Coming oil production surge, led by US, risks price collapse

[vision-master]

I concluded at least a year ago the market price of oil will likely see a collapse around 2015-2020.

Taht's bc the World economies are collapsing............

Oil demand is down 6% in the past 12 months and inventories are at 6 month highs. What these numbers show you is that the economy is not in recovery, demand for oil is down............

[meemoe_uk]

Don't bother providing any more evidence that world economies are collapsing, VM. It's obvious to all this is the only way a 6% decrease in oil demand can happen.

All that needs to be added is the flowchart on how your ingenuity inescapably led you to this conclusion

Market buying today -----> Not enough oil -----------------------v
Market not buying today -> Too much oil ------> World economy collapses -------> Doom

The mods can now close this forum and we can all head over to the survival forum.

You lock yourself in your cellar with a years supply of baked beans.
But one last job b4 you go into hibernation, just phone the CIA, the economist, a few dozen independant economic outlook agencys, the IMF, the world bank, 180 heads of state and their economics advisors and set them straight because they seem to have got the crazy idea that their economies are growing and not collapsing. How dumb are they? Little do they know any day in the next week the entire world workforce will be out of a job. No doubt they'll immediately announce they were wrong and you were right based on your phonecall.

[seahorse3]

meem I read your last rant twice and still don't understand it.

[pstarr]

meem I read your last rant twice and still don't understand it.

Do not annoy meem. He believes he won an argument



and is down in the basement research lab doing a victory dance.

[Daniel_Plainview]

Abundance aplenty.

Oops. Maybe not.

Ugo Bardi: Strahan demolishes Maugeri

I always feel bad for the Cornies when their hopes for utopian abundance are completely demolished.

[sparky]

.
over the last few months there was a bump up in world prices followed by a trough ,
for a few weeks it's been middling and steady
all of the action was Iran embargo related and Saudi overproducing
If anything it would indicate that the Saudis can still rack up production at will
( unless they were running their storage down )

production gains are sucked up by producers own demand and developping countries
Japan is using more heavy stuff to produce electricity , Europe is in the dump
the U.S. not too flash either

[seenmostofit]

I always feel bad for the Cornies when their hopes for utopian abundance are completely demolished.

The same could be said for those waiting for the claims of Malthus to come true. How many centuries has that one been going on now? And for how many more can it continue?

[peripato]

I always feel bad for the Cornies when their hopes for utopian abundance are completely demolished.

The same could be said for those waiting for the claims of Malthus to come true. How many centuries has that one been going on now? And for how many more can it continue?

Well batshit crazy cornies have to be continually correct that all will be plain sailing into the starry future, no matter how high the ante. Whereas Malthus, God rest his soul, only has to be right once.

[pstarr]

Scratch the raving cornie and you'll find a strange hairless white Creationist Christian under the surface. The Creationist despises ecologists like Malthus (and his student Darwin) because the scientist explains the natural ebb/flow of population under rules of nature, not God or Man. To understand ecology is understand humankind place in the world, a function of energy and nutrient flows. Oil is homo machinus' essential input, our water, food, heat, and hearth. Not God Almighty.

[Beery1]

Over the next three years, I'm getting a big bowl of popcorn and I'm going to watch the cornies backpedalling and denying as their dreams of abundance and energy independence evaporate. It's going to be awesome! I wonder how they'll spin it when their fantasies are laid bare?

[TheAntiDoomer]

Over the next three years, I'm getting a big bowl of popcorn and I'm going to watch the doomers backpedalling and denying as their dreams of doom and gloom evaporate. It's going to be awesome! I wonder how they'll spin it when their fantasies are laid bare?

[pstarr]

Over the next three years, I'm getting a big bowl of popcorn and I'm going to watch the doomers backpedalling and denying as their dreams of doom and gloom evaporate. It's going to be awesome! I wonder how they'll spin it when their fantasies are laid bare?

You know, regarding your signature, that Darwin was a student of Malthus, his theory of evolution is based on the pioneering work on population dynamics. You know that right?

Popcorn? What is left over after after the drought will be diverted to that "other" petroleum, ethanol and into meat production for rich Arabs. You might be left with some corn oil butter substitute.