Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)

Donate Bitcoin



Donate Paypal

Page added on November 23, 2017

Bookmark and Share

Will oil touch $100 a barrel again?

Consumption

This seems unlikely, both in the short and long term, and in the context of new energy sources. But there’s always politics

It took the better part of a year but the production cut effected by the 14-member cartel, Organisation of Petroleum Exporting Countries (OPEC), in January is beginning to show results. Prices of the benchmark Brent grade crude have shot up by 36 per cent since the middle of this year and went within touching distance of the $65-a-barrel mark before retracing steps in the last few trading sessions. On Friday, Brent was trading in the $61-62-a-barrel range.

Exactly a year ago OPEC decided to take 1.2 million barrels a day off the market through production cuts in an effort to bring down output to around 32.5 million barrels a day. The cartel persuaded the 11 non-OPEC oil-producing countries led by Russia to cut collective output by 600,000 barrels a day taking the total to 1.8 million barrels, which was a big deal indeed.

Why high prices
This was the first time since 2008 that OPEC reached a consensus on cutting output and scepticism ruled as to whether the members would keep their commitments. Put it down to pressure on national budgets but the cartel largely abided by the agreement and the results are there now for us to see. What the production cuts did was to take off the surplus inventory floating around, literally, and brought balance into the market.

The squeeze coincided with a revival of demand. With global economic recovery and consistent demand from Asia, especially China and India, the oil market began to feel the effect of the supply cuts. Geopolitics, as much as fundamental demand-supply equations, is a major factor in oil pricing, and the recent events in Saudi Arabia’s domestic politics coupled with the ongoing war in Yemen ensured that sentiment in the oil market would turn bullish on prices. That, in short, is the story of the current spell of elevated prices.

The important question now is: Is the oil market headed back to the era of $100 a barrel?

Impact of oil flood
To answer that we need to understand the role played by the shale oil industry in the US. It was the latter that ended OPEC’s party in 2014 by flooding the market with its output. What the massive flood of oil did was not just depress prices but also disrupt the market equilibrium that had prevailed since the formation of the OPEC cartel in the 70s.

Saudi Arabia with its massive reserves of 260 billion barrels and dirt-cheap cost of production was the traditional leader and swing producer with an output between 8 and 10 million barrels a day. The kingdom could influence prices by turning its taps on or off.

The US shale oil industry appropriated this role of swing producer in 2014. For the first time in oil market history, Saudi Arabia faced erosion of its pricing power.

As prices began to fall, shale producers invested in technology that would enable them to consistently bring down break-even level. From between $65-70 a barrel three years ago, the break-even level for shale oil has seen a steady fall, and if the chief of Pioneer Natural Resources Company, one of the biggest producers in the Permian shale oil basin (one of two big basins along with Eagle Ford) is to be believed, it is as low as $20 a barrel now! That should be real bad news for conventional oil producers.

Output from the US, including conventional oil, is projected to shoot past 10 million barrels a day in 2018 according to the Energy Information Administration, relegating Saudi Arabia to second spot. Rig count is consistently rising and so is the monthly output trend.

The US is expected to turn a net exporter of oil by 2020 riding on the back of a second peak for shale oil output. This has tremendous implications not just for the energy market but also for geopolitics, especially in West Asia.

So, where does this leave oil prices?

Opinion, as always, is divided, with traders projecting a pull-back from present levels. The CEO of Vitol, an important oil trader, believes that prices could retrace their way to the $45 a barrel level. Balancing this is the opinion of OPEC’s secretary-general Mohammad Barkindo, who believes that demand will go past 100 million barrels a day (from around 85 million now) by 2020 and thus keep prices elevated.

Energy electrification
An important factor to be kept in mind amidst all this is what the IEA terms “electrification of energy” which is now on in full swing. The first impact is likely to be felt in the passenger cars industry where electric cars are being promoted in a big way. China has said that it will push for alternative fuel vehicles to account for at least a fifth of all vehicles sold by 2025. The UK would like all cars sold to turn electric by 2040 while India is working to a target of 2030. Given the increasing awareness of the ill-effects of environmental pollution caused by fossil fuels, more countries are likely to jump on the electric car bandwagon.

This has tremendous implications for the crude oil market as demand for transportation fuels could peak sooner than expected. To be sure, electrification of the auto industry is not so simple given the tremendous investments that have gone into setting up manufacturing facilities for conventional cars. There is also the question of job losses in the event of a major shift to electric vehicles.

But the broad direction is clear and it is only a question of the time-frame now. And then there is the worldwide shift to clean energy sources such as solar and wind for power generation which will cut into the demand for fossil fuel.

While these will determine the long-term price trends, in the short-term, it appears that prices will be capped at a maximum of $65 a barrel, mainly because shale oil is swinging in with its output.

The adherence to production cuts in the face of falling prices by both OPEC and non-OPEC producers needs to be watched closely. We have seen in the past how such agreements have proved short-lived as producers race to make up on volumes for what they lose on price.

In sum, the odds on a return of prices to the three-figure mark appear low at this point in time.

Unless, of course, a major geopolitical crisis breaks out somewhere in the world. All bets will be off then.

hellenicshippingnews



75 Comments on "Will oil touch $100 a barrel again?"

  1. Shortend on Thu, 23rd Nov 2017 9:33 am 

    Will it? If the scum on Wall Street can cash in like in 2007…sure…of course, no one will be able to bail the bastards out this time around.

  2. shortonoil on Thu, 23rd Nov 2017 10:04 am 

    For those not paying attention, crude has been going up lately, finished product prices are going down. $100 oil will get here as soon as the refining industry decides to commit suicide.

  3. rockman on Thu, 23rd Nov 2017 10:53 am 

    Yep, after the late 70’s when the inflation adjusted price of oil reached $119/bbl and then fell more the 70% no one thought we would reach $100/bbl in their lifetime. Of course when oil was $20/bbl in the 60’s anyone predicting the high prices of the 70’s would have been thought to be insane. And in 1998 when it hit $17/bbl few thought it had any chance to reach $35/bbl anytime soon. Even when the price doubled to $35/bbl in a few years $100/bbl wasn’t even a fantasy. And then when oil fell from $145+/bbl in less then $60/bbl 2008 no thought they would see anything close to $100/bbl for decades. And then in just a few years that expectation was proved false.

    Well, so far no one has been able to predict the long term price of oil worth a damn. And those were folks in the industry that invested $billions in such expectations. In fact even predicting prices 5 years into the future was beyond most capabilities.

    But I’m sure we have folks here more capable of predicting the future price of oil far better then folks in the industry with decades of experience.

    So let’s here from our modern day sages. LOL.

  4. bobinget on Thu, 23rd Nov 2017 3:12 pm 

    I disagree with Rockman. I say ‘Yup’, He, ‘Yep”.

  5. Davy on Thu, 23rd Nov 2017 3:36 pm 

    The better question would be will we ever have a $100 economy again? We have a $50 economy now with $100 cocktail parties with people who can afford $25. Price is no longer what it used to be. Legitimate price discovery fundamentals have been broken. We now have the moral hazard of managed price discovery through dubious methods that in earlier times would be
    considered corruption. Today it is considered creativity. The corruption of normal price discovery is basically a denial strategy. Real fundamentals were rejected because they no longer work in a Ponzi economy. So say what you want about oil prices but the issues are deeper than oil.

  6. bobinget on Thu, 23rd Nov 2017 3:39 pm 

    IEA sez 96 M B p/d . I say 99 MB by mid 2018. Not
    2020 as is currently popular.
    To squeeze 99 M B out of tired old wells crude needs to exceed inflation. Hence $100.

    It’s my firm belief Saudi Arabia can no longer pump more than 10.5 M B p/d if their lives depended on it. (it does) So, how, where, do we come up with an extra 3 MB p/d?

    Both Russia and Saudi Arabia are seeking control OPO (other peoples oil). V. Putin is winning.
    Still, it will take a sustained period of $100 crude to lure funding to deliver even an extra million.

  7. bobinget on Thu, 23rd Nov 2017 3:56 pm 

    Oh the irony. Output is expected to slump to 1.84 million barrels a day next year.the lowest compared with official government data since 1989.

  8. onlooker on Thu, 23rd Nov 2017 4:00 pm 

    Never going up to that level again. Why? Not enough net energy to allow the consuming sector to pay that price

  9. Harquebus on Thu, 23rd Nov 2017 4:06 pm 

    Excessive fiat currency creation has destroyed all price discovery.

  10. peakyeast on Thu, 23rd Nov 2017 5:02 pm 

    @Onlooker: The only reason I can see to prevent oil from future spikes and crashes in price – is if there is a powerful price control that makes it impervious to markets setting the pricing.

    I find the lack of price responses to bad news in MSM to support this idea. – How powerfull this possible price control is – is to be discovered.

  11. onlooker on Thu, 23rd Nov 2017 5:15 pm 

    Precisely, Peak markets setting the price. The supply/demand dynamic. Well if effective demand keeps going down so will price unless supply takes a nosedive

  12. onlooker on Thu, 23rd Nov 2017 5:20 pm 

    It has been said the Oil age will not when we run out of oil but when oil becomes unafforable to society and/or when we find some suitable substitute

  13. MASTERMIND on Thu, 23rd Nov 2017 5:21 pm 

    Saudi Arabian oil reserves are overstated by 40% – Wikileaks
    https://www.theguardian.com/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks

  14. MASTERMIND on Thu, 23rd Nov 2017 5:22 pm 

    Whether or not new shale oil and gas reserves are exploited, peak oil and peak gas are past. This means tremendous pressure on the entire system.

    http://churchandstate.org.uk/2013/04/dennis-meadows-there-is-nothing-that-we-can-do/

  15. MASTERMIND on Thu, 23rd Nov 2017 5:27 pm 

    All species, whether a weed, tomato plant, individual human or nation fight each other over energy. I wonder if weeds convince each other that it’s over “freedom & liberty” like the US does?

  16. MASTERMIND on Thu, 23rd Nov 2017 5:27 pm 

    WW2 was a resource war—Japan and Germany had to thrust outward to grab oil, or face certain defeat. The USA had more oil so defeat was inevitable. The USA is now in the same predicament, running short of oil and thrusting outward into the Middle East to grab it…

  17. MASTERMIND on Thu, 23rd Nov 2017 5:40 pm 

    Saudi Arabia may be out of oil to export by 2030 – Citibank

    http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9523903/Saudis-may-run-out-of-oil-to-export-by-2030.html

  18. Apneaman on Thu, 23rd Nov 2017 6:06 pm 

    MASTERMIND, you are correct about the fight for energy. Each to the best of their speicies and individual abilities.

    See, it’s not really a choice. Puppets don’t have a choice.

    The maximum power principle(MPP) in ecology states that self-­organizing systems, especially biological systems, capture and use available energy to develop network designs that maximize the energy fluxes through them, which are compatible with the constraints of the environment, and that those systems that maximize the throughput will endure. Thus, the MPP governs expediencies or efficiency in both the ecosystems functional and structural development. In this way, MPP can be used as a macro-level alternative model to interpreting evolution as a process whereby elements within an ecosystem are selected based upon their contribution to the processing of energy through the ecosystem, thus working to maximize the overall energy throughput.

    The humans, like all life forms, are really just conduits. Where the humans differ are that they are conscious beings which means most live in fear and need their tribal stories, eg:manifest destiny or whatever national myth or god(s) that tell them they are special. Within their own monkey tribes this terror management reverts to status & wealth. Most humans simply cannot admit what they really are. I get that it’s not the easiest thing to admit one is a biological puppet. It took me awhile. I imagine it’s hard for parents to wonder something like ‘am I a good mom or just ensuring my genes have the best chance to survive?’. How about both. Love ya mom!

  19. MASTERMIND on Thu, 23rd Nov 2017 6:12 pm 

    American mercenaries’ are torturing Saudi princes and billionaire Prince Alwaleed was hung upside down

    http://www.dailymail.co.uk/news/article-5108651/American-mercenaries-torturing-Saudi-princes.html

  20. MASTERMIND on Thu, 23rd Nov 2017 6:22 pm 

    Where is Madkat? Didn’t they serve him Thanksgiving at his nursing home? I bet he got an extra dish of jello today…Maybe he is not in the mood to rant and rage like usual….To bad he abandoned his family and his children..Same thing happened in the mice overpopulation studies….

  21. Anonymouse1 on Thu, 23rd Nov 2017 6:29 pm 

    MM = the exceptionalist Ap….

    Sock puppetry, all the retards (and now lunatics), are doing it.

  22. Davy on Thu, 23rd Nov 2017 6:49 pm 

    mouse = fruitcake nut case and a millennial waste of time. Hey, shouldn’t you be studying for your engineering. Are you still struggling to be an engineer? I bet it is tough for someone like you with such a narrow intellectual capability. Please, give us some of that exotic anti-American comments complete with special code words. What a dumbass.

  23. Makati1 on Thu, 23rd Nov 2017 6:54 pm 

    MM: I had a nice day, thanks, and it is now Friday here. I do not celebrate holidays as they are all religious and/or commercial. I celebrate life, which I am enjoying immensely, thank you.

    As for my family, they are, and have been, independent for about 20 years now. Abandoned? No, just not dependent on daddy anymore. I raised them to be so. They are all happy with their own families. You would not understand that they do not need me. I do not need them. We chat, phone and message as much as always. The love is still there, just not the physical contact. THAT is the real world in 2100. You are too young and inexperienced to understand. Get married, have kids, and come back in about 30 years with an experienced, intelligent reply.

    BTW: It is another 88F/31C day here in Makati. The sun is shining and the view is about 8 miles. Life is good!

  24. Davy on Thu, 23rd Nov 2017 6:58 pm 

    “I celebrate life, which I am enjoying immensely, thank you.”

    You celebrate life by telling us we are going to die. What friggin planet are you from mad kat? You celebrate death, hate, and discontent and represent all those lower human emotions and base reptilian reflexes. There is no humanity in you.

  25. deadlykillerbeaz on Thu, 23rd Nov 2017 7:01 pm 

    The only good guess is December of 2020, oil at 50.41 USD.

    http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

  26. Davy on Thu, 23rd Nov 2017 7:08 pm 

    “China Deleveraging Hits Corporate Bonds As Cascade Effect Begins”
    https://tinyurl.com/yb93rhqa

    “We agreed with the WSJ’s explanation at the time, but noted that the government bond sell-off was actually a sign of the unravelling of the WMP Ponzi scheme. The Chinese authorities are wise to the Ponzi which is why they announced the overhaul of shadow banking and WMPs last Friday (see “A ‘New Era’ In Chinese Regulation Means Turmoil For $15 Trillion In China’s ‘Shadows”). However, the new regulations don’t kick in until mid-2019, a sign to us that when they looked “under the bonnet”, they didn’t like what they saw. We doubt that China can achieve an orderly restructuring of its shadow banking sector, never mind its much larger credit bubble. A sign that we have taken another step towards China’s “Minsky moment” is that the bond sell-off has spread to the corporate bond market.”

    “With more than $1 trillion of local bonds maturing in 2018-19, it will become increasingly expensive for Chinese companies to roll over financing — and all the tougher for those in industries like coal that the nation’s leadership wants to shrink. Two companies based in Inner Mongolia, a northern province that’s suffered from a debt-and-construction binge, missed bond payments on Tuesday, in a demonstration of the kind of pain that may come.”

    “We disagree. From our perspective, it looks like early signs of cascading sell-offs within Chinese financial markets, which have long been abused by excessive leverage and Ponzi characteristics. Talking of which, the Shanghai Composite Index suffered its biggest one-day drop since June 2016. What caused the sell-off? According to some commentators it was fear that the local bond rout was getting out of control…hence “cascade”. We noted last week that traders had been stunned by the official warning from Beijing that some stocks – in this case Kweichow Moutai – had risen “too far, too fast”. Zhengyang Shen, a Shanghai-based analyst at Northeast Securites commented. “The decline in Moutai has triggered selloffs in some of this year’s best performing stocks.” Which sounds an awful lot like another example of cascading selling…”

  27. MASTERMIND on Thu, 23rd Nov 2017 7:16 pm 

    Madkat: Ouch no holiday celebrations? Bah hum bug….Your a mean one Mr Madkat…

  28. MASTERMIND on Thu, 23rd Nov 2017 7:17 pm 

    Annyomouse is a CUCK!

  29. MASTERMIND on Thu, 23rd Nov 2017 7:20 pm 

    Madkat why would I want to have kids and a family when I know global society is going to collapse within the next decade most likely. According to the peer reviewed literature and experts? Actually not having kids was one of the greatest choices I ever made..Maybe you should have done your homework before you had a ton of kids. Now they are all going to die a horrible painful death…I doubt that you will lose sleep over it though..

  30. MASTERMIND on Thu, 23rd Nov 2017 7:35 pm 

    Soon we’ll be back to
    3000 BC, and spending the day looking for something to eat, and another dry stick for the fire.

    -shortonoil

  31. Makati1 on Thu, 23rd Nov 2017 7:48 pm 

    MM, because you are too immature/greedy to want a family, yet you accuse me of ‘abandoning’ mine. Hypocrite. My ‘kids’ are ALL over 40. They will have to adjust just as you will. And they will. They are intelligent and have survival skills that I taught them. Do you?

    BTW: You will not be around to experience any ‘future’.

    1. You live in the wrong country. The Number one most hated country in the world. The Number one debtor country. The country disintegrating from the inside. If I were you, I would get out of the US while you can.
    2. You apparently have no skills that will give you any value to others.
    3. You are too immature and arrogant to survive the first encounter with the ‘survivor class’.

    So keep trying with your silly putdowns, but you are wasting your time. Davy never realized that no one can make me feel inferior to such as himself and you are no different.

  32. Makati1 on Thu, 23rd Nov 2017 7:55 pm 

    BTW: 3,000 BC saw some of the best times for humans. Egypt. India. China. It was long after we became farmers. Hunter gatherers disappeared about 5,000 years previous in most places of the world. Your history education is severely lacking.

  33. Boat on Thu, 23rd Nov 2017 8:02 pm 

    Happy Turkey day

  34. MASTERMIND on Thu, 23rd Nov 2017 8:03 pm 

    Madkat sorry i don’t consider slaving all day best times….

    Here’s How NASA Thinks Society Will Collapse
    https://www.theatlantic.com/politics/archive/2014/03/heres-how-nasa-thinks-society-will-collapse/441375/

    Ouch Madkat NASA thinks global society will collapse in the near term. Not just western…So much for you hypothesis.

  35. Davy on Thu, 23rd Nov 2017 8:11 pm 

    Mad Kat, I thought you were ignoring me? Lol. Basically you bugged out. You told us once your mother passed you would likely never go back to the US. Sounds like Mad Kat has no interest in his kids and grandkids. A real man protects his family and remains with them even in danger.

  36. MASTERMIND on Thu, 23rd Nov 2017 8:26 pm 

    Davy

    You nailed it..He bugged out for sure.. I bet his whole family thinks he is nuts…Why would you bug out away from the most powerful and wealthy country to a shit hole overpopulated ghetto? He is going to be turned into a slave once the collapse hits. Asian countries mostly already treat their people as slaves. Just imagine when the big bad USA is nowhere to be found anymore or any of our European buddies….LOL

  37. Apneaman on Thu, 23rd Nov 2017 8:40 pm 

    Mak, how is not wanting a family greedy?

    What exactly is someone taking if they don’t squirt out the 2.5 worker-consumers?

    Mak, you sound like those religious people. You know, the ones who worship Mammon and call themselves capitalists.

    For them humans are just another statistic and they get angry at those who don’t breed the required (by a bunk economic model) 2.1 future worker-consumers. Oh hell ya, they have it all worked out – how much you will consume buying junk and services for your little spawn and how much they will earn & spend when they grow up and start their breeding obligations.

    They totally spaz out if the demographies are not maintained and then turn around and claim invisible hand & magic market solves all problems and capitalism is freedom. Ya your free right after you fulfill that lifetime of obligations to the system.

    If the market solves all then why the the alarmist advocating for more breeding? Maybe the market has changed it’s mind like it has with retard levels of debt?

    Ever notice the demographic doomers are the same ones who invented ‘welfare queens’ hysterics – they go bat shit crazy about both. I love it.

    I love millennials who refuse to follow the old and almost dead economic model. That’s what they do instead of pitch forks in the street. A big fuck you to the dying capitalist worshiping retards.

    Communism went in 1990 & now it’s counter part, capitalism, is almost dead. Both are the warped bastard children of industrialism.

    Now we get dystopian authoritarianism and an ever increasing shit kicking from the planets immune response.

    Only a sadist would bring a child into this world.

    Sodomy is eco friendly & abortion is Green.

    https://www.youtube.com/watch?v=FCtJ1_2Sf-s

  38. Makati1 on Thu, 23rd Nov 2017 8:42 pm 

    Mastermind, maybe you and Davy could share a room and share abunk in the insane asylum? Are you sure you are not related? You both have the same problems with the real world the rest of us live in. Is mommy’s basement not big enough for your ego?

    Keep trying, but you have zero chance of ever upsetting me. I enjoy poking a stick at the arrogant monkeys. And the US is full of them.

    You act as if my family needs me. They don’t. What would they need a 73 year old for? None of them need money. They are all well employed and have homes of their own.

    You are a child pretending to know what ‘family’ is all about. Hint: It is NOT Disney’s version. You will never know. Just parrot the line. LMAO

  39. Anonymouse1 on Thu, 23rd Nov 2017 8:49 pm 

    Both the exceptionalist AND mushmind could easily share a room mak, they are one and the same mental case.

    The exceptionalist has discovered sock-puppetry. Problem (for him) is, he is not very good at it.

  40. Davu on Thu, 23rd Nov 2017 8:55 pm 

    Mad Kat. Family is the basis of survival and families in tribal arrangements for millennium have survived that way. So you are saying you could give a shit about that? I care about my dad and glad I could see him today. I think your attitude says everything about your disposition and that is cold narcissism. Who is going to take charge of your body when you die? Sounds lonely to me.

  41. Davy on Thu, 23rd Nov 2017 8:58 pm 

    Mouse, good try, but I think you are poor at sock puppetry false flags. LMFAO, what a millennial dork. Go downstairs and check the batteries on your Xbox controller or something.

  42. MASTERMIND on Thu, 23rd Nov 2017 9:27 pm 

    Davy

    He doesn’t want to see his kids anymore or even his grand kids grow up. He doesn’t want to take them fishing and teach em poker like my grandpa did…Sad..I feel sorry for his family…He for sure never should have had children. He was obviously just brainwashed by his church leader…And now his children and grandchildren have to suffer the consequences….Madkat is the textbook definition of “Anti social”..

  43. Makati1 on Thu, 23rd Nov 2017 9:44 pm 

    MM, you live in a Disney world, not the real one of 2100. AND, you have ZERO experience as a father or husband. You only prove your immaturity and lack of experience, among other things, when you create fake lives for me.

    I see my grand kids as often as if I lived in the US. They live in Virginia, Pennsylvania, Florida, and Tennessee. They have no need to see me regularly as they have fathers of their own to do stuff with them. We chat and talk on the internet with face to face hookups. I send them stuff from the Ps and they treasure it more than a toy form Walmart. The high school age ones even do reports and essays on the PS and have stuff I send them to show their peers. They want to come and visit me. I hope they do, and stay, for their future safety.

    Grow up and look at the real wold, snowflake. It is not the Disney version.

  44. Makati1 on Thu, 23rd Nov 2017 9:54 pm 

    MM: As I said, you need a history lesson. 3,000 BC was not about slavery. It was aobut a sane lifestyle. Do soem research and learn for yourself.

    If you hate slavery….look at your own situation. You are/will be a wage slave for your entire life. The Egyptians were taxed about 10% of their labor. You are taxed on all of it and the various governments take at least 50%. You slave all day to live. How is that different?

    And, after the SHTF, you will sweat all day just to survive. IF you survive the chaos. Be patient.

  45. MASTERMIND on Thu, 23rd Nov 2017 10:06 pm 

    Madkat

    Sending your grand kids junk from Asia doesn’t really count. They could easily get whatever you send from their local wal mart…They do need you around. They need you to take them fishing, and put the worm on the hook. They need you to buy them that candy bar they want at the grocery store that their parents always say no to..They need you to let them stay up late watching tv with them. And most importantly they need your knowledge and wisdom to help them survive this cruel world…Instead you fled them and left them to walk go it alone…You fucking do gooder too bad you couldn’t do good in marriage.

  46. Makati1 on Thu, 23rd Nov 2017 10:34 pm 

    Hahahaha. Mm: Do you practice being an idiot or does it come natural?

    I cannot help it if you had no father to take you places and do things. But they have fathers who do that and I am not needed. They have fathers to teach them what they need to know, not a meddling grandfather. Again, you have ZERO parenting experience to back up your false claims. NONE! ZERO ZILCH! NADA! You only look stupid when you try to tell others how to parent.

    Are you bored living in mom’s basement? Unemployed? Drugged up, Snowflake? Get a real education about the real world and stop bragging that you are educated. You are not. Not in what is important and certainly not in what will be necessary to survive the coming collapse and chaos in the US. Not even close.

    I live my life as I choose now. You are just jealous of my real freedom. BTW: IF you are employed, keep paying your taxes. I get a 2% raise in my SS next year. It will be used to continue to prep for the coming events. Just one of my many income streams, but useful to add to my future comfort. Thanks snowflake, or should I say, tax slave?

  47. Makati1 on Thu, 23rd Nov 2017 10:38 pm 

    bTW: The things I send to my grands are things like cobra skins I tanned myself, toys hand made locally, carved items also made locally, Philippine Peso bills, etc. NOT shit from China at Walmart.

    Your ignorance is showing and your jealousy. Spend $5K and come and stay for a month and get a real education on the real world. Passport required, and no drugs. lol

  48. MASTERMIND on Thu, 23rd Nov 2017 10:54 pm 

    Madkat

    Just shove all of your parental duties on the father so you dont have to be a grandpa like you should. You are pathetic…my dad spent plenty of time with me growing up he coached my baseball and basketball teams. But there are things he didnt teach me that my grand father did. My father for example was highly educated and my grandfather wasn’t. My grandpa taught me how to catch catfish and gave me my first sip of a beer..We played cards together and when he would pick me up from my parents we would sing songs all the way to his house. And I dont live with my mom i have my own place for the last decade. I made over 60k a year for five years just selling cell phones when I worked at ATT. while all the rest of my friends struggled bad during the great recession. Did you ever make that much money in your mid twenties? NO. Were you ever the top salesperson for a fortune ten company in your twenties like me? NO. where you ever a state chess champion? NO.. so spare me the snowflake shit.

  49. MASTERMIND on Thu, 23rd Nov 2017 10:58 pm 

    Madkat

    You sent them snake skins? Gross..I bet they hated that shit…Don’t you get it old man? They need to see how you treat their grand mother, they need to see your smile on your face when you see them. They need to feel your hugs and hear your jokes…Sorry giving them pointless junk just wont cut it..And i doubt they enjoy getting money from a country that is whack as hell and they can’t even spend..

  50. MASTERMIND on Thu, 23rd Nov 2017 11:00 pm 

    Madkat

    You fucking do gooder too bad you couldn’t do good in marriage…

    OOPs almost had it…

1 2

Leave a Reply

Your email address will not be published. Required fields are marked *