Donate Bitcoin

Donate Paypal

PeakOil is You

PeakOil is You

Peak Oil Call and Bet

General discussions of the systemic, societal and civilisational effects of depletion.

Re: Peak Oil Call and Bet

Unread postby asg70 » Tue 27 Nov 2018, 17:55:45

pstarr wrote:what do you think of record low diesel inventories?

I think it won't lead to doom, that's what. Doomers are too fixated on the minutiae of oil supply ups and downs. I mean, come on. Why not go back and read some of your posts from 10 years ago when you were doing exactly what you're doing now, looking at the current situation and painting an end-is-nigh portrait. It wasn't true then and it's not true now. If it comes it won't be forecast off of your analysis, that's for sure.

-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
Light Sweet Crude
Light Sweet Crude
Posts: 4249
Joined: Sun 05 Feb 2017, 14:17:28

Re: Peak Oil Call and Bet

Unread postby spike » Wed 28 Nov 2018, 08:53:37

Pstarr, betting on non-OPEC avoids having an OPEC-led production cut to support prices affect the bet. It wouldn't be indicative of peak, but market weakness. And OPEC is close to producing flat out at the moment, but many countries can easily increase capacity.
User avatar
Posts: 299
Joined: Mon 15 Nov 2004, 04:00:00


Return to Peak Oil Discussion

Who is online

Users browsing this forum: No registered users and 25 guests