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Stock Market Crash! (merged) Pt. 3

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 3

Unread postby Cog » Tue 08 Jan 2019, 18:05:43

Oil prices have even rising for a week now. Do try to keep up pete.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby mmasters » Tue 08 Jan 2019, 19:22:42

It's just a correction, IMO.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby asg70 » Tue 08 Jan 2019, 20:00:46

pstarr wrote:The last stock market crash...was not caused by...
...
Likewise the current economic malaise and crashing stock market has nothing to do with...



You just can't stop flogging that dead horse. Now you're going to start working on another one to tide you through the next decade?

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I shudder to think this site might still be up here in another 10 years, still on the same ancient BBS code, still with the same revolving time-capsule of PeakOil is You thumbnails, and you'll still be here trolling day in and day out even if nobody's left to read.
"this is peak now. Wanna bet? The Real Pain starts . . . now." (11/21/18)" --pstarr
"$0/barrel soon as per etp." (12/30/18)" --pstarr
ATTN: SHORT LOST A BET AND WON'T EVEN ADMIT HE MADE ONE. HE SHOULD NOT BE WELCOME HERE!
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Cog » Tue 08 Jan 2019, 22:11:56

pstarr will be flogging this horse when he is taken away to the old folks home. After he is properly medicated, he will be easier to deal with.


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Re: Stock Market Crash! (merged) Pt. 3

Unread postby pstarr » Tue 08 Jan 2019, 22:21:52

Cog wrote:pstarr will be flogging this horse when he is taken away to the old folks home. After he is properly medicated, he will be easier to deal with.


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Stupid childish insult. Did you predict 2007? I did.

Wanna take another bet, or run like last time?
SA has peaked. OPEC has peaked. So goes the world.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby asg70 » Tue 08 Jan 2019, 23:00:24

How old are you Pstarr? I'm afraid you're likely to run out of lifespan (ala Harold Camping) before you see the suburbs become the Hobbesian nightmare you keep fantasizing about.
"this is peak now. Wanna bet? The Real Pain starts . . . now." (11/21/18)" --pstarr
"$0/barrel soon as per etp." (12/30/18)" --pstarr
ATTN: SHORT LOST A BET AND WON'T EVEN ADMIT HE MADE ONE. HE SHOULD NOT BE WELCOME HERE!
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Yoshua » Wed 09 Jan 2019, 03:55:34

The next leg down is coming in this bear market, which is worse than anything we have experienced before.


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Re: Stock Market Crash! (merged) Pt. 3

Unread postby shortonoil » Wed 09 Jan 2019, 16:57:20

ATTN: SHORT LOST A BET AND WON'T EVEN ADMIT HE MADE ONE. HE SHOULD NOT BE WELCOME HERE!


Like most trolls; typical sociopathic behavior.
https://www.health.com/mind-body/sociopath-traits

The next leg down is coming in this bear market, which is worse than anything we have experienced before.


China appears to be getting desperate to prevent their property market from collapsing, and Europe is a basket case. The FED will be trying frantically to save the bond market; equities are toast!
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby shortonoil » Wed 09 Jan 2019, 17:05:59

Oil prices have even rising for a week now. Do try to keep up pete.


US oil production hasn't increased in 10 weeks, so much for the Shale miracle. Shale's legacy decline has caught up with it. When the markets catch on, there is going to be mayhem.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Cog » Wed 09 Jan 2019, 18:17:10

The market didn't crash today shorty. Better luck tomorrow.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby asg70 » Wed 09 Jan 2019, 23:44:31

shortonoil wrote:
ATTN: SHORT LOST A BET AND WON'T EVEN ADMIT HE MADE ONE. HE SHOULD NOT BE WELCOME HERE!

Like most trolls; typical sociopathic behavior.


You are asking that readers here bow down to you as a savant even though you lost a bet on a past prediction and won't even acknowledge it let alone pay up. That's hardly upstanding behavior and needs to be called out. The moment you demonstrate some integrity and humility by paying up is the moment I remove the line from my sig. The power is yours. In the meantime, let the shaming continue.
"this is peak now. Wanna bet? The Real Pain starts . . . now." (11/21/18)" --pstarr
"$0/barrel soon as per etp." (12/30/18)" --pstarr
ATTN: SHORT LOST A BET AND WON'T EVEN ADMIT HE MADE ONE. HE SHOULD NOT BE WELCOME HERE!
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby vtsnowedin » Thu 10 Jan 2019, 07:28:35

shortonoil wrote:
US oil production hasn't increased in 10 weeks, so much for the Shale miracle. Shale's legacy decline has caught up with it. When the markets catch on, there is going to be mayhem.

Ten weeks ago WTI was dropping in price daily. Nobody in their right mind would try to increase production unless strapped for cash flow. The fact that domestic producers pumped 11.7 million BPD through the period speaks to their ability.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Cog » Thu 10 Jan 2019, 07:51:13

Shorty don't think supply and demand be like it is but it do.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Outcast_Searcher » Thu 10 Jan 2019, 10:13:44

vtsnowedin wrote:
shortonoil wrote:
US oil production hasn't increased in 10 weeks, so much for the Shale miracle. Shale's legacy decline has caught up with it. When the markets catch on, there is going to be mayhem.

Ten weeks ago WTI was dropping in price daily. Nobody in their right mind would try to increase production unless strapped for cash flow. The fact that domestic producers pumped 11.7 million BPD through the period speaks to their ability.

Plus, since when does cherry picking some short term trend to try to make some broad claim about the longer term mean ANYTHING in any discipline? Shorty's just back to the constant claims that doom is right around the corner, using some psychobabble nonsense to justify it. His track record on such calls around here says it all.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Outcast_Searcher » Thu 10 Jan 2019, 10:20:18

Yoshua wrote:The next leg down is coming in this bear market, which is worse than anything we have experienced before.

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As though such claims mean anything. Especially from you. BTW, your trend lines are especially bogus. Where is your citation? What was your methodology, since you just drew the lines pretty randomly, only using some peaks / valleys.

And by the way, your trend lines going backwards at the end -- a great indication of how nonsensical they are. Hint: on planet earth, for human business activities, time doesn't flow backwards.

You make the worst of the chart predictor "guru" pack (under 21% correct trend picks over time -- a monkey throwing darts would do WELL over twice as well, on average), Robert Prechter of Elliot Wave constant nonsense, look like an outright genius.

https://www.cxoadvisory.com/gurus/

But thanks for playing. :roll:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby shortonoil » Thu 10 Jan 2019, 12:02:39

MAN and Wartsila are producing crude engines, but they are stationary and the crude must be treated from impurities, otherwise the crude ruins the machines.


nGeni has also developed one, but the problem is how does the economy migrate from 3 billion IC's without bankrupting itself. If that migration process had started 40 years ago we might of made it, but 40 years ago it didn't appear important enough to do. So we are now stuck with oil that can't deliver enough energy to prevent the economy from collapsing. The chances are very high that this next upcoming down turn will be the last.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Cog » Thu 10 Jan 2019, 13:06:07

Cool, So this last downturn will be the last? Great, a bull market for now on. Thanks Shorty for the stock tip.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Abdii » Thu 10 Jan 2019, 13:33:49

shortonoil wrote:
MAN and Wartsila are producing crude engines, but they are stationary and the crude must be treated from impurities, otherwise the crude ruins the machines.


nGeni has also developed one, but the problem is how does the economy migrate from 3 billion IC's without bankrupting itself. If that migration process had started 40 years ago we might of made it, but 40 years ago it didn't appear important enough to do. So we are now stuck with oil that can't deliver enough energy to prevent the economy from collapsing. The chances are very high that this next upcoming down turn will be the last.


Hi shortonoil, i have been paying a close attention to the global economy and oil production In the last 2 years. It seems things have gotten much worse in the last 6 months. Something tells me global oil production has peaked in 2018 and the US government are just doing everything they can to stay bau.

When do you think the next turn will come? Behind closed doors the global economy already does seem to be in a recession but when do you think will we see the real troubles as in no more BAU for the people in US and UK.
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Cog » Thu 10 Jan 2019, 15:14:07

I wouldn't ask shorty for advice on making bets?
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Re: Stock Market Crash! (merged) Pt. 3

Unread postby Outcast_Searcher » Thu 10 Jan 2019, 16:19:15

shortonoil wrote:nGeni has also developed one, but the problem is how does the economy migrate from 3 billion IC's without bankrupting itself.

Gradually, over a few decades or so. No big deal. And with the trend in green energy being cheaper and cleaner than burning FF's, over time, society gets a nice bonus along the way. Oh, and less AGW. So it's actually good news if you stop preaching false doom.

If that migration process had started 40 years ago we might of made it, but 40 years ago it didn't appear important enough to do. So we are now stuck with oil that can't deliver enough energy to prevent the economy from collapsing. The chances are very high that this next upcoming down turn will be the last.

It would have been far better for the climate and the biosphere to get really cranked up on mitigation in the 70's, or at least the 80's, after looking at the chaos of the 70's. But the imperfect isn't the enemy of the good, it's just disappointing re the total cost. The actual mitigation to use science and technology to remove lots of CO2 from the atmosphere and store it will be very expensive (to do the whole job). Of course, spending money on that instead of bigger houses and more unneeded consumer baubles will be a good thing for the planet as well.

Of course. Always the next one is the last one. :roll: The endless cry of the fast crash doomers. Always wrong, but endless. And of course, the idea that somehow, magically, oil now has far less energy, is complete nonsense (demonstrated by the global economy growing, year after year, despite all the false cries of doom via ETP). If it costs a little more to lift -- the price will go up a little. With gasoline recently hovering near $2 in the US, it's not like that's at all a big deal. Also, oil at $100+ isn't a big deal, as 2010 to 2014 demonstrated. Especially as technology continues to make energy consuming devices more and more efficient. But of course, doomers ignore that, since it's not the message that pleases them.

It's too bad you can't arrange to get paid for constant wrong calls. You could be rich.
Last edited by Outcast_Searcher on Thu 10 Jan 2019, 16:28:44, edited 1 time in total.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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