[mousepad]

$this->bbcode_second_pass_quote('Plantagenet', '
')I'll be very impressed if Joe Biden screws things up enough to get us up to $200 bbl oil.

[Plantagenet]

$this->bbcode_second_pass_quote('Doly', '
')Any similarities between the Democratic Party today and the Democratic Party of 20 years ago, let alone the Democratic Party of historical times, are mostly coincidence.

[AdamB]

$this->bbcode_second_pass_quote('Doly', '')$this->bbcode_second_pass_quote('', 'T')he Democratic Party was the party of the traitors who seceded and started the confederacy.

[Plantagenet]

$this->bbcode_second_pass_quote('mousepad', ' ')still have a hard time ordering silicon wafers from fabs both far and near. Record waiting time, record prices. No inventory to sell, but order books full. So far your recession is disappointing.....

[mousepad]

$this->bbcode_second_pass_quote('Plantagenet', '
')Sounds like a recipe for a recession to me.

[Plantagenet]

$this->bbcode_second_pass_quote('mousepad', ' ') I honestly can't see anything negative about all this. Can you?
Look, I found a picture, too.

[AdamB]

China’s state-owned oil refining giants are speeding up purchases of Russian crude, citing the allure of cheap cargoes from the OPEC+ producer as demand recovered after Covid Zero was ditched.
China’s Oil Giants Want More Russian Crude

[Outcast_Searcher]

$this->bbcode_second_pass_quote('AdamB', 'C')hina’s state-owned oil refining giants are speeding up purchases of Russian crude, citing the allure of cheap cargoes from the OPEC+ producer as demand recovered after Covid Zero was ditched.
China’s Oil Giants Want More Russian Crude

[ROCKMAN]

Not just oil: Russia started selling natural gas to China at the end of 2019 via the Power of Siberia pipeline, which supplied about 10 billion cubic metres (bcm) of gas in 2021 and is due to reach its full capacity of 38 bcm in 2025.Dec 21, 2022. This pipeline was a response to the EU pissing on Russia years ago as well as the Ukraine stealing NG that transited thru to the EU. The EU demanded that pay only what flowed thru its meters and not those a the Russia/Ukraine border. And how did this new pipeline affect the EU:

In 2021, Russia was supplying EU countries with 40% of their natural gas, with Germany the largest importer, followed by Italy and the Netherlands. That had dropped to around 17% by August 2022, according to EU figures. In 2021, the UK got just 4% of its gas supply from Russia. How much: Russia exported natural gas supplies in 2021 that based on prices at the time, brought in an estimated $55.5 billion.

Russia is the world’s largest natural gas exporter. It exported 238 billion cubic meters in 2020. according to the BP Statistical Review of World Energy.

Lots of maps to check out:

https://www.google.com/search?q=russia+ ... =657&dpr=1

[Plantagenet]

Biden's plan done in conjunction with the EU to sanction Russian oil exports has been a farce and an abysmal failure.

biden-signs-russia-sanctions

The reason is clear.......Biden and the EU are unwilling to take the steps necessary to truly sanction Russian oil exports.

Russia has totally circumvented the sanctions put in place by the US and the EU by switching to exporting oil and NG to China and to a much lesser degree to India, who then benefit from cheap Russian oil for their own economies. In addition, India and China have suddenly become oil exporters because they are re-exporting Russian oil out into the world market where it is sold freely as though it wasn't Russian oil, even to countries in the EU who are supposedly sanctioning Russian oil.

If Biden and the EU really wanted to sanction Russian oil, they would have responded by putting sanctions on the Indian and Chinese and EU companies that are currently buying and using Russian oil-----but Biden and the EU didn't take that necessary step, leaving China and India free to buy Russian oil and re-export Russian oil and other countries....including countries in the EU itself free to buy Russian oil as long as it goes through China first..



Cheers!

[Tuike]

Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in View -yahoo/bloomberg
It all comes down to China: The world’s second-biggest oil consumer is snapping up crude after reversing its strict Covid-19 policies. Against a backdrop of tight supply, the demand boost has everyone from Goldman Sachs Group Inc. to trading powerhouse Vitol Group predicting a rally to $100 a barrel later this year. By the second half of the year, analysts say, the market will face a shortage — a scenario that will loom over the industry leaders meeting this week in Houston for CERAWeek by S&P Global, a major annual energy conference.

If there is a liquid energy shortage later this year, perhaps more posts will appear to po.com.

[AdamB]

$this->bbcode_second_pass_quote('Tuike', '
')If there is a liquid energy shortage later this year, perhaps more posts will appear to po.com.

[Plantagenet]

$this->bbcode_second_pass_quote('Tuike', ' ')Against a backdrop of tight supply, the demand boost has everyone from Goldman Sachs Group Inc. to trading powerhouse Vitol Group predicting a rally to $100 a barrel later this year. By the second half of the year, analysts say, the market will face a shortage —[/i]

[theluckycountry]

Well it has to go over 100 eventually, inflation dictates that, pure and simple. We're on the rollercoaster ken Deffeys spoke of in the early 00's. He was the only one, or one of the only ones, that understood what would happen after the peak of conventional oil. Up and down, Up and down, price volatility till underverse come.

[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', 'k')en Deffeys spoke of in the early 00's. He was the only one, or one of the only ones, that understood what would happen after the peak of conventional oil. Up and down, Up and down, price volatility till underverse come.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'W')ell it has to go over 100 eventually, inflation dictates that, pure and simple.

[theluckycountry]

$this->bbcode_second_pass_quote('mousepad', '
')
Up and down has nothing to do with peak of conventional. Here's historical oil price chart.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Here, try this one, but it's still adjusted for inflation.

[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', '
')HaHaHa Do you work as a statistician for the government or something mousepad? If that chart hadn't matched your opinion would you have sought one out that was hedonically adjusted as well?

Here, try this one, but it's still adjusted for inflation.

[kublikhan]

$this->bbcode_second_pass_quote('theluckycountry', 'W')ere Australian's paying super high prices back then in the 70's too? No, the exchange rate meant we were buying petrol at around the same price basically.