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...the narrative and market response to it... 'the public' couldn't define QE better than 1:50.No, it means that I think it is possible for causation and correlation to exist side by side.
I may have misunderstood your theory tho. I could have sworn you were saying that the narrative and public response to it was the causation of a few dollar lunges.
Or maybe you misunderstood what I meant by political events. Dunno.
JC, oil could be selling for $10 a barrel in 2015.
No, this isn't the 60's but the industry has continually kept up with world demand. Sure oil is more challenging to find and produce but the technology has advanced far in the last 40 years. As to your questions re: recent finds I suppose the details are out there.
Where's the oil? It's where you find it.
Companies make decisions regarding return on investment based on a discovery's potential. I'm not current on the science involved, but yes if a project is going to cost tens of millions of dollars than rest assured they have reason to plunk the money down.
And what's with the "2.4 hours of energy"? I never understood that analogy.
As in "why develop ANWR- it's only 6 months worth of consumption". LOL
You make a good point. But, I don't recall any time when this has been the primary cause of a price hike in oil. But you're right, it could happened. Please do correct me if I'm missing one... at least through the 70's to present. I don't know about beforehand.BUZZZZZZ!if that were true then oil prices should NEVER have skyrocketed as they did....
Every price spike in oil has one thing in common. It was always caused by politics. It has never been caused by lack of supply or cost of production. When Sodamn Insane blew up the Kuwaiti oil wells (worlds largest environmental disaster AND cause of a price spike that never truly occurred, the price rise was mild. Even the hurricanes of 2005 did not cause a major spike in the cost to produce.
Only politicians and their tools of stupidity cause price spikes. OPEC embargos, wars, trade restrictions, sanctions, rationing, taxes, tariffs. These are the causes of price spikes.
What stops us from finding more oil? 90% of that is also politics with politicians either banning methods OR putting locations 'off limits' to exploration. Or they slap down punitive taxes and moratoriums on the production of oil so high, the companies justifiably move elsewhere to get somewhere else what a government is too stupid to allow the proper exploitation of their native resources and make money for themselves off it.
Peak Oil is a political fraud. Why is it being perpetrated? Because prosperity destroys the support for progressofascism, and that's who supports this lie.
And to King Chicken Little the Last, Shut up. Nobody with a brain buys your Oludavi trench bullshit.
Your argument discounts the possibility that price increases could be triggered by political events even tho the driving cause of the increase is still scarcity and increased demand. Inflation never sleeps but it isn't realized as a flat progression either. Spikes occur at politically triggered moments.
Building your economy exclusively on resource extraction is a recipe for disaster though
Yes, but you gotta start somewhere.
Once Qatar has built enough Camal Jerky processing facilities, you'll see economic diversification.
We'll see what we typically see.
Thos nhations' elite, using projected revenue sources provided by the international banking community to get those nations to go into so much debt, will find that the projected revenues will not be enough to repay the debts.
This game of how to bankrupt the natives to take over their resources has a long LONG history.
The first time I encountered it and understood it for what it really was, was when I studied the way the Brits screwed the French and bankrupted Egypt during the building of the Suez Canal.
The Brits got control of the canal, and the Egyptians ended up with all the debts for it.
That's how predatory capitalism has been controlling the world for well over a century, folks.
Coupled with occassional gunboat diplomacy, the odd coupe d' etat here and there, and of course the rare but highly effective precision political assassination, predatory economics is the way to dominate the world.
"price increases could be triggered by political events." for me this is a valid observation of causation, although acute. are you saying this is correlation?
"price increases could be triggered by political events." for me this is a valid observation of causation, although acute. are you saying this is correlation?
Yes, exactly. An 8.0 earthquake isn't caused by whatever happened in the five preceding minutes, or even other 8.0 earthquakes in the previous weeks and months. Altho both of those things may help trigger it.
What actually causes the quake is a long period of slowly mounting pressure that must ultimately culminate in a plate shift. That these large quakes happen in somewhat rapid succession after decades of building to a head doesn't make the triggering effect the actual cause.
You make a good point. But, I don't recall any time when this has been the primary cause of a price hike in oil. But you're right, it could happened. Please do correct me if I'm missing one... at least through the 70's to present. I don't know about beforehand.BUZZZZZZ!
Every price spike in oil has one thing in common. It was always caused by politics. It has never been caused by lack of supply or cost of production. When Sodamn Insane blew up the Kuwaiti oil wells (worlds largest environmental disaster AND cause of a price spike that never truly occurred, the price rise was mild. Even the hurricanes of 2005 did not cause a major spike in the cost to produce.
Only politicians and their tools of stupidity cause price spikes. OPEC embargos, wars, trade restrictions, sanctions, rationing, taxes, tariffs. These are the causes of price spikes.
What stops us from finding more oil? 90% of that is also politics with politicians either banning methods OR putting locations 'off limits' to exploration. Or they slap down punitive taxes and moratoriums on the production of oil so high, the companies justifiably move elsewhere to get somewhere else what a government is too stupid to allow the proper exploitation of their native resources and make money for themselves off it.
Peak Oil is a political fraud. Why is it being perpetrated? Because prosperity destroys the support for progressofascism, and that's who supports this lie.
And to King Chicken Little the Last, Shut up. Nobody with a brain buys your Oludavi trench bullshit.
Your argument discounts the possibility that price increases could be triggered by political events even tho the driving cause of the increase is still scarcity and increased demand. Inflation never sleeps but it isn't realized as a flat progression either. Spikes occur at politically triggered moments.
"price increases could be triggered by political events." for me this is a valid observation of causation, although acute. are you saying this is correlation?
Yes, exactly. An 8.0 earthquake isn't caused by whatever happened in the five preceding minutes, or even other 8.0 earthquakes in the previous weeks and months. Altho both of those things may help trigger it.
What actually causes the quake is a long period of slowly mounting pressure that must ultimately culminate in a plate shift. That these large quakes happen in somewhat rapid succession after decades of building to a head doesn't make the triggering effect the actual cause.
yes, oil prices are just like earthquakes.
Yes, exactly. An 8.0 earthquake isn't caused by whatever happened in the five preceding minutes, or even other 8.0 earthquakes in the previous weeks and months. Altho both of those things may help trigger it.
What actually causes the quake is a long period of slowly mounting pressure that must ultimately culminate in a plate shift. That these large quakes happen in somewhat rapid succession after decades of building to a head doesn't make the triggering effect the actual cause.
yes, oil prices are just like earthquakes.
You obviously can't handle metaphor.
Go play in the sand box.
Well I am saying that it happened to some degree in all of those cases. If for no other reason than that inflation never sleeps while crude oil prices are locked in in advance at fixed rates.
Well I am saying that it happened to some degree in all of those cases. If for no other reason than that inflation never sleeps while crude oil prices are locked in in advance at fixed rates.
I see what you're sayin but have to say you're making a distinction with no meaning here. It is still a politically caused event. Not natural. People reacting to politics in the market is still politics in action.
yes, oil prices are just like earthquakes.
You obviously can't handle metaphor.
Go play in the sand box.
Are oil prices like sand too?
Retard.
Well I am saying that it happened to some degree in all of those cases. If for no other reason than that inflation never sleeps while crude oil prices are locked in in advance at fixed rates.
I see what you're sayin but have to say you're making a distinction with no meaning here. It is still a politically caused event. Not natural. People reacting to politics in the market is still politics in action.
Well I am saying that it happened to some degree in all of those cases. If for no other reason than that inflation never sleeps while crude oil prices are locked in in advance at fixed rates.
I see what you're sayin but have to say you're making a distinction with no meaning here. It is still a politically caused event. Not natural. People reacting to politics in the market is still politics in action.
To you anyway. To me inflation and aggregate demand are causation while triggers are only triggers.
The trigger doesn't propel the bullet, neither does the finger pulling the trigger, the gun powder explosion does.
I see what you're sayin but have to say you're making a distinction with no meaning here. It is still a politically caused event. Not natural. People reacting to politics in the market is still politics in action.
To you anyway. To me inflation and aggregate demand are causation while triggers are only triggers.
The trigger doesn't propel the bullet, neither does the finger pulling the trigger, the gun powder explosion does.
Did you just state that the actual trigger isn't a trigger?
I see what you're sayin but have to say you're making a distinction with no meaning here. It is still a politically caused event. Not natural. People reacting to politics in the market is still politics in action.
To you anyway. To me inflation and aggregate demand are causation while triggers are only triggers.
The trigger doesn't propel the bullet, neither does the finger pulling the trigger, the gun powder explosion does.
Did you just state that the actual trigger isn't a trigger?
To you anyway. To me inflation and aggregate demand are causation while triggers are only triggers.
The trigger doesn't propel the bullet, neither does the finger pulling the trigger, the gun powder explosion does.
Did you just state that the actual trigger isn't a trigger?
No, No, No.
The earthquake is a trigger that makes the gunpowder explode the sand which raises oil prices.