I can see why you are a shortonoil groupie, neither one of you knows how to read a graph. Let me try explaining this to you again. That graph is called a double y axis graph or secondary y axis. That means it has two y axis, one for each data plot. For the WTI price, you need to use the right axis. The WTI price is the blue line. IE, the numbers on the right are for the BLUE LINE ONLY. For the exchange rate of the Australian dollar to the US dollar you use the left axis. The Australian dollar to US dollar exchange rate is the red line. IE, the numbers on the left are for the RED LINE ONLY. The price of WTI is NOT USD 40 on that graph. It is USD 68.Yoshua wrote:The falling AUDUSD exchange rate has been followed by a fall in the WTI price and the AUDUSD exchange rate points to USD 40 for the WTI today.
A falling AUDUSD exchange rate is an indication of deflation in the global economy. The global economy is slowing down due to high energy prices.
Yep. Exactly as predicted:rockdoc123 wrote:And we have just set a new backpedal record! Someone call Guinness!
Indeed. It would be hilarious if not so predictable.
The Etp Model, Q & A Pt. 8kublikhan wrote:Exactly. We saw the same thing with adherents of the ecat. Every time a goal post was missed Rossi just moved the goal post. And the hardcore swallowed it hook, line, and sinker. In the years ahead when oil prices fail to fall to the level of the "Maximum Affordability Price" short will just spin some BS, make a new graph, and continue to peddle his model. Wash, rinse, repeat.vtsnowedin wrote:Two years won't prove anything to the adherents, they will just move the goal posts.creedoninmo wrote:Feb 18, 2017 - I think that about 2 more years should provide the proof of whether the ETP model is accurate or not.
A falling AUDUSD exchange rate is an indication of deflation in the global economy. The global economy is slowing down due to high energy prices.
US economy: How strong is it?The United States economy notched a 4.1 percent annualized growth rate for this year’s second quarter, according to a July 27 report by the US Bureau of Economic Analysis. That’s much faster than the roughly 2 percent that’s been typical since 2001. For the record, four other quarters since the Great Recession have had growth above 4 percent, but it hasn’t happened since 2014. Mr. Trump depicted the news as a sign that lighter taxes and regulation could boost growth above 3 percent for the whole year, which would be the fastest pace for any full calendar year since the Great Recession. Some reports since the GDP number was released have also shown signs of economic strength. Consumers kicked off the third quarter by pushing retail sales up 0.5 percent in July, the Commerce Department reported Aug. 15.
Total US Debt to GDP Ratio – Deleveraging Analysis (2018)Many people may be aware of the ballooning US government debt, which is now approaching $20 trillion in 2017. What may not be obvious, however, is that since 2009 the total debt outstanding in the US (including consumer, business, and government debt) has actually dropped when compared to GDP. In fact, the ratio of total us debt to GDP peaked in 2009/Q1 around the 400% mark and has since steadily decreased.
pstarr wrote:Cog wrote:One dead Muslim out of thousands who die to violence yearly doesn't register on my care-o-meter. Khasoggi was a member of the radical Muslim Brotherhood and paid the price for it.
That's deplorable and you should be ashamed. Are you a paid troll? Or do you make an #ss of yourself for free?
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Because this individual claimed the job title 'journalist' we have been hearing about his death endlessly since it happened.......
Jamal Khashoggi began his career as a regional manager for Tihama Bookstores from 1983 to 1984.[21] Later he worked as a correspondent for the Saudi Gazette and as an assistant manager for Okaz from 1985 to 1987.[21] He continued his career as a reporter for various daily and weekly Arab newspapers from 1987 to 1990, including Asharq Al-Awsat, Al Majalla and Al Muslimoon.[6][21] Khashoggi became managing editor and acting editor-in-chief of Al Madina in 1991 and his tenure in that position lasted until 1999...
From 1991 to 1999, he was a foreign correspondent in such countries as Afghanistan, Algeria, Kuwait, Sudan, and in the Middle East.[6] It is also claimed that he served with both Saudi Arabian Intelligence Agency and possibly the United States in Afghanistan during this period.[23] He then was appointed a deputy editor-in-chief of Arab News, and served in the post from 1999 to 2003....
Riyadh dismissed Ankara's calls to extradite 18 Saudis wanted for the murder of Khashoggi.
"The individuals are Saudi nationals. They're detained in Saudi Arabia, and the investigation is in Saudi Arabia, and they will be prosecuted in Saudi Arabia," Foreign Minister Adel al-Jubeir told a regional defence forum in Bahrain.
onlooker wrote:It seemx thatthe intrigue in KSA is multilayered and deep. MBS, in fact is betraying US govt/corporate interests by NOT opening up to privatizing of Saufi assets as he seemed to have promised. Read all about it
The real reasons the knives are out for MBS
https://www.mintpressnews.com/the-real- ... w.facebook
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