pstarr wrote:What is the significance of the post-2005 buildup and the current collapse?
pstarr wrote:What exactly does it say about SA and its oil business?
Observerbrb wrote:Oil price falling on heavy volume right now
pstarr wrote:rockdoc123 wrote:Reason for the price drop is two fold....less of a draw on inventories than was expected and also Saudi Arabia in March increased export of crude to East Asia, apparently the second highest monthly shipments on record.
No. It is because the rest of the world, those other poor unfortunates in the other 190 some-odd countries, are poor and getting poorer.
And so too are Americans. We are driving less because we are broke. It's what happens when oil (the real stuff, <45API) peaks
And so too are Americans. We are driving less because we are broke. It's what happens when oil (the real stuff, <45API) peaks
rockdoc123 wrote:And so too are Americans. We are driving less because we are broke. It's what happens when oil (the real stuff, <45API) peaks
At the risk of being rude....that is just dumb.
rocdoc123 wrote: Look at an updated chart. IN the US miles driven is at an all time high. Gasoline consumption is at an all time high. Showing a graph from 6 years ago and saying it is representative of the situation now is worse than misleading.
. But you can see this best in a poster like pstarr, a decade after the event, still trying to pretend it happened because he can't let go, ever, and it just doesn't matter, the weight of the evidence, reality, the facts.
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