Yoshua wrote:"U.S. Senate Panel Backs NordStream2 Pipeline Sanctions Bill"
A pipeline from Russia to Europe...what the fuck has it got to do with the U.S?
Outcast_Searcher wrote:Yoshua wrote:"U.S. Senate Panel Backs NordStream2 Pipeline Sanctions Bill"
A pipeline from Russia to Europe...what the fuck has it got to do with the U.S?
Do you really want to pretend that global NG supplies and distribution networks have NOTHING to do with the US? Surely even you aren't that clueless about economics and energy supplies.
Or is it that you're just upset at every piece of ordinary news that despite all the fast crash bad doomer calls, life and the global economy continues to proceed pretty much as normal?
BTW, is it really too difficult for you to cite direct quotes (which I presume the quotation marks imply)?
What was the question again?
shortonoil wrote:What was the question again?
It was kind of complicated? It was an oxymoron wandering around in a labyrinth. Probability says that if he keeps trying he'll come up with one that makes sense; eventually. May you live so long.
Yoshua wrote:Outcast_Searcher wrote:Yoshua wrote:"U.S. Senate Panel Backs NordStream2 Pipeline Sanctions Bill"
A pipeline from Russia to Europe...what the fuck has it got to do with the U.S?
Do you really want to pretend that global NG supplies and distribution networks have NOTHING to do with the US? Surely even you aren't that clueless about economics and energy supplies.
What was the question again?
China has been the crude buyer of last resort. What happens if China slows down, the yuan falls and China starts to cut back on crude imports...and perhaps is forced to sell off its crude inventories to get dollars?
According to the Wall Street Journal and Wood Mackenzie, a basket of 7 shale drillers posted a combined $1.58 billion in negative cash flow in the first quarter, four times worse than the same period a year earlier.
shortonoil wrote: Fracking cracking: Oil price correction triggers US shale meltdownAccording to the Wall Street Journal and Wood Mackenzie, a basket of 7 shale drillers posted a combined $1.58 billion in negative cash flow in the first quarter, four times worse than the same period a year earlier.
https://www.rt.com/business/465816-oil- ... le-crisis/
The world's petroleum supply is now 1 unit away from the "dead state" with an ERoEI of 8.0:1. Shale will not be the last producer to see their stock crumble. The next few years will be nothing but a blood bath for the industry. Even if the price of oil does not move down, the cost of production will be moving up. The remainder of the economy will be going down closely behind it.
Negative rates is the only conclusion to keep the Ponzi going.
Well... it's only logic? The banks lose 2 percent annually...or the system collapses and they lose everything. The CB will cover their losses anyway.
So...the trend line broke
the seventh consecutive month that EIA has reduced its forecast for the growth of global crude oil demand in 2019.
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