energy.

The IOCs ruled the World.  Not so much anymore.  

Trade War has some affect . . .  but not what it's being made out to be. It's a conventional excuse for many industries.

If US and China signed a trade deal today WTI and Brent will price will jump . . . . but it will not decrease oil and gas supply or overbuild of refineries. 

Competition in Oil and Gas Industry .  .  .  .  What a novel idea.

Hilarious punch line?  Trade so called "war" has not even started yet. 

[SKEP + 229]

On 8/1/2019 at 11:09 AM, Wastral said:

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Edited August 8, 2019 by SKEP

[footeab@yahoo.com + 2,192]

4 hours ago, SKEP said:

Trump just announced 10% tariff on me t 300 Billion. 

I think the trade war has started.

Those tariffs are not instantaneous ya know.  The first 25% tariffs only went into effect on June 1st 2019.  2 months ago.  Section 301

https://www.cmtradelaw.com/2018/10/latest-u-s-trade-actions-tariffs-and-other-countries-retaliatory-measures/. 

The original was 10% on $50B out of $500B

In other words, the Tariffs are just starting so no, the slowdown is not due to tariffs other than in a very minor way. 

[SKEP + 229]

On 8/1/2019 at 7:01 PM, Wastral said:

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Edited August 8, 2019 by SKEP

[Tom Kirkman + 8,860]

9 hours ago, Wastral said:

Hilarious punch line?  Trade so called "war" has not even started yet. 

 

7 hours ago, SKEP said:

Trump just announced 10% tariff on next 300 Billion. 

I think the trade war has started.

 

< cough >

https://community.oilprice.com/topic/6591-trump-vs-xi-trade-battle-running-commentary-from-conservative-tree-house/?page=2#comment-60609

 

[Douglas Buckland + 6,308]

22 hours ago, SKEP said:

The 25% tariff on $250 Billion just started June 1st 2019. (Was only 10% for $50 Billion before that).  Oil price was under pressure since October 2018.  Excuses .  .  .  Excuses .  .  .   Excuses . 

The IOCs once ruled the World.  Not so much anymore.  

Trade War has some affect . . .  but not what it's being made out to be, not to the extent it's being made the scapegoat.. It's a convienent  excuse for many industries.

If US and China signed a trade deal today WTI and Brent price will jump . . . . but it will not decrease oil and gas excess inventory  or the overbuild of refineries. Price increase would not last long.  

China is doing to Asian petroleum refined products and petrochemicals industries what it did to US manufacturing. Ramp capacity, Increase exports and employ predatory pricing.  China wants to control Asian energy.

If you employ just a bit of foresight one can see the demand will plateau and supply is increasing.  

OPEC, Oil Majors, Analyst all want to blame Demand . . . They act like Supply is a four letter word.  I count six letters. To admit that supply is growing would expose their weakness. 

Competition in Oil and Gas Industry .  .  .  .  What a novel idea.

*  OVER SUPPLY  *  OVER BUILD  *

So if the US & China sign a trade deal and the global economy kicks back into gear, isn't it safe to say that oil demand will increase accordingly?

[SKEP + 229]

On 8/2/2019 at 8:25 AM, Douglas Buckland said:

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Edited August 8, 2019 by SKEP

[Douglas Buckland + 6,308]

As you say, this is simply your opinion.