Yoshua wrote:The oil price broke down from its rising wedge today. The bounce from the collapse in Nov-Dec is over.
The global economy is slowing down. Bond yields are falling, inverting, going negative.
Deflation is coming. Energy is the key (EROEI).
shortonoil wrote:The economy has reached the point where CB currency creation can no longer compensate for organic growth decline. It occurred at an ERoEI of 8.1:1. It also appears to have occurred about the time that legacy declines overwhelmed new production increases. Reserves that will be extracted are declining by 36 Gb a year. $60 oil is breaking the economy.
As usual, you have no clue whatg you're talking about.
Venezuela is going down the net energy cliff (EROEI). The decaying infrastructure is a result of not having enough energy to maintain it.
shortonoil wrote:As usual, you have no clue whatg you're talking about.
There you go again, stealing Rockdoc's insults. One would think that the possessor of all human knowledge could at least think of their own degrading, bigoted remarks. Being a complete ignorant jerk is just not enough anymore; you need originality!
Cog wrote:So when your model fails to predict anything useful, you go back to blaming some other nebulous force as to why you are wrong. How convenient for you all.
Outcast_Searcher wrote:Yoshua wrote:The oil price broke down from its rising wedge today. The bounce from the collapse in Nov-Dec is over.
Yoshua wrote:Venezuela is going down the net energy cliff (EROEI). The decaying infrastructure is a result of not having enough energy to maintain it.
Yoshua wrote:
I bet one dollar that the price will crash!
Cog wrote:Chartists seem to believe that charts magically constrain prices or predict the future. Charts are a tool but don't bet money on them.
vtsnowedin wrote:Yoshua wrote:
I bet one dollar that the price will crash!
By what date and how far? I'll bet a dollar it will double if I don't have to say when.
Users browsing this forum: No registered users and 12 guests