Largest oil drop in history underway, analysts say


B00Mer
#1
Largest oil drop in history underway, analysts say



https://m.chron.com/business/energy/...php?cmpid=ffcp
 
Most helpful post: The members here have rated this post as best reply.
Twin_Moose
+5
#2  Top Rated Post
Great now we will see another tax to keep the price of fuel inflated to support the Green initiative
 
captain morgan
+5
#3
The Chinese are large buyers of coal as well... Be interesting to see if that drops as well
 
petros
+4
#4
If Green energy were a do or die looming catastrophe, nuclear powerplants would be popping up like mushrooms on a dead log.
 
AnnaE
+1
#5
Quote: Originally Posted by Twin_Moose View Post

Great now we will see another tax to keep the price of fuel inflated to support the Green initiative

lmao That would happen even without "green energy".
 
Tecumsehsbones
#6
Quote: Originally Posted by AnnaE View Post

lmao That would happen even without "green energy".

But if it was to support the salaries of oil company execs, Moosie'd be overjoyed.
 
B00Mer
+2
#7
The economy because of the CoronaVirus and Bernie Sanders, uncertainty and panic.

https://youtu.be/-YusHyd-duQ
 
B00Mer
+5
#8
It's not the CoronaVirus Pandemic that will hurt, it's the "FEAR" Pandemic
 
captain morgan
+2
#9
Wait and see what groups like OPEC do to their collective production rates in the face of decreased demand
 
Twin_Moose
+3
#10
Quote: Originally Posted by AnnaE View Post

lmao That would happen even without "green energy".

Oh the Carbon tax isn't in support for Green energy and purchasing Carbon credits from third world countries?

Quote: Originally Posted by Tecumsehsbones View Post

But if it was to support the salaries of oil company execs, Moosie'd be overjoyed.

Why would the Gov. tax support O&G exec's? I do want to see higher O&G prices, it typically would mean more exploration and development. Not with our current Governments war on the industry driving investment out of the country to the Southern US and Mexico.

I hate to say it but right now low pricing and O&G shut ins is what is needed to cripple our economy and hamper the current Gov.'s narrative and action. All gains in the Green and EV markets would be lost if fuel was at $0.60/L reflective of today's price of Oil.
 
petros
+4
#11
 
taxslave
+2
#12
Quote: Originally Posted by B00Mer View Post

The economy because of the CoronaVirus and Bernie Sanders, uncertainty and panic.
https://youtu.be/-YusHyd-duQ

Question is which one will inflict the most damage?
 
petros
+2
#13
Bernout
 
AnnaE
#14
Quote: Originally Posted by Tecumsehsbones View Post

But if it was to support the salaries of oil company execs, Moosie'd be overjoyed.

Yep.
 
Twin_Moose
+2
#15
Quote: Originally Posted by AnnaE View Post

Yep.

Why? And how would that work? Are you still burning diesel for heat?
 
AnnaE
+1
#16
Quote: Originally Posted by Twin_Moose View Post

Oh the Carbon tax isn't in support for Green energy and purchasing Carbon credits from third world countries?

Limited thinking.
The carbon tax is, but that isn't the only tax they could come up with. They could call it "peak oil tax", "oil runout tax", "bad hair day tax", or whatever.
 
AnnaE
+1
#17
Quote: Originally Posted by taxslave View Post

Question is which one will inflict the most damage?

Not Bernie. He's a hasbeen ..... again.
 
AnnaE
#18
Quote: Originally Posted by Twin_Moose View Post

Why? And how would that work? Are you still burning diesel for heat?

lol.
 
Twin_Moose
+3
#19
Quote: Originally Posted by AnnaE View Post

Limited thinking.
The carbon tax is, but that isn't the only tax they could come up with. They could call it "peak oil tax", "oil runout tax", "bad hair day tax", or whatever.

Nope it is to combat Carbon dioxide pollutants in the atmosphere that is supposedly warming our planet to catastrophic levels. The only way we are told to combat this inevitable doomsday is to embrace Green technology and walk away from fossil fuels within 10 years or we are doomed. It can only be done in 1 of 2 ways we are told, shut in O&G forever, or reduce O&G emissions to pre 2000 levels. The way to get us to pre-2000 levels is to raise the price of fuel by inflation or tax to make it very expensive to run or fossil mobiles and buy offset credits from countries that have little Carbon pollution to even it out.

That's the propaganda behind it anyway, just ask Greta
 
Hoid
#20
IHS: Oil Demand Set For Largest Decline In History
https://oilprice.com/Energy/Energy-G...n-History.html

People don't want oil and never have. We have always accepted it s a necessary evil but those days are gone. No longer necessary to use combustion engines. No longer acceptable to invest in oil and gas - because its wrong and because its a loser investment.
 
AnnaE
#21
Quote: Originally Posted by Twin_Moose View Post

Nope it is to combat Carbon dioxide pollutants in the atmosphere that is supposedly warming our planet to catastrophic levels. The only way we are told to combat this inevitable doomsday is to embrace Green technology and walk away from fossil fuels within 10 years or we are doomed. It can only be done in 1 of 2 ways we are told, shut in O&G forever, or reduce O&G emissions to pre 2000 levels. The way to get us to pre-2000 levels is to raise the price of fuel by inflation or tax to make it very expensive to run or fossil mobiles and buy offset credits from countries that have little Carbon pollution to even it out.

That's the propaganda behind it anyway, just ask Greta

NVMD. You seem to have a problem following my point and I am not going to try explaining it to you.
 
petros
+3
#22
Quote: Originally Posted by Hoid View Post

IHS: Oil Demand Set For Largest Decline In History
https://oilprice.com/Energy/Energy-G...n-History.html
People don't want oil and never have. We have always accepted it s a necessary evil but those days are gone. No longer necessary to use combustion engines. No longer acceptable to invest in oil and gas - because its wrong and because its a loser investment.

Are you high again on indoor weed that cant exist without O&G?

Read the articles and not headlines...

Quote:

The market research firm unsurprisingly attributed the slump to the decline in economic activity resulting from the coronavirus outbreak, calling the situation in China, where the outbreak started, “an unprecedented stoppage” of economic activity.With pretty much every industry suffering the blow of the outbreak, IHS Markit said it expected oil demand to drop by as much as 3.8 million bpd this quarter, to 96 million bpd.

Everybody wants bicycles and toy cars?
Last edited by petros; 4 weeks ago at 02:18 PM..
 
petros
+2
#23
Quote: Originally Posted by AnnaE View Post

NVMD. You seem to have a problem following my point and I am not going to try explaining it to you.

Did you have a point?
 
B00Mer
+2
#24
Quote: Originally Posted by taxslave View Post

Question is which one will inflict the most damage?

Bernie
 
Jinentonix
+5
#25
This is what the "green energy" movement has wrought and will continue to do so until they wake the f*ck up.





That is Lake Baotou. Google it if you want. That "Lake" is just one of the legacies of the green drive, and the drive for electronic gadgets. This is the end result of rare earth mining and processing. What's interesting is two of the most commonly used rare earth elements aren't all that rare. What's rare is the number of countries willing to turn parts themselves into the above to extract them, yet. There's your magnets for wind turbines. There's your rare earth elements for today's modern electronics. There's your rare earth elements for EV batteries.

Nice job "greenies". Please do go on with your superior eco-philosophy, you're doing "great" so far.
 
spilledthebeer
#26
Quote: Originally Posted by B00Mer View Post

Largest oil drop in history underway, analysts say



https://m.chron.com/business/energy/...php?cmpid=ffcp








Oh now.............................


that oil price drop is NECESSARY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Otherwise how will LIE-berals AFFORD TO FUEL THE AMBULANCES ......................................


that round us up and take us to Wuhan Quarantine!!!!!!!!!!!!!!!!!!!!!!!!!


An ambulance IS NOT FUEL EFFICIENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
taxslave
+2
#27
Quote: Originally Posted by Hoid View Post

IHS: Oil Demand Set For Largest Decline In History
https://oilprice.com/Energy/Energy-G...n-History.html
People don't want oil and never have. We have always accepted it s a necessary evil but those days are gone. No longer necessary to use combustion engines. No longer acceptable to invest in oil and gas - because its wrong and because its a loser investment.

ROFLMFAO You truly are stupid. Everyone just loved those wood fired steam engines.
 
petros
+1
#28
Quote: Originally Posted by taxslave View Post

ROFLMFAO You truly are stupid. Everyone just loved those wood fired steam engines.

He's smoking too much organic weed. Organic fertilizers are radioactive.
 
Tecumsehsbones
+1
#29
Quote: Originally Posted by Jinentonix View Post

This is what the "green energy" movement has wrought and will continue to do so until they wake the f*ck up.

That is Lake Baotou. Google it if you want. That "Lake" is just one of the legacies of the green drive, and the drive for electronic gadgets. This is the end result of rare earth mining and processing. What's interesting is two of the most commonly used rare earth elements aren't all that rare. What's rare is the number of countries willing to turn parts themselves into the above to extract them, yet. There's your magnets for wind turbines. There's your rare earth elements for today's modern electronics. There's your rare earth elements for EV batteries.
Nice job "greenies". Please do go on with your superior eco-philosophy, you're doing "great" so far.

So, what's your solution? Go back to pre-plastics?

Seriously. You're more than willing (eager, in fact) to take shots at other people's solutions, but I don't think I've ever heard you propose one. I'd like to. You're one of the saner and smarter people here.
 
captain morgan
+3
#30
Quote: Originally Posted by AnnaE View Post

Limited thinking.
The carbon tax is, but that isn't the only tax they could come up with. They could call it "peak oil tax", "oil runout tax", "bad hair day tax", or whatever.


How about calling it the subdizing-green-renewable-tech-'cause-it's-hugely-unecomical-tax?


Quote: Originally Posted by Tecumsehsbones View Post

So, what's your solution? Go back to pre-plastics?

Seriously. You're more than willing (eager, in fact) to take shots at other people's solutions, but I don't think I've ever heard you propose one. I'd like to. You're one of the saner and smarter people here.


Problem here is that the proposed solution (to the problem articulated by various green lobbies) is not a functional solution at this time.


Case in point, if 15% of people in society were to convert to basic electricity for heating and EVs, there would not be enough supply of rare earths and select precious metals to provide the batteries or construct the necessary infrastructure upgrades to service that 15% increase in demand.


It's no big secret. it is a fact