Please.Kmarion wrote:
How is that making any sense? Iraq is stabilizing, oil production is up, and Iraqi revenues are predicted to be high. I can show you what happened the exact day prices started to fall if you want.sergeriver wrote:
Because the US will leave Iraq?Kmarion wrote:
So why has it come down nearly 45 dollars?
http://forums.bf2s.com/viewtopic.php?id=105187
Oil speculators have been losing money ever since.
Oil speculators have been losing money ever since.
Xbone Stormsurgezz
WW3 isn't going to start over us dropping Georgia some sammichs. stfu with this ww3 stuff.
I have no idea what that has to do with the nintendo wii though.
I have no idea what that has to do with the nintendo wii though.
No need to call the guy names, serge.sergeriver wrote:
No, he's an idiot.FEOS wrote:
Has Mr Stiglitz explained how a war that has not affected production one iota has somehow increased the cost of oil sixfold--that is, instead of increased global demand (to include the two countries that have 1/3 of the world's population)?
http://www.eia.doe.gov/cabs/Iraq/OilExports.htmlIraq’s inability to secure crude pipelines in the north has meant that exports are generally routed through the southern port of Basrah. According to IRMO/ITAO, crude oil exports have fallen from a post-war high of around 2.0 million bbl/d in 2004, to an average of 1.5 million bbl/d in 2006.
A lack of continuous refining operations has forced the GoI to import light fuels, relying heavily on deals brokered by the USG and the MoO with neighboring countries including Turkey, Iran, Syria and Kuwait. According to SOMO, in May 2006, imports of refined products totaled nearly 160,000 bbl/d. Before the war, Iraq was a large exporter of petroleum products and crude. However, according to the IMF, imports have cost the GoI close to $2.5 billion annually since 2004. In early 2007, the GoI liberalized the fuel import market and now relies on private importers of refined products to meet local demand.
All that shit you posted has fuckall to do with the recent meteoric rise in oil prices. It's a drop in the bucket of the overall world market.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
FEOS wrote:
It's a drop in the bucket of the overall world market.
Xbone Stormsurgezz
As well as the 'cold war is back on' stuff. Imho, this is an uptick in tensions, which is bad, but it is being blown out of proportion. I don't buy that this situation signals a new round of Russian invasions, or as some of the pundits are saying, 'a resurgent Russia'.Ajax_the_Great1 wrote:
WW3 isn't going to start over us dropping Georgia some sammichs. stfu with this ww3 stuff.
I have no idea what that has to do with the nintendo wii though.
IRT the siderail about oil price -- it's an example of the 'war for oil rhetoric' vis a vis Iraq taking root, you see even intelligent people fall into it, and then conflate the rise in prices entirely to the iraq thing, while ignoring everything else.
Demand with China and India is part of it, but I would figure in tension with Iran and oil shipping (Hormuz) troubles in Nigeria, even crazy talk from Chavez. Put it all together for the larger picture.
Add to that that it only takes Talk from our gov't about drilling to send the price down...
Kmarion said he's an idiot. And thanks for saying that what I posted is shit. You guys are hilarious. You can say the Iraq war is a drop in the bucket but I can't say the same about India and China, when Joseph Stiglitz thinks the increase in their demand could have been covered without problem.FEOS wrote:
No need to call the guy names, serge.sergeriver wrote:
No, he's an idiot.FEOS wrote:
Has Mr Stiglitz explained how a war that has not affected production one iota has somehow increased the cost of oil sixfold--that is, instead of increased global demand (to include the two countries that have 1/3 of the world's population)?
http://www.eia.doe.gov/cabs/Iraq/OilExports.htmlIraq’s inability to secure crude pipelines in the north has meant that exports are generally routed through the southern port of Basrah. According to IRMO/ITAO, crude oil exports have fallen from a post-war high of around 2.0 million bbl/d in 2004, to an average of 1.5 million bbl/d in 2006.
A lack of continuous refining operations has forced the GoI to import light fuels, relying heavily on deals brokered by the USG and the MoO with neighboring countries including Turkey, Iran, Syria and Kuwait. According to SOMO, in May 2006, imports of refined products totaled nearly 160,000 bbl/d. Before the war, Iraq was a large exporter of petroleum products and crude. However, according to the IMF, imports have cost the GoI close to $2.5 billion annually since 2004. In early 2007, the GoI liberalized the fuel import market and now relies on private importers of refined products to meet local demand.
All that shit you posted has fuckall to do with the recent meteoric rise in oil prices. It's a drop in the bucket of the overall world market.
FFS, Nancy. I used shit colloquially.sergeriver wrote:
Kmarion said he's an idiot. And thanks for saying that what I posted is shit. You guys are hilarious. You can say the Iraq war is a drop in the bucket but I can't say the same about India and China, when Joseph Stiglitz thinks the increase in their demand could have been covered without problem.FEOS wrote:
No need to call the guy names, serge.sergeriver wrote:
No, he's an idiot.FEOS wrote:
Has Mr Stiglitz explained how a war that has not affected production one iota has somehow increased the cost of oil sixfold--that is, instead of increased global demand (to include the two countries that have 1/3 of the world's population)?
http://www.eia.doe.gov/cabs/Iraq/OilExports.html
All that shit you posted has fuckall to do with the recent meteoric rise in oil prices. It's a drop in the bucket of the overall world market.
I'm sure the increase in India and China's demand could be covered with existing production capability. The problem is that supply is being kept lower than demand calls for in order to keep prices up. That has nothing to do with the Iraq war.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
serge WANTS it to be the reason because thats all they have been arguing about for the past year. when you show him otherwise, he cant accept the fact he has been wrong for a year.
Lol @ Nancy dude.FEOS wrote:
FFS, Nancy. I used shit colloquially.sergeriver wrote:
Kmarion said he's an idiot. And thanks for saying that what I posted is shit. You guys are hilarious. You can say the Iraq war is a drop in the bucket but I can't say the same about India and China, when Joseph Stiglitz thinks the increase in their demand could have been covered without problem.FEOS wrote:
No need to call the guy names, serge.
All that shit you posted has fuckall to do with the recent meteoric rise in oil prices. It's a drop in the bucket of the overall world market.
I'm sure the increase in India and China's demand could be covered with existing production capability. The problem is that supply is being kept lower than demand calls for in order to keep prices up. That has nothing to do with the Iraq war.
I agree with what you say about the supply being kept lower. But again, I think they do that using the War in Iraq as an excuse to speculate with oil price.
They?usmarine wrote:
serge WANTS it to be the reason because thats all they have been arguing about for the past year. when you show him otherwise, he cant accept the fact he has been wrong for a year.
That's only valid if you think that the speculators wouldn't have found some other reason to do what they've done. And if you think that, I've got some prime ocean-front property in Wyoming for you.sergeriver wrote:
I agree with what you say about the supply being kept lower. But again, I think they do that using the War in Iraq as an excuse to speculate with oil price.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
Well, I won't be swimming in the ocean but I can find a dino there.FEOS wrote:
That's only valid if you think that the speculators wouldn't have found some other reason to do what they've done. And if you think that, I've got some prime ocean-front property in Wyoming for you.sergeriver wrote:
I agree with what you say about the supply being kept lower. But again, I think they do that using the War in Iraq as an excuse to speculate with oil price.
yes, a handful of you media sheep on here.sergeriver wrote:
They?usmarine wrote:
serge WANTS it to be the reason because thats all they have been arguing about for the past year. when you show him otherwise, he cant accept the fact he has been wrong for a year.
Oh, I see. Unlike you, I don't have the information handed right to me so I rely on the media. I suppose that makes me a media sheep. Beh beh.usmarine wrote:
yes, a handful of you media sheep on here.sergeriver wrote:
They?usmarine wrote:
serge WANTS it to be the reason because thats all they have been arguing about for the past year. when you show him otherwise, he cant accept the fact he has been wrong for a year.
Serge stopped debating a few post ago. I tried to explain why I had my opinion on market conditions (supply-demand, and oil based on a falling dollar). I apply critical thought to all my arguments. Dropping names repeatedly is no way to stimulate the mind.FEOS wrote:
FFS, Nancy. I used shit colloquially.sergeriver wrote:
Kmarion said he's an idiot. And thanks for saying that what I posted is shit. You guys are hilarious. You can say the Iraq war is a drop in the bucket but I can't say the same about India and China, when Joseph Stiglitz thinks the increase in their demand could have been covered without problem.FEOS wrote:
No need to call the guy names, serge.
All that shit you posted has fuckall to do with the recent meteoric rise in oil prices. It's a drop in the bucket of the overall world market.
I'm sure the increase in India and China's demand could be covered with existing production capability. The problem is that supply is being kept lower than demand calls for in order to keep prices up. That has nothing to do with the Iraq war.
PS: China and India's demand has been covered. There is no shortage (yet). Future supply uncertainties have dictated the price.
Xbone Stormsurgezz
I went to sleep dude. What names besides Stiglitz did I drop? The problem with you guys is that you think your argument is so consistent that anything else out there is pure bull.Kmarion wrote:
Serge stopped debating a few post ago. I tried to explain why I had my opinion on market conditions (supply-demand, and oil based on a falling dollar). I apply critical thought to all my arguments. Dropping names repeatedly is no way to stimulate the mind.FEOS wrote:
FFS, Nancy. I used shit colloquially.sergeriver wrote:
Kmarion said he's an idiot. And thanks for saying that what I posted is shit. You guys are hilarious. You can say the Iraq war is a drop in the bucket but I can't say the same about India and China, when Joseph Stiglitz thinks the increase in their demand could have been covered without problem.
I'm sure the increase in India and China's demand could be covered with existing production capability. The problem is that supply is being kept lower than demand calls for in order to keep prices up. That has nothing to do with the Iraq war.
PS: China and India's demand has been covered. There is no shortage (yet). Future supply uncertainties have dictated the price.
That's only because it's true.sergeriver wrote:
The problem with you guys is that you think your argument is so consistent that anything else out there is pure bull.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
This Wwiii thing does it come with a decent controller?