Michael Lynch: The Curious Incident Of The Oil Supply That Didn’t Decline

Interestingly, there are still peak oil advocates who think that we’ve reached peak oil now, despite the fact that shale oil production is still growing, OPEC+ has about 1.5 mb/d of production shut-in due to weak prices, while Venezuela, Libya, Iran and Nigeria are all experiencing difficulties that have closed down temporarily 3 mb/d or more, much of which is likely to return to market in the next few years.

Still Ron Patterson asks, “Was 2018 the peak for crude oil production?” and Gail Tverberg says, “Given the nearly worldwide problem of falling affordability of goods by non-elite workers, we should not be surprised if the peaks in oil production in October and November 2018 ultimately prove to be the maximum production ever recorded.” The former is merely looking at recent production trends, the latter believes that consumers can’t afford the prices producers need to invest in new capacity. Neither argument impresses me.

More seriously, the IEA’s new five year forecast predicts that the “call on OPEC,” roughly world demand minus non-OPEC production, will drop for a year or two, then rise by 2 mb/d over four years. For old-timers, this is reminiscent of the “hockey-stick” forecasts seen for many years for oil prices, electricity demand, etc., wherein the forecaster could see weakness in the near-term, but further out expected strength. Most times, reality proved to be different.

To a degree, this is an example of what could be called the horizon effect, that is, assuming different behavior beyond the clearly visible future. Usually it means that the forecaster has a bias or underlying theory that drives their forecast beyond the point at which real world behavior can be seen. In the case of oil supply, this is an example where much of what is happening cannot be seen, but a pessimistic bias leads to pessimism in the forecast.

I first commented on this back in 1987, in a conference paper titled, “The Underprojection of Non-OPEC Third World Oil Production,” which noted that nearly every forecast for oil production from non-OECD, non-OPEC countries showed a short-term increase, then a peak and decline. (The figure below shows DOE forecasts for this region from 1980 to 1994.) This puzzled me, since the level of exploitation in those countries was trivial and most needed oil revenue, which led me to conclude that this was result of neo-Malthusian bias, something I later noted began after the Iranian Oil Crisis, which caused many to conclude that oil was geologically scarce. James Schlesinger, for example, thought world oil production would never surpass 65 mb/d (it’s 100 now.)

There’s a real there, there, so to speak. Early supply forecasting relied on elasticities, that is, if prices went up, so would supply by an amount to be determined empirically. This failed to work because higher prices led to both higher costs and more resource nationalism.

On the other hand, simply adding up production plans from large companies or announced field developments didn’t work very well either, because there was a large amount of small scale work, mostly in existing fields, that added to oil supply but wasn’t very visible. No one has successfully modeled that to my knowledge, and many forecasters tend towards conservatism:  if you can’t see it explicitly, assume it’s not there. This is most relevant beyond the immediate future, so that the horizon effect often means a hockey stock project: near-term increases followed by a decline.

Examining the latest five year forecast from the IEA, some of this is obvious. While the forecast for non-OPEC supply has for years shown a rising trend, it has been regularly revised upwards, as the figure shows, primarily as U.S. shale production has outperformed expectations.

However, it is also worthy of note that the Former Soviet Union has continued to produce increasing amounts of oil, and more than projected. Indeed, this follows the hockey-stick pattern more than the total for non-OPEC production, which is telling because the Russian upstream especially is less transparent than many others. Which implies that perhaps the IEA forecasters are subject to Malthusian bias when they predict oil supply, or are simply conservative when information is of poor quality.

Needless to say there are many things that can cause future production to be below expectations, including heightened resource nationalism in countries like Mexico and Brazil, more technical problems in Kashagan, and of course, lower oil prices.  But it is worth keeping in mind that predictions of declining oil supply are often driven by assumptions which can prove mistaken. If FSU production does not decline as the IEA expects, the challenge for OPEC+ will be significantly greater.

Forbes

73 Comments on "Michael Lynch: The Curious Incident Of The Oil Supply That Didn’t Decline"

I AM THE MOB on Wed, 20th Mar 2019 1:06 pm 



Poor ugly Michael..I have challenged him numerous times on Twitter and he never responds..

University of California: Environmental Science & Technology (Malyshkina 2010)

1. It Will Take 131 Years to Replace Oil with Alternatives

2. World oil production will peak between 2010-2030

3. World proven oil reserves gone by 2041

https://www.scribd.com/document/394656677/Future-Sustainability-Forecasting-by-Exchange-Markets-Basic-Theory-and-an-Application-Malyshkina-2010

A global energy assessment (Jefferson 2016)

An extensive new scientific analysis conducted by the Former Chief Economist Michael Jefferson at Royal Dutch Shell published in Wiley Interdisciplinary Reviews titled “A Global Energy Assessment 2016” : says “that proved conventional oil reserves as detailed in oil industry sources are likely “overstated” by half.” & “punt bluntly,the standard claim that the world has proved conventional oil reserves of nearly 1.7 trillion barrels is overstated by about 876 billion barrels. Thus, despite the fall in crude oil prices from a peak in June 2014, after that of July 2008, the “peak oil” issue remains with us.”

The World in the 21st Century is faced with huge challenges that go far beyond, but importantly include, energy challenges on the supply, access, and use sides. So severe are these challenges, mainly arising from the demands of a rapidly increasing human population on the Earth’s limited resources, that the future existence of large numbers of people may be threatened with extinction. In that sense, we may be observing the twilight of the Anthropocene (Human) Age.
https://www.scribd.com/document/394043449/A-Global-Energy-Assessment-Jefferson-2015

Projection of world fossil fuels by country (Mohr, 2015) Fuel

Over 900 different regions and subfuel situations were modeled using three URR scenarios of Low, High, and Best Guess. All three scenarios indicate that the consistent strong growth in world fossil fuel production is likely to cease after 2025. The Low and Best Guess scenarios are projected to peak before 2025 and decline thereafter. The High scenario is anticipated to have a strong growth to 2025 before stagnating in production for 50 years and thereafter declining.
https://www.scribd.com/document/375110317/Projection-of-World-Fossil-Fuels-by-Country-Mohr-2015

IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000

Saudi Arabia’s Energy Minister Warns of World Oil Shortages Ahead
https://www.wsj.com/articles/saudi-minister-sees-end-of-oil-price-slump-1476870790

There will be an oil shortage in the 2020’s, Goldman Sachs says
https://www.cnbc.com/2018/11/09/goldman-sachs-there-will-be-an-oil-shortage-in-the-2020s.html

Wood Mackenzie warns of oil and gas supply crunch
https://www.ft.com/content/a1eb0e58-d7a4-11e8-ab8e-6be0dcf18713

Imminent peak oil could burst US, global economic bubble – study
https://www.theguardian.com/environment/earth-insight/2013/nov/19/peak-oil-economicgrowth

German Military (leaked) Peak Oil study: oil is used in the production of 95% of all industrial goods, so a shortage of oil would collapse the world economy & world governments
https://www.scribd.com/document/387459134/german

Dredd on Wed, 20th Mar 2019 2:46 pm 



Oil-Qaeda forgets things.

Federal Judge Blocks Trump Administration from Drilling on Federal Land

I AM THE MOB on Wed, 20th Mar 2019 3:57 pm 



Humans are not psychological equipped to fully appreciate existential threats.

https://io9.gizmodo.com/your-brain-wont-allow-you-to-believe-the-apocalypse-cou-5848857

Cloggie on Wed, 20th Mar 2019 4:28 pm 



“Ford accelerates electric vehicle investment”

https://www.bbc.com/news/business-47644323

I AM THE MOB on Wed, 20th Mar 2019 4:53 pm 



African immigrant bus driver in Italy torches school bus full of children

https://www.bbc.com/news/world-europe-47642298

HAHA!

Boat on Wed, 20th Mar 2019 5:29 pm 



Demand is strong, production is strong. Nothing new.

I AM THE MOB on Wed, 20th Mar 2019 5:52 pm 



Trump to host Israel’s Netanyahu March 25-26: White House

https://www.reuters.com/article/us-usa-israel/trump-to-host-israels-netanyahu-march-25-26-white-house-idUSKCN1R121H

Best friends have got to stick together! No president has ever bent over and taken in the ass from Israel like Trump..

I AM THE MOB on Wed, 20th Mar 2019 6:49 pm 



Check out the top comment on Michael Lynch’s book “The peak oil scare”..One of only five comments..

1.0 out of 5 stars

A very badly written summary of good information

May 26, 2018
Format: Hardcover Verified Purchase

“This book is a big disappointment. Professionally, I’ve been a fan of the author, Michael Lynch, for some time. He’s a deeply knowledgeable petroleum market expert and I’ve often turned to his essays (and more recently, his tweets) to debunk the widespread misinformation that so often pervades discussions about oil. So I had high hopes for this book when I ordered it.

Unfortunately, it is no more than a poorly written, very under-edited assemblage of commentary. Not that he doesn’t offer some good information and analysis in the book; he does. Rather, it is poorly organized, often repetitive and comes across just a series of snarky complaints about peak oil theorists and others who get things wrong about petroleum supply. My sense is that he either didn’t want an editor or just drove any decent editor away with his prickliness, so that the publisher just gave up trying to help him write a good book and let him publish what amounts to one big long rant.

Lynch’s wisdom does deserve a book, but what he wrote is a disservice to himself and the potentially wide readership that would benefit from his perspectives. Oh well. I finally gave up trying to read it and just flipped through most of the book to mentally note the data and sources that might be useful for me in the future.

Don’t waste your money on the book. Just browse through his columns on Forbes and elsewhere, or google for his older essays and papers, many of which are readily available on the web.”

Jef on Wed, 20th Mar 2019 6:57 pm 



A better question might be “is the oil being produced a boon to humanity like it use to?”.

Are oil producing countries providing their populations ten cents gas and diesel? Are they providing cheap energy, food, everything else?

Mi na tink so.

Davy on Wed, 20th Mar 2019 8:45 pm 



Welcome back Boat!

Me n you are obviously the most smartest guys on the board.

Majed on Wed, 20th Mar 2019 9:16 pm 



According to my calculation:
1- US LTO will peak around year 2036
2- World liquids will peak around 2050 mainly
because of under-investment outside OPEC and LTO decline.

makati1 on Wed, 20th Mar 2019 9:28 pm 



Yes, Boat, welcome back. Now Delusional Davy has an equal in the lower IQ level. He and MOB are vying for first place in the retard contest. He needed another competitor as it has been a tie so far.

makati1 on Wed, 20th Mar 2019 9:37 pm 



Majed, what happens to your prognostication when the SHTF and the oil wells are shut down due to lack of demand? And/or, in the case of fraked oil, debt and bankruptcy? What happens if there is a major war in the next few years? Do you factor in realities or just put a ruler on the history charts and draw a straight line? anyone can do that.

I love how so many predictions way out there claim to be fact when they cannot even tell us the price of oil next week or the total production next year. A bunch of chicken guts readers pretending to be intelligent. Just like economists and financial advisors. LMAO!

IF oil was reported by the amount of NET energy it contains, it would tell us that it peaked long ago and we are just pretending it hasn’t by counting barrels of anything that can burn instead of it usefulness.

I AM THE MOB on Wed, 20th Mar 2019 10:30 pm 



Beto O’Rourke Slams Benjamin Netanyahu, Saying Israeli Has “Openly Sided With Racists”

https://theintercept.com/2019/03/20/beto-orourke-slams-benjamin-netanyahu-saying-israeli-openly-sided-racists/

Majed on Wed, 20th Mar 2019 10:32 pm 



Dear Makati, If you ask 1000 experts about their Oil projection you will get 1000 answers and none of them will be matching reality (including my projection). And even one of them turned to be correct, it would have been a just mere coincidence.
Regarding peak demand, I believe it will happen only under high oil price environment.
I looked at EV growth potential, new types of batteries potential, speed of raw materials mine development and its limits.
I also investigated Turks, Aviation and Navigation, as well as petrochemicals, lubes, power generation.
Finally, I looked at Gas-Oil price interchangeability and Non-US shale development.
All what I am trying to do is to try to have some guess about oil future using detailed calculation approach.

I AM THE MOB on Wed, 20th Mar 2019 10:44 pm 



Pete Buttigieg says ‘disruption’ of blue-collar industries has helped fuel white nationalism

Mayor Pete Buttigieg of South Bend, Indiana, a 2020 presidential candidate, argued that a rise in white nationalism and domestic terrorism in the US is tied to economic insecurity and the transformation in blue collar industries in the US.

“As we see dislocation and disruption in certain parts of the country, from rural areas to my home in the industrial Midwest, and in the economy, this leads to a kind of disorientation and loss of community and identity,” the Indiana Democrat said in an interview with the Washington Post published Tuesday.

https://www.businessinsider.com/pete-buttigieg-blue-collar-jobs-white-nationalism-2019-3

makati1 on Thu, 21st Mar 2019 12:22 am 



Majed, and you assume that anyone gives a damn when peak oil is or was? The only ones who might be desperate for info are oily suckers invested in the market casino, hoping to get rich. Better they go to one of Trumps casinos and spend their money. At least they will get a free meal or drinks and have some fun. What percentage of comments in this PO site are actually oil related? Answer: Very small. No one gives a damn.

Less than 50% of Americans have any investment in the market casino and most of them are thru some plan like 401k. They have little or no idea what their money is invested in but they are soon going to find out just how much their lack of interest and stupidity is going to cost them when the SHTF and their “retirement” plans are worth zero.

Cannot happen you say? Well, when there are zero people willing (or able) to buy their stock (house/business/etc.) it is worth zero. That day is fast approaching. The generation of Americans, that the old retirees are planning to sell their mega-mansions to, are so deep in debt they cannot even afford rent in a cheap neighborhood and live in Mom’s basement.

Ditto for stocks. The “American Dream” is becoming the “American Nightmare”. Trump is busy isolating the US from the rest of the world. No one from outside will want to buy into anything in the US for fear of it being confiscated by the government. There will be an ongoing exodus of educated, intelligent Americans as the gates begin to close. Wait and see.

Cloggie on Thu, 21st Mar 2019 2:23 am 



“Pete Buttigieg says ‘disruption’ of blue-collar industries has helped fuel white nationalism”

Wrong. Mass third world immigration has, nothing else. Now we’ll have ever increased ethnic competition until the breaking point has been reached and civil war, ethnic cleansing, rape and genocide will set in and countries will fall apart. For North-America this is already inevitable because it has the worst demographics of them all.

Cloggie on Thu, 21st Mar 2019 2:26 am 



It.has.happened

Populists largest party in formerly libtard Holland

https://www.telegraaf.nl/nieuws/3325423/prognose-forum-voor-democratie-kreeg-meeste-stemmen

makato translation on Thu, 21st Mar 2019 5:13 am 



“Yes, Boat, welcome back. Now Delusional Davy has an equal in the lower IQ level.”

Davy has kicked my ass along with juanO, and anno (the gang of duds) and I have high blood pressure over it. We have been neutered especially juanO my right hand man.

More JuanO nonsense on Thu, 21st Mar 2019 5:15 am 



Davy on Wed, 20th Mar 2019 8:45 pm
Welcome back Boat!
Me n you are obviously the most smartest guys on the board.

Davy on Thu, 21st Mar 2019 5:18 am 



“I looked at EV growth potential, new types of batteries potential, speed of raw materials mine development and its limits. I also investigated Turks, Aviation and Navigation, as well as petrochemicals, lubes, power generation. Finally, I looked at Gas-Oil price interchangeability and Non-US shale development. All what I am trying to do is to try to have some guess about oil future using detailed calculation approach.”

One very possible and promising potential is hydrogen. You did not mention that.

Not Davy on Thu, 21st Mar 2019 5:29 am 



Davy on Thu, 21st Mar 2019 5:18 am

Davy on Thu, 21st Mar 2019 5:32 am 



“Yes, Boat, welcome back. Now Delusional Davy has an equal in the lower IQ level.”

Shutup makato dumbass.

Everyone knows that Boat is way smarter then me stupid.

More mindless juanO shit on Thu, 21st Mar 2019 6:01 am 



Not Davy on Thu, 21st Mar 2019 5:29 am
Davy on Thu, 21st Mar 2019 5:18 am
Davy on Thu, 21st Mar 2019 5:32 am
“Yes, Boat, welcome back. Now Delusional Davy has an equal in the lower IQ level.”
Shutup makato dumbass.
Everyone knows that Boat is way smarter then me stupid.

I AM THE MOB on Thu, 21st Mar 2019 6:55 am 



CLogg

That is BS..It’s the economy stupid, that if fueling nationalism just like it did during the great depression..

Remember the German Army peak oil study predicted this all back in 2010..

From the report;

“Historical OECD studies show that only an increase and rise in prosperity can lead to open and tolerant societies..And set backs in economic growth lead to a rise in nationalism and extremism.”
https://www.scribd.com/document/387459134/german
https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG…

They accurately predicted the rise of Trump/Brexit and the far right populist movements.

What else does the report forecast?

“Oil is used in the production of 95% of all industrial goods, so a shortage of oil would collapse the world economy & world governments”

Wow! And the IEA, Saudi’s and Goldman Sachs have just recently warned about an upcoming oil shortage.
https://www.wsj.com/…/iea-says-global-oil-discoveries-at-re…
https://www.wsj.com/…/saudi-minister-sees-end-of-oil-price-…
https://www.cnbc.com/…/goldman-sachs-there-will-be-an-oil-s…

The more you know!

I AM THE MOB on Thu, 21st Mar 2019 7:08 am 



Clogg

Europe’s economic growth (GDP) peaked forty years ago..That’s what is fueling nationalism and extremism..That is also why woman dont want to have babies and social optimism is so low..

Europe’s GDP

1973 5.4%

2016 1.6%

Source: World Bank
https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locati&locations=EU

Any questions?

Get an education you know nothing low IQ moron.
From the report;

“Historical OECD studies show that only an increase and rise in prosperity can lead to open and tolerant societies..And set backs in economic growth lead to a rise in nationalism and extremism.”
https://www.scribd.com/document/387459134/german
https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG…

They accurately predicted the rise of Trump/Brexit and the far right populist movements.

What else does the report forecast?

“Oil is used in the production of 95% of all industrial goods, so a shortage of oil would collapse the world economy & world governments”

Wow! And the IEA, Saudi’s and Goldman Sachs have just recently warned about an upcoming oil shortage.
https://www.wsj.com/…/iea-says-global-oil-discoveries-at-re…
https://www.wsj.com/…/saudi-minister-sees-end-of-oil-price-…
https://www.cnbc.com/…/goldman-sachs-there-will-be-an-oil-s…

The more you know!

Michael Lynch on Thu, 21st Mar 2019 7:08 am 



Mob, it’s funny that you actually admit you are only quoting one of five reviews of my book on Amazon, and the only negative one. That is what grownups call selection bias, and it means you are acting like Sen. Imhofe holding up a snowball in Congress saying how can there be global warming.

Hello on Thu, 21st Mar 2019 8:32 am 



>>>>> Historical OECD studies show that only an increase and rise in prosperity can lead to open and tolerant societies..

Exactly !!! If you’re so fat yourself you don’t mind dragging a negro along. But when times get tough…. That’s why peak oil was such an attractive concept. It would have single-handedly saved the west from selfdestruction by sludging. Too bad it didn’t come to pass.

Sissyfuss on Thu, 21st Mar 2019 9:18 am 



Michael, forgive our petulant Mobster his bias. He’s wet behind the ears and still dumping in his diapers. Like many of his generation, his refusal to leave his mothers basement clouds his perception.

Davy on Thu, 21st Mar 2019 9:33 am 



“US “Oil Weapon” Could Change Geopolitics Forever”
https://tinyurl.com/y4few8dr oil price dot com

“U.S. oil production hit a staggering 12.1 million b/d in February, while that amount has been projected to stay around that production mark in the mid-term then increase in the coming years. The U.S. is the new global oil production leader, followed by Russia and Saudi Arabia, while Saudi Arabia is still the world’s largest oil exporter – a factor that still gives Riyadh considerable leverage, particularly as it works with Russia, and other partners as part of the so-called OPEC+ group of producers. However, Saudi Arabia’s decades-long role of market swing producers has now been replaced by this coalition of producers, reducing Riyadh’s power both geopolitically and in global oil markets. In short, what Saudi Arabia could once do on its own, it has to do with several partners. Meanwhile, U.S. crude oil production, particularly in the Gulf Coast region, is still increasing. In November 2018, U.S. Gulf Coast crude oil production set a new record of 7.7 million b/d, the IEA report added. However, since most of the oil produced in the U.S. is light sweet crude, the U.S. still has to rely on heavier crude blends from Saudi Arabia, Venezuela and others since most American refineries are configured to process heavy crude. On the other hand, a surplus of light sweet crude allows the U.S. to export more oil thus giving the country growing energy geopolitical power once enjoyed almost exclusively by Saudi Arabia and Russia. The increasing amount of U.S. crude being exporter, along with the increasing amount of U.S. LNG being imported (with exports of both fuels projected to increase) is changing energy geopolitics.”

Davy on Thu, 21st Mar 2019 11:09 am 



“Report: U.S. Oil and Gas Expansion Threatens to Unleash Climate Pollution Equivalent to nearly 1,000 Coal Plants”
http://tinyurl.com/y6m3cjh2 price of oil dot org

““Our findings present an urgent and existential emergency for lawmakers in the United States at all levels of government. The oil and gas industry is expanding further and faster in the United States than in any other country at precisely the time when we must begin rapidly decarbonizing to prevent runaway climate disaster,” said Kelly Trout, report co-author and senior research analyst at Oil Change International. “We’re at this crisis point because of failing political decisions to allow unfettered fracking, permit a massive buildout of pipelines, lift the crude export ban, and subsidize a climate-wrecking industry with billions of taxpayer dollars. If U.S. leaders do not start saying ‘no’ to this industry and put policies in place for a managed decline of fossil fuel production, they could cripple the world’s chances of staving off climate catastrophe.”

This is a JuanO posting on Thu, 21st Mar 2019 11:15 am 



JuanP not Davy

Davy on Thu, 21st Mar 2019 11:09 am

JuanO is one of Davy’s Many Sock Puppets on Thu, 21st Mar 2019 12:03 pm 



This is a JuanO posting on Thu, 21st Mar 2019 11:15 am

JuanO the liar on Thu, 21st Mar 2019 12:05 pm 



JuanO nonsense. JuanO is a liar too.

JuanO the liar on Thu, 21st Mar 2019 12:18 pm 



Who is JuanO Davy?

I AM THE MOB on Thu, 21st Mar 2019 12:34 pm 



Michael

Every thing is a bias to you huh? And my comment was that it was the top comment..I never said the only.

Don’t you ever get tired of arguing straw man’s?

You can write all the fake news you want for corporate media..but it doesn’t change the science..

Davy on Thu, 21st Mar 2019 12:41 pm 



MOB, give it a rest. You are a liar and Bias. You and JuanP are a disgrace to this forum. The both of you have helped wreck it. Fuck you both.

I AM THE MOB on Thu, 21st Mar 2019 12:53 pm 



Davy

You have turned into a salt mine..beta cuck!

Robert Inget on Thu, 21st Mar 2019 12:55 pm 



Breaking:

Trump says it’s time for US to recognize ‘Israel’s Sovereignty over the Golan Heights’
Jeremy Diamond byline
By Jeremy Diamond, CNN

Updated 1:44 PM ET, Thu March 21, 2019

(CNN)President Donald Trump on Thursday overturned longstanding US policy regarding the Israeli-occupied Golan Heights, announcing “it is time” for the US to “fully recognize Israel’s sovereignty” over the region.

“After 52 years it is time for the United States to fully recognize Israel’s Sovereignty over the Golan Heights, which is of critical strategic and security importance to the State of Israel and Regional Stability,” Trump tweeted.
The announcement hands Israeli Prime Minister Benjamin Netanyahu a significant foreign policy victory, less than three weeks before Israelis head to the polls to decide whether he should remain in power. The move comes just days before Netanyahu is set to join Trump at the White House and follows weeks during which Netanyahu has renewed his push for the US to recognize the Golan Heights as part of Israel.
Trump to host Netanyahu just two weeks before Israeli elections
Trump to host Netanyahu just two weeks before Israeli elections
Israel captured the Golan Heights from Syria during the Six-Day War of 1967 and formally annexed the territory in 1981. But that annexation has not been recognized by the international community, which has regarded the Golan Heights as occupied territory and Israeli settlements there as illegal under international law.
Trump enjoys sky-high approval ratings in Israel, and his embrace of Netanyahu so close to the elections, coupled with delivering a long-sought recognition, could impact the outcome of the Israeli election.
Netanyahu quickly took to Twitter to thank Trump, tweeting: “At a time when Iran seeks to use Syria as a platform to destroy Israel, President Trump boldly recognizes Israeli sovereignty over the Golan Heights. Thank you President Trump! @realDonaldTrump.”
It was not clear if the White House would release additional information or specifics about the move to recognize the Golan Heights as part of Israel beyond Trump’s tweet.
Former US Defense Secretary Leon Panetta, who served under President Barack Obama, said the move “raises a lot of concern” and said it is difficult to not see this as an attempt to buttress Netanyahu’s chances of remaining prime minister.
“It’s hard not to put two and two together,” Panetta said on CNN. “The President has made clear his support for Netanyahu.”
CNN’s Andrew Carey contributed to this report.

Robert Inget on Thu, 21st Mar 2019 1:09 pm 



http://www.livecharts.co.uk/MarketCharts/crude.php

Every Effort to lower the POO is being made.
To no avail. See chart.

As for Trump, his move (to annex Golan) won’t be taken well by Russia. Clearly he didn’t think this
through when he decided to help out his buddy and fellow criminal Netanyahu.

Putin may well decide to drop a dime on Trump if he determines his usefulness is finished.
After all, Putin’s goal is to discredit BOTH the
US and Israel. If he can do that with a single stroke, he will.

JuanO the liar on Thu, 21st Mar 2019 1:52 pm 



So much anger, hatred, intolerance, and resentment Davy.

Was widdle beaten up as a child?

Davy on Thu, 21st Mar 2019 2:00 pm 



“ Fuck you both.”

Oops, sorry for losing my shit again everyone.

JuanO is projecting on Thu, 21st Mar 2019 2:16 pm 



JuanO the liar on Thu, 21st Mar 2019 1:52 pm

So much anger, hatred, intolerance, and resentment Davy.
Was widdle beaten up as a child?
Davy on Thu, 21st Mar 2019 2:00 pm

“ Fuck you both.”
Oops, sorry for losing my shit ag

JuanO is Davy’s Sock Puppet on Thu, 21st Mar 2019 2:20 pm 



JuanO is projecting on Thu, 21st Mar 2019 2:16 pm

Davy on Thu, 21st Mar 2019 2:31 pm 



“NJ Governor Signs “Rain Tax” Bill; Residents’ Property Rates Rise “Based On The Weather””
http://tinyurl.com/y5buv8tv zero hedge

“In what is one of the most corrupt and vile things to have ever happened to the American political system, residents of New Jersey will now be taxed when something 100% out of their control happens. New Jersey’s governor Phil Murphy signed 19 bills into law on Monday, one of which, was the so-called “rain tax.””

“There is nothing more disturbing that the current political path the United States is currently on. It’s downright horrifying, actually.”

This is a JuanO post on Thu, 21st Mar 2019 2:39 pm 



“NJ Governor Signs “Rain Tax” Bill; Residents’ Property Rates Rise “Based On The Weather””

More JuanO nonsense on Thu, 21st Mar 2019 2:40 pm 



JuanO is Davy’s Sock Puppet on Thu, 21st Mar 2019 2:20 pm

JuanO is projecting on Thu, 21st Mar 2019 2:16 pm

JuanO the liar on Thu, 21st Mar 2019 2:52 pm 



This is a JuanO post on Thu, 21st Mar 2019 2:39 pm

More JuanO nonsense on Thu, 21st Mar 2019 2:40 pm

More DavyO nonsense on Thu, 21st Mar 2019 3:38 pm 



See everything in this entire thread. And every other thread where More Davy Sock puppetry and Socks has shared his nuttery.