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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, 16:55:45

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.

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Peak Oil Call and Bet

Unread postby spike » Wed 28 Nov 2018, 07:53:37

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.
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