PeakOil is You
Economic outlook from the attacks on SA
Re: Economic outlook from the attacks on SA
by Outcast_Searcher » Mon 30 Sep 2019, 22:45:16
$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('Revi', 'B')ack to the topic of this thread. Why aren't oil prices going up lately? What's going on?
$this->bbcode_second_pass_quote('', 'B')USINESS NEWS SEPTEMBER 30, 2019 / 9:16 AM
FUJAIRAH, United Arab Emirates (Reuters) - Saudi Aramco has restored full oil production and capacity to the levels they were at before attacks on its facilities on Sept. 14, the chief executive officer of its trading arm, Ibrahim Al-Buainain, said on Monday.
https://www.reuters.com/article/us-saud ... SKBN1WF1T0
Which makes sense given that oil prices have roughly returned to pre-event levels (WTI near $55), and gasoline prices have also (at least in my area). I'm actually a bit surprised that apparently there isn't a meaningful lingering premium on oil prices re a fear factor.
Now, some heightened awareness of the geopolitical risk may linger, but all the dramatic claims about how this was going to be some major peak oil deal -- no, not at all, barring further / expanded attacks.
https://ycharts.com/indicators/wti_crude_oil_spot_price
I perused the one month chart.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Outcast_Searcher - COB
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Re: Economic outlook from the attacks on SA
by Outcast_Searcher » Mon 30 Sep 2019, 22:57:12
$this->bbcode_second_pass_quote('GHung', '')$this->bbcode_second_pass_quote('Outcast_Searcher', ' ')........
When we (the non fast crash doomer hysteria crowd) all agree none of us should respond ever to any of the doomer clan, be sure and let me know. ......
When we (the non fast crash doomer hysteria crowd) all agree none of us should respond ever to any of the doomer clan, be sure and let me know. ......
When we, the few who still comment here, can all agree on Outcast_Searcher's criteria of who, and who doesn't, fit into the so-called "fast crash doomer hysteria crowd", be sure and let me know. Especially concerning is the part where they've all banded together into a "clan".
That's some scary chit, O_S
Nothing useful to say, I see. No wonder I usually have you on ignore.
Where did I say they have all banded together?
I just looked up clan. One of the definitions is "a group of people with a strong common interest". Or re Mirriam Webster, "a group united by a common interest or common characteristics".
So now that you have appointed yourself word nazi (even though you're clearly not qualified), go ahead and regale us with tales why in the context of having a strong (one might even say fanatical) common interest, the fast crash doomer crowd / group / set is not a clan.
https://www.google.com/search?q=clan+de ... e&ie=UTF-8
https://www.merriam-webster.com/dictionary/clan
Or, you could even get a life.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Outcast_Searcher - COB
- Posts: 10142
- Joined: Sat 27 Jun 2009, 21:26:42
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