[SumYunGai]

$this->bbcode_second_pass_quote('kublikhan', '')$this->bbcode_second_pass_quote('SumYunGai', 'P')eople in developing countries are very poor. So even a small rise in the oil price has a profound effect on their budget.

[SumYunGai]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('SumYunGai', '')$this->bbcode_second_pass_quote('kublikhan', 'R')eally now? Have you done the math on this?

[ennui2]

Maybe if you read kub's posts instead of skimming them then you'd realize how you're wrong on the internet.

[rockdoc123]

pstarr said:

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', 'r')ockdoc123 wrote:
The rest of us have shown data several times that illustrate demand was never impacted by $100 oil and that the global economy has continued to grow.

[ROCKMAN]

Doc - "...following the collapse in prices through late 2014 and 2015 demand (as measured by consumption) continued to grow." But wouldn't it be fair to speculate that both consumption and GDP continued to grow BECAUSE oil prices fell? IOW would one argue that we would have seen both increases if oil were still $100+/bbl?

Goes back to the problem we've talked about before: not just the cause/effect dynmamic but how the time lags fit in.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'B')ut wouldn't it be fair to speculate that both consumption and GDP continued to grow BECAUSE oil prices fell? IOW would one argue that we would have seen both increases if oil were still $100+/bbl?

[ennui2]

$this->bbcode_second_pass_quote('rockdoc123', '
')I am not sure why there are a number of people here who will just not accept the story that every investment bank in the world, the EIA and OPEC have been very vocal about. The fall in prices was due to too much supply coming into the market as a consequence of increased production from the US LTO plays, Russia and the fact that Saudi Arabia chose to kick OPEC to the curb and protect their market share by increasing production and selling oil at discounts to its SE Asia customers.

[kublikhan]

$this->bbcode_second_pass_quote('Pstarr', 'T')hat's what Kub does, he floods a thread with numbers, begging folks to prove him wrong. You can every time, I got tired of it long ago. As the old adage says ""If you can't dazzle them with brilliance, baffle them with bullshit."

[kublikhan]

$this->bbcode_second_pass_quote('SumYunGai', 'J')ust because you have done some math, it doesn't make what you are claiming true. Your math is basically a semantic trick, attempting to down play the effect of oil prices on the world economy by claiming that people have plenty of money. But your whole approach really makes no sense at all. No matter how much money people have to spend, every penny of oil price increase is one less penny they have to spend on other things. Think about it.

[kublikhan]

$this->bbcode_second_pass_quote('pstarr', 'M')oore's Law is dead. Clock speed hit it's peak almost a decade ago. Core's are marketing nonsense for the most part. The rest is also happy-face marketing BS.

[kublikhan]

$this->bbcode_second_pass_quote('pstarr', 'D')id a search on SumYunGai. Can't find him anywhere except at this site . . . where he is much appreciated. Here's hoping he isn't banned. I know you cornies are working on it.

[SumYunGai]

$this->bbcode_second_pass_quote('pstarr', 'D')id a search on SumYunGai. Can't find him anywhere except at this site . . . where he is much appreciated. Here's hoping he isn't banned. I know you cornies are working on it.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'I')t really makes no sense to ban me. I just had a comment nominated for post of the year!

[ralfy]

And yet <> forever?

[ennui2]

$this->bbcode_second_pass_quote('kublikhan', '
')1. You claimed computing progress has come to a end just because die shrinks take longer than 2 years. Bullshit.
2. You claimed Europe's long term fuel consumption decline begane in 2008. Bullshit.
3. You claimed the oil glut is "just a few barrels" Bullshit.
4. You specifically asked me to supply data on China's oil imports because you thought I was making up bullshit when I said they import more net oil than the US does. When I supplied the data, you shut up real fast.
5. You claimed oil demand all over the world is in decline. Bullshit.

And that's just some of the recent bullshit I called you out on. You are constantly posting bullshit on this site. Then you get mad when I call you out on it. Perhaps you should look in the mirror before accusing someone of posting bullshit.

[Observerbrb]

$this->bbcode_second_pass_quote('ennui2', '
')
The reason some people can't accept it that some people can't let go of the clarion calls of doom before the fall of 2008.

ETP provides an apologia for this. It's an implausible one, but it's all these people have to hang their hat on.

Now, if they would just CAPITULATE to us being in a supply glut, then we could let go of the past and move forward once and for all. But no, that would be too humiliating.