Oil market braces for ‘a major supply shock’

42 Comments on "Oil market braces for ‘a major supply shock’"

Cloggie on Sat, 4th Aug 2018 4:06 pm 



“Under different scenarios, Iranian supplies could drop as much as 0.8 million barrels per day. In turn, for every 1 million barrels per day imbalance, we see a price impact on Brent of around $17,” they added.“

If Iranian oil vanishes from the market, all oil from the Gulf will vanish.

Russia is going to love $150+ oil.

MASTERMIND on Sat, 4th Aug 2018 4:54 pm 



Clogg

Russia won’t love when the global economy collapses..You are so dense and so obsessed with Putin and politics..

Cloggie on Sat, 4th Aug 2018 4:59 pm 



I said that Russia will love $150+ oil and would add to that, that the announced standoff US-Iran will drive Europe, Russia and China together, with Russia holding all the decisive energy cards. That is what Russia will love most: America completely cornered and isolated.

Harquebus on Sat, 4th Aug 2018 5:15 pm 



We are all going to be isolated. Get ready.

GregT on Sat, 4th Aug 2018 5:50 pm 



MM,

“Russia won’t love when the global economy collapses..You are so dense and so obsessed with Putin and politics..”

The global economy, as you call it, didn’t exist anywhere near to the same extent when I was your age, as it exists today. Most of what we had available to us was grown, or manufactured, here in North America.

The big issue, as you continue to point out, will be that of energy. Those countries who are still net exporters of oil, will be laughing all the way to the bank as oil prices continue to rise, especially those countries who don’t rely on as much oil as we do here in NA for our domestic economies.

Sorry dude, but Cloggie is correct. $150/bbl oil will be great for Russia. Not so great for us here in NA. Expect much lower standards of living. Move sooner rather than later, and plant yourself a vegetable garden.

twocats on Sat, 4th Aug 2018 5:55 pm 



oil is energy is value. in a world filled with funny-money – a massive conflagration would absolutely help russia. they are poised to succeed in this new world of brutality and straight power politics. americans are still living in post-WWII values of dialogue and cooperation, globalism, american exceptionalism, etc

MASTERMIND on Sat, 4th Aug 2018 6:17 pm 



IEA: Russia’s oil output to reach its peak in 2020
http://vestnikkavkaza.net/news/IEA-Russia%E2%80%99s-oil-output-to-reach-its-peak-in-2020.html

Russia’s days are numbered..

Duncan Idaho on Sat, 4th Aug 2018 6:17 pm 



Oil is going to get scarce, by the end of the year.
We shall see—
(It won’t be until the early 2020’s that will will see major reductions, and they can probably keep the game together for a while.
But maybe not.

Davy on Sat, 4th Aug 2018 6:39 pm 



Wow, Greygoar, I have something to document for future reference, good boy, you are finally catching on to better behavior. Too bad your comment is not perfect.

“The big issue, as you continue to point out, will be that of energy. Those countries who are still net exporters of oil, will be laughing all the way to the bank as oil prices continue to rise, especially those countries who don’t rely on as much oil as we do here in NA for our domestic economies.”
“Sorry dude, but Cloggie is correct. $150/bbl oil will be great for Russia.”

Sorry dude, oil at that price will likely derail the fragile global economy sending oil prices back down maybe lower than what Russia can stand. There very well could be a short party period for these countries then back to skid row. Greygoar the problem with you is your anti-American agenda and pro-Russian leanings. These always get in your way of objectivity and balance.

GregT on Sat, 4th Aug 2018 7:17 pm 



“Sorry dude, oil at that price will likely derail the fragile global economy sending oil prices back down maybe lower than what Russia can stand. There very well could be a short party period for these countries then back to skid row. Greygoar the problem with you is your anti-American agenda and pro-Russian leanings. These always get in your way of objectivity and balance.”

The sooner the global economy collapses, the better Davy, and regardless of price, Russia is still a net exporter of oil.

And Davy, skid row is subjective. What you consider to be skid row, and what most Eastern Europeans consider to be skid row, are two very different things. Let’s just say that it isn’t going to go over very well with the gangs of St. Louise, within a few days walking distance from grandpa’s estate farm.

If you haven’t done so already, you should get your Italian papers in order soon buds, before your owners will no longer let you escape.

You might also consider becoming good buddies with the family’s private jet pilot, at least that’s what I would do if I was a .0001%er spoiled filthy rich boy like you.

Oh and Davy, try not to forget about the lynch mobs.

LOL

GetAVasectomyAndLetTheHumanSpecieDieGracefully on Sat, 4th Aug 2018 7:28 pm 



I am sure why I am commenting of this blog. This blog is full of kids with no life experience.

You have to be blind to not see the collapsing that is going now because of overpopulation and peak oil.

Desperate immigrants are now pouring in into white countries like Canada, France because their home countries are now collapsing and cannot support life anymore.

Was having a coffee in a Montreal shopping center. I was sit in a public area that had 10 seats. I was the only white people in this area and I was surrounded by 9 people of arab origin.

There could be 2 explanation to that. Either the government is lying about immigration figures and more immigrant are moving into white countries that official reported.

Could also be that white people of Nordic origin (blue and green eye type) like German, Swedish, Austria people are going extinct much faster then reported by official agencies.

I even a Muslin women praying on the floor of the shopping center in the middle of the public area. Canada is now a shit hole. The main cities are mainly Arab, Chinese, Indian. White have moved in the country site.

I am 50 yo and I rember a time with plenty of good paying jobs and opputine and only white people.

This is all gone now. I am now waiting for a chock that will kill western countries and the technological development and modernity created by white people will die with them.

The only white countries that might survive will be Poland and Russia.

GetAVasectomyAndLetTheHumanSpecieDieGracefully on Sat, 4th Aug 2018 7:31 pm 



I cannot be bother to read proof my comments. I don’t take this blog seriously and don’t want to make any effort to write grammatically correct comment

Davy on Sat, 4th Aug 2018 7:32 pm 



“The sooner the global economy collapses, the better Davy, and regardless of price, Russia is still a net exporter of oil.”
What?? Who says the sooner the global economy collapses the better? You, Mr. snug up in those BC hills who could give a shit about billions who will die. A rich bastard like you doesn’t care.

So what Russia is a net exporter of oil. It cost money to produce and export oil. Do you think they are going to give it away?

“And Davy, skid row is subjective. What you consider to be skid row, and what most Eastern Europeans consider to be skid row, are two very different things.”
Greygoar, it was an expression that zoomed way over your itty bitty mind.

“Let’s just say that it isn’t going to go over very well with the gangs of St. Louise, within a few days walking distance from grandpa’s estate farm.”
First, it is St. Louis not St. Louise. What is this about gangs a few days walk to my farm? Do you realize how few gang members there are in St Louis? No you wouldn’t because you know nothing about where I live except your cherry picking BS.

“If you haven’t done so already, you should get your Italian papers in order soon buds, before your owners will no longer let you escape.”
Nonsense and delusions from a guy that is stroking from anger

“You might also consider becoming good buddies with the family’s private jet pilot, at least that’s what I would do if I was a .0001%er spoiled filthy rich boy like you.”
We have been over this Greygoar, you are the millionaire with the doctor wife living in the wealthiest part of the world. I live in the Ozarks one of the poorest places in the rich world. So you just got egg on your face.

“Oh and Davy, try not to forget about the lynch mobs.”
We will be the lynch mobs Greygoar when people come down here looking for trouble.

“LOL”
Lol on you pussy

GregT on Sat, 4th Aug 2018 7:58 pm 



“What?? Who says the sooner the global economy collapses the better?”

Pretty much every scientist who understands the implications of a catastrophic runaway greenhouse event. Of course a rabid Trump supporter such as yourself would be completely clueless.

“So what Russia is a net exporter of oil. It cost money to produce and export oil. Do you think they are going to give it away?”

Now why would Russia give away the main source of energy required to keep their own society functioning? That would be really stupid, would you not agree?

“Greygoar, it was an expression that zoomed way over your itty bitty mind.”

My itty bitty mind is magnitudes above your itty bitty little mind Davy.

“First, it is St. Louis not St. Louise.”

Typo, sorry my bad.

“What is this about gangs a few days walk to my farm? Do you realize how few gang members there are in St Louis? No you wouldn’t because you know nothing about where I live except your cherry picking BS.”

Of course any gangs will simply fade away when the going gets tough. That’s always the case when people have nothing left to lose, they get together and sing kumbaya around burn barrels. LOL

“Nonsense and delusions from a guy that is stroking from anger”

The only one here who has routinely shown anger management issues would be yourself Davy.

“We have been over this Greygoar, you are the millionaire with the doctor wife living in the wealthiest part of the world. I live in the Ozarks one of the poorest places in the rich world. So you just got egg on your face.”

More delusions Davy, as per usual. I have never even been close to a .0001%er jet like your family’s, let alone stepped foot on one. As a matter of fact, I doubt very much that there has ever been another individual poster on this forum who has enjoyed anywhere near the privileges that you have Davy. You are a spoiled rotten filthy little rich boy, with an extremely foul mouth. If I was you, I would take this opportunity to pull my little horns in a bit, before the lynch mobs come looking for your uber privileged spoiled rotten neck.

“We will be the lynch mobs Greygoar when people come down here looking for trouble.”

You don’t have a hope in hell of saving your sorry ass Davy. People in general, all across ‘your’ country, have already had enough of you people. It’s only a matter of time buddy, your days are numbered.

“Lol on you pussy”

LOL

Davy on Sat, 4th Aug 2018 8:15 pm 



“Pretty much every scientist who understands the implications of a catastrophic runaway greenhouse event. Of course a rabid Trump supporter such as yourself would be completely clueless.”
Shut up Greygoar, they are not advocating mass deaths like you are. You are just a rich BC bastard with a wish for many to die so more is left for you. You think you are in a bunker type setting up in the BC wilderness. Nobody is going to come up there is your thinking. “Bring it on” I see you say often. SICK

“Now why would Russia give away the main source of energy required to keep their own society functioning? That would be really stupid, would you not agree?”
Greygoar, my question was in regards to you saying “regardless of price, Russia is still a net exporter of oil.” Stay on topic and comment on topic.

My itty bitty mind is magnitudes above your itty bitty little mind Davy.
Sure Greygoar then why don’t you contribute intelligent comments? I am watching your comments and they are troll baiting or Facebook chats with the gang. No hint of intelligence.

“The only one here who has routinely shown anger management issues would be yourself Davy.”
Nonsense greygoar, it is all about you and the gang having your turf. You can’t stand the fact you have not run me off. What is worse for your anger is the moderation of your extremism and trolling behavior. When you do comment then there is the education you get that drives you mad. This has you screaming out the fucks when you can’t stand it anymore.

“More delusions Davy, as per usual. I have never even been close to a .0001%er jet like your family’s, let alone stepped foot on one.”
.0001? I don’t think so Greygoar. You are the millionaire that flipped a house in Vancouver. You got the doctor wife and your ample retirement. You are the richest bastard on the board from one of the richest regions in the world and you are pointing fingers. Well, this is par for the course with your hypocrisy and lies. You are a disgusting piece of shit parading around as a respectable community guy with the trophy family. The reality is you are ugly and mean. You like to assassinate characters and you support and enable those who do it here.

“You don’t have a hope in hell of saving your sorry ass Davy. People in general, all across ‘your’ country, have already had enough of you people. It’s only a matter of time buddy, your days are numbered.”
Nonsense and delusions of a pissed off asshole. You wish this to be the case because you hate me. Mission accomplished because I hope the worst for you too Greygoar.

MASTERMIND on Sat, 4th Aug 2018 8:21 pm 



Whoever is dumb enough to say the sooner the collapse happens the better..Is dumber than dirt..They are obviously seriously not understanding the implications of what comes after the collapse..

GetAVasectomyAndLetTheHumanSpecieDieGracefully on Sat, 4th Aug 2018 8:24 pm 



You can see the beginning of a race war in Canada. Chinese enclave are now protesting against Arab immigration. Don’t believe the bullshit you read about Canada in the mainstream media

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

GregT on Sat, 4th Aug 2018 8:31 pm 



MM,

“Whoever is dumb enough to say the sooner the collapse happens the better..Is dumber than dirt..They are obviously seriously not understanding the implications of what comes after the collapse..”

Most of the links that you continue to post, are warning of the consequences of continuing to burn fossil fuels, not so much the implications of running out.

GregT on Sat, 4th Aug 2018 8:35 pm 



“Nonsense and delusions of a pissed off asshole. You wish this to be the case because you hate me. Mission accomplished because I hope the worst for you too Greygoar.”

I’m not in the least bit pissed off Davy, I don’t hate anybody or anything, and I don’t hope the worst for you.

You would be projecting again, as per usual.

GregT on Sat, 4th Aug 2018 8:44 pm 



“You can see the beginning of a race war in Canada. Chinese enclave are now protesting against Arab immigration. Don’t believe the bullshit you read about Canada in the mainstream media”

Yup, Cloggie is correct, unfortunately. As MIS society continues to wind down, expect the divisions to continue to get worse, between ethnic groups, political ideologies, and societal classes. It’s just basic human nature.

MASTERMIND on Sat, 4th Aug 2018 8:44 pm 



Venezuela Says Drone Attack Targeted President Maduro

President, who was speaking before a military parade, is unharmed; seven soldiers injured

President, who was speaking before a military parade, is unharmed; seven soldiers injured

Drones carrying explosives targeting Venezuelan President Nicolás Maduro were detonated near a stage where he was giving a speech Saturday, the government said.

Mr. Maduro was unharmed, but the explosions triggered by the drones injured seven soldiers participating in a military-style parade honoring the National Guard in the capital of Caracas, said Jorge Rodriguez, the information minister.

“All of the work we have done immediately after has allowed us to establish with evidence that it was an assassination attempt,” Mr. Rodriguez said in a brief televised appearance. He said various drones carried out the attack but didn’t say who might have deployed them or explain if the drones had dropped bombs or been used as missiles against Mr. Maduro and his entourage.

State television showed a few seconds of chaos on Bolivar Avenue, a main thoroughfare in Caracas, before the broadcast was cut off.

Mr. Maduro and his wife, Cilia Flores, who was standing at his side, looked up to the sky momentarily as he was promising that “the hour of the economic recuperation” had arrived. His speech ended abruptly, and the broadcast then panned to the face of a young soldier before focusing on the street in front of makeshift stand where Mr. Maduro had been standing.

Soldiers, who had been standing at attention could be seen scrambling. In the midst of the confusion a voice could be heard saying, “Let’s go to the right.”

As rumors of an assassination attempt circulated before the government’s announcement, the first comment from an official came from Miguel Perez, the president of a government bank. On his official Twitter account, Mr. Perez said that Mr. Maduro and those standing around him, including Defense Minister Vladimir Padrino Lopez, were fine.

“Calm and tranquility, our president, @NicolasMaduro is fine as is all the high political-military leadership of the revolution,” Mr. Perez wrote.

Mr. Maduro, who has governed a country suffering from hyperinflation, hunger and rampant violence, is deeply unpopular, polls show. The discontent is evident in the armed forces, say current and former military officers.

Members of the armed forces were planning a coup against Mr. Maduro when they were arrested in March, The Wall Street Journal reported in May. Several other coup attempts have also been thwarted by the president’s intelligence services over the last year, leading to dozens of arrests and a military purge, according to several former and current Venezuelan officers.

“The Venezuelan military is a time bomb, a pressure-cooker,” one Army captain, who had fled from Venezuela, recently told The Journal. “It could explode at any time because everyone is unhappy.”

Write to Juan Forero at Juan.Forero@wsj.com and Kejal Vyas at kejal.vyas@wsj.com

https://www.wsj.com/articles/venezuela-says-drone-attack-targeted-president-maduro-1533427311

GetAVasectomyAndLetTheHumanSpecieDieGracefully on Sat, 4th Aug 2018 10:31 pm 



White Nordic people with blue,green eyes cannot dance and we are proud of this. It is our culture to dance like we have a sick up our butt.

This is how I remember my childhood, blood girl in the fond

https://www.youtube.com/watch?v=UN1xzwt6oyA

It is all gone to shit now.

MASTERMIND on Sat, 4th Aug 2018 10:42 pm 



GetAV

that music fucking sucks dick..WTF?

makati1 on Sat, 4th Aug 2018 11:01 pm 



For Davy:

“The DEA says around 240 street gangs operate in the St. Louis area, making most of their money through the drug trade.”

http://www.kmov.com/story/31843471/dea-240-street-gangs-operate-in-the-st-louis-area

“Extremism, Terrorism & Bigotry
White Supremacist Gangs: A Growing Problem in Missouri”

https://www.adl.org/blog/white-supremacist-gangs-a-growing-problem-in-missouri

No gangs in St. Louis? LMAO

makati1 on Sat, 4th Aug 2018 11:09 pm 



I support those here who say that the sooner the collapse, the better. I will add that the sooner the Us goes down the better for all of us outside the Police State. Those who want to hang on to their unearned privileges deserve to be the first to go. No partiality here. All are equally guilty and deserve the blow back.

MASTERMIND on Sat, 4th Aug 2018 11:40 pm 



Madkat

Yes and look at what just happened to Missouri’s governor..He had to resign due to corruption..That like 80 republicans since 1970 who have..And he was a former Navy Seal..What a bunch of dumb asses in that state..Election war monger’s thinking they can trust them..LOL

MASTERMIND on Sat, 4th Aug 2018 11:42 pm 



Madkat

when the US collapses that will collapse the entire global economy..Including your rat hole country of slant eyes..lol

makati1 on Sat, 4th Aug 2018 11:56 pm 



MM, delusionally stupid as usual. You have no idea what the world outside the US Police State is like. None. Most Americans want to believe that they are the “indispensable” country, but they are finding that the rest of the world is moving away from them.

I have been to the Bahamas, Puerto Rico, England, France, the U.A.E., China, Japan, Germany, Canada and the Philippines. I’ve also been in most of the 50 states in my 74 years.

Where have you been? Mommy’s basement? LOL

GregT on Sun, 5th Aug 2018 12:10 am 



MM,

By the time that our societies here in North America have fallen to the point that Asia has risen to over the past couple of decades, all hell will break loose here.

For most people under 30 years of age in Asia, what you consider to be a collapse, would be BAU.

GregT on Sun, 5th Aug 2018 12:15 am 



Sorry, my bad MM. OVER 30 years of age.

makati1 on Sun, 5th Aug 2018 12:37 am 



PPP by country, 2017: WIKI

The US = $59,500. per capita/year
China = $16,600. ”

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita

How will the US manage on the same buying power as the Chinese, when the collapse comes? Chaos and civil war. The Chinese will hardly notice the change.

Filipinos will notice it even less with a PPP of ~$8,300/yr. LOL You cannot miss what you never had. As for the US… SPLAT!

MASTERMIND on Sun, 5th Aug 2018 12:42 am 



Madkat

All that traveling but you couldn’t make it to college..LOL

MASTERMIND on Sun, 5th Aug 2018 12:43 am 



Madkat

We are headed for a global oil shortage in a few years..China is the worlds largest oil importer..They are going to collapse the hardest you dumbshit..The US has its energy needs almost covered and we got Iraq now..

makati1 on Sun, 5th Aug 2018 12:52 am 



College is not a necessity to have a successful, happy and full life, MM. Just because you are deep in debt for a piece of paper that will not even get you a burger flipping job at McDonalds, is you fault not mine.

I made over a million dollars in old money without that four years of brainwashing. You are the sucker, not me. I learned something every day of my life. That is over 27,000 somethings so far. More than you will ever learn. You mind is too closed and you are brainwashed to perfection.

makati1 on Sun, 5th Aug 2018 12:53 am 



MM: Your last post proves my brainwashing claim. Energy independence, my ass! LMAO!

GregT on Sun, 5th Aug 2018 1:14 am 



MM,

“All that traveling but you couldn’t make it to college..LOL”

Unless you consider being up to your eyeballs in debt to be important to you, college these days is a complete waste of time and money. The education system is now big business, and the curriculum caters to the lowest common demoninator. Any moron can now get a college degree, if he/she is willing to go far enough into debt, and critical thinking has absolutely nothing at all to do with regurgitating what other people tell you to regurgitate.

And more more thing. Those who can’t do, teach.

makati1 on Sun, 5th Aug 2018 3:00 am 



Those who cannot do, teach. How often in my life I have seen that as fact.

I knew several college professors. None impressed me with their knowledge. One turned out to be a pederast and was arrested in a Central American country by the Us FBI. Last I heard he was in federal prison. I do not know what happened to his family.

As for college, I know two multi-millionaires. One inherited money and was an asshole. One never went to college but was very successful and a nice guy.

I often had to teach college engineering grads how to do their jobs. Book learning is not real learning. Not real life. Hands on. That is how you learn.

makati1 on Sun, 5th Aug 2018 3:25 am 



BTW: MM, please back up your statement “We have Iraq now” with a current ref? I’m waiting…

If the Us is ALMOST energy independent, why do they buy electric from Canada? Why do they buy nuclear fuel from Russia?

“USEC in March 2011 signed a further contract with Tenex for supply of low-enriched uranium from 2013 to 2022, ramping up to about half of earlier levels from Russia, with an option to match those levels. The 2011 contract covers the supply of 21 million SWU to USEC/Centrus, worth $2.8 billion. The new supplies will come from mined uranium enriched in Russia,”

http://www.world-nuclear.org/information-library/country-profiles/countries-t-z/usa-nuclear-fuel-cycle.aspx

Not to mention ALL of the embedded energy imported in the junk Americans buy and waste at Walmart. Billions of barrels worth. Us energy independent! LMAO

Kat C on Sun, 5th Aug 2018 4:10 am 



MM you wrote “Russia won’t love when the global economy collapses..You are so dense and so obsessed with Putin and politics..”
Actually because of sanctions Russia has been making themselves more independent of the rest of the world (law of unintended consequences) and thus will be better able to weather an economic collapse than the US.

Davy on Sun, 5th Aug 2018 4:34 am 



“How will the US manage on the same buying power as the Chinese, when the collapse comes? Chaos and civil war. The Chinese will hardly notice the change.”

Sure, billy 3rd world, 1.2 BIL people needing food with no industrial agriculture. Mega Chinses cities depopulating in chaos and they will hardly notice. What an extremist agenda you have. With the 3rd world it is all or nothing. No middle ground for science and reality.

Davy on Sun, 5th Aug 2018 4:39 am 



“college these days is a complete waste of time and money. The education system is now big business, and the curriculum caters to the lowest common demoninator. Any moron can now get a college degree, if he/she is willing to go far enough into debt, and critical thinking has absolutely nothing at all to do with regurgitating what other people tell you to regurgitate.”

Nonsense, more rabid extremism from the two board idiots. College can be a waste of time and money but in many cases it opens up a lifetime of learning. It depends on what you are going to do and what you achieve in college. Many very well paying job and rewarding careers require higher education. You exaggerate as bad as billy.

Davy on Sun, 5th Aug 2018 4:40 am 



“I often had to teach college engineering grads how to do their jobs. Book learning is not real learning. Not real life. Hands on. That is how you learn.”

LMFAO at the senile