Jiggs put down the bottle. U.K. Leaving is less than ideal. But companies will not stop trading on its them because of it. The vote hurts uk citizens far more than anyone else. The old and less educated and more xenophobic portions of the population were overwhelmed by fear, and that has consequences.

Sorry that your wet dream of ww3 hasn't happened yet.

I mean, no one paying attention to this thought Article 50 would be triggered by now so, OK? The vote wasn't for show, although it is non-binding.

Cameron said he would do it straight away but I think even he knew he was lying or in a state of denial that it would come to this - he also said he wouldn't resign.

Still some hope it will never happen

See? Dick. And that's why.

Straw man central.

A perfect example of why you've earned the reaction that you have. You can stop acting like a victim any time now.

As always, LG misses the point entirely. Read the story.

Wow, you mean leaving the EU is actually messy and going to be complex for the Leave side to navigate?

Shocking stuff, almost as unpredictable as you trying to declare victory on a bet you lost years ago in your now decades long quest to be as wrong as possible about everything you opine on

I love how you keep bringing up this thread, yet didn't respond in the actual thread after I owned you. You seem to be a coward. If you want to discuss it further, why not respond IN THE ACTUAL THREAD that you keep quoting, rather than tarding up every other one?

What precisely do you think "supply glut" means? And a "storage glut"? lol? Too much storage is making the price of oil drop? What are they storing in this storage if not excess oil? You're a weirdo, man. You have to know better than the nonsense you're posting. You're arguing green is red.

Also, demand has been increasing steadily, which you must know. I mean, lol?
You have a great track record with predictions, don't you?

You keep trying to, but like a coward, never actually post in that thread. Are you Greek or something? Did I offend you? I'm sorry, but Greece's problems are entirely cultural. CULTURE is not the same thing as ETHNICITY or RACE. You're a ******, frankly, incapable of separating out issues that are separate (which is why you can't understand the difference between available supply at a reasonable price and Hubbert Peaking). The Greeks were genetically identical to today and geniuses 2000 years ago. Now they're genetically the same and not geniuses, because their culture has changed and gotten very rotten and dysfunctional. It has nothing to do with ethnicity or race. You're a weirdo, man.
How? I believe Buddhist culture to be superior to Hindu culture. I believe Christian culture to be superior to Scientology. I believe Western culture (which gives women and gays rights and freedoms) to be superior to much non-Western culture (which oppresses these people). I believe modern Western culture (which gives women and gays and religions freedoms) to be superior to ancient Western culture (which oppresses these people). None of these have anything to do with race. You have to be very stupid/brainwashed (as many leftists are - even contrasting cultures or ideology is racist to some with race-fevered brains) to conflate the two.

Oh and Jiggs, it's not it's even controversial that Greece's problems are due to its very sick culture. It's been well studied. For example:



A society like this - full of pride and cheating - does not do well. Germans and other northerners have a very different sense of social responsibility, a less unjustified-pride-filled sense of self, and very different work ethic.

You're basically arguing against something where the evidence is strongly against your position. Greek culture sucks, and is the main reason they are where they are.

lol

LOL... I absolutely killed you in that thread. You acting like the armless Black Knight after the fact, doubling down on your obvious racism, doesn't mean I'm required to keep feeding an obvious troll. But I will remind everyone involved each time you pop your racist head into a new thread about what ails the global economy.

This shows, clearly, how much you don't understand the topic at all. It's laughable, at this point.

Oil speculators and analysts have always watched storage levels as an important barometer of where the markets were heading. Still, global storage capacity is all of 3 billion barrels. Global annual consumption is 35 billion barrels. That means global storage holds about a month of consumption. Yeah, what a "glut." .... Learn some perspective, idiot.

Just because you pump, full-bore and at a loss, for a few years as a result of cheap credit, then can't find enough buyers and overrun limited storage capacity amid a sick global economy... that does NOT at all indicate any kind of sustainable model of excess.

Your argument is like suddenly sprinting ahead with 6 miles to go in a marathon and insisting you'll have the fortitude to keep that pace and hold off the steady pack behind you. Arrogant much?

You appear to be confusing consumption with demand. In any event,

"You have a situation where emerging markets in general are extremely weak, that in turn is causing commodity prices to decline rapidly, including oil prices, so rather than saying lower oil prices are a stimulus for the commodity consuming parts of the world, I think you should see lower oil prices as a symptom of weakness in global demand," HSBC's senior economic advisor Stephen King told CNBC.

There's really only one prediction, and it remains right on schedule.

Nice walkback, Farage. In the thread, you ridiculed the Greek people for not being "homogeneous" nor "highly intelligent" like their Northern European betters. Just own it.

If you wanna now hide behind dismissing the Greeks for their culture rather than their intelligence, that still makes you a bigot. But we remember what you said.

In classic victim-blaming form, you assign the ills of the non homogeneous, culture-addled Southern Europeans to their "lazy" and "socialist" inclinations, while simultaneously giving the predatory lenders of "hard-working" Northern Europe a free pass.

Generally, when attempting to quote a passage in support of your agenda (racist or otherwise), standard message board fare is to actually link your source. Are you quoting AfD? Wouldn't surprise me.

It does seem odd to post a picture of an unsourced paragraph rather than a link to source, but I was able to find this: Why can’t Greece shake its corruption problem?

Appeals to unnamed research ("Research has shown that...According to surveys...") should make your spidey-sense of skepticism tingle a bit though.

Yeah, posting an image of a source is a particularly strange (and sketchy) play.

Jiggs knew this price downturn was coming, he just neglected to tell anyone.

That's a strawman and you know it.

Jiggs doesn't know what will happen. It's just that all future possibilities are caused by PEAAAAAKKKKK OIL. So he's never wrong.

Edit: I think I even asked him one time for something that could happen in the near future that would indicate Peak Oil wasn't happening or not that big of a deal. And I'm pretty sure he couldn't do that.

IIRC ZE GERMANS cheated their ass off regarding their labor metrics. Behavior of a few bad apples, or GERMANIC CHEATING CULTURE? Discuss.

Even the experts will admit predicting oil price is a fool's game. No one has had success. What is absolutely indisputable is that the cost of producing oil has steadily increased. It's a main pillar of this discussion that trolls like you don't acknowledge. And with good reason.

Well that's true. Certainly you didn't have success the many, many times you came on here with a news blurb which was going to push the "ever increasing price of oil" to the moon.

By the way, that shooting war with Vietnam and China ever end? Any more Manhattan fire department blog entries to share with us?

What? Sure, oil has gotten more expensive to extract. No one disputes this. We're just a little fuzzy on step 2

1. Oil has gotten more expensive to extract
2. ??????
3. PEAK OILZZZZZZZZZZZZZ
4.

Did the FEMA camps already come and take your gated community's public internet? What a silly question number 2 is! There was an entire book series dedicated to number 2, remember?!?!

I'm not restricting it to predicting oil price.

My point is that your beliefs can not be proven or disproven objectively. You can't make hypotheses from your belief system that could be tested. You basically have your own little religion.

I think this is probably true, but I don't know if we've actually ever seen the proof or actual numbers behind it from Jiggs.

Or, I guess a better way of looking at it - you could rank the price to extract every barrel of oil from cheapest to most expensive and compare that list to an inflation adjusted list from say 20 years ago.

My guess is that the cheapest barrel of oil is significantly cheaper now to extract. My guess is that the most expensive barrel of oil is significantly more expensive now. My guess is that barrel X is generally cheaper now than it was 20 years ago provided at least X number of barrels were produced 20 years ago.

The main factor in pushing up the price per barrel now is the fact that we're extracting more barrels. And the fact that we're extracting a lot more barrels now than we were 20 years ago means its probably likely that we're paying a lot more per barrel.

Why is this distinction important? Well it gets back to Jiggs claim that "Economic Growth requires continuously more oil to be produced". But we're a ways away from having this discussion there because Jiggs still can't answer a simple yes/no question.

I did an image because when I tried to copy/paste, it came up as characters with spaces every word. Relax, guys.

I didn't think you guys were so poorly read that you weren't aware that everything I've said is true (I would expect that of Jiggs, however).

Greek problems are entirely the result of culture that creates and sustains corruption, tax evasion, selfishness, avoidance of reality.

Here's a working paper about the sickness and stupidity in Greek culture.
It's written by several very prominent Greeks, basically a who's who of prominent Greek academics, including a Professor Emeritus of Political History at the University of Athens, who served as President of Greece’s National Council of Education, 2004 - 2010.

I guess they're all anti-Greek bigots! Some of many quotes:

Note the weird, irrational, conspirtorial thinking, which Jiggs shares. This is widespread in Greece. Rather than look at themselves, and their own government and choices, they blame the outside world for their ills, in a very irrational manner.

What would a country full of Jiggs look like, economically? That's basically Greece.

These cultural differences are one of the reasons the EU is doomed, both economically and politically. Note the lack of cultural homogeneity. Note the lack of intelligence (as a result of their culture - Greek intelligence is of course genetically the same as everywhere else). You can't fix people from the outside who are this deeply irrational and yet filled with pride and hubris, who others for their own failures. Look at Jiggs - even real world data showing ample oil at not-terrible prices, and the complete failure of his own predictions, haven't dented his conspiratorial beliefs. It's very Greek of him.

The economy and culture of Germany is wholy incompatible - and always will be - with somewhere like Greece. Sharing a common currency and regulations is a disaster. So Jiggs is right about the EU being doomed, but not for the reasons he thinks.

I made perhaps 20 references to Greece's cultural ills in that thread. It's obvious what I was saying, but you are so "Greece is great, this is the EU's fault", that you can't even parse what I'm saying. The idea that German culture would be far more rational and productive and creating of an intelligent worldview and a healthy society than Greek culture is so foreign to you that you take such obvious and incontestable points as "racism".

Your claim that what I said is racist is as silly as your points on peak oil. Perhaps you'll listened to your own countrymen that say exactly what I do.

You're absolutely 'restricting' it to not include the cost of production... even your tortured assessment in response the Keeed contradicts itself three times over in regards to production cost.

This would only be true if you could prove oil is an infinite resource. It isn't. Hubbert's model isn't a "belief system," you tw**. It's an acknowledgement of natural limits, and an understanding of depletion - concepts you reject out of hand.

We're seeing it tested today as we speak, with the vast majority of OECD nations clearly past peak, and the only nation that's been offsetting that decline now dropping like a stone, itself. And by most every metric, economic growth for advanced societies is slowing right along with it.

Surely, it takes a while for the effects (production totals) to be plain for denialists like you, but this table from Baker Hughes is pretty f***ing "testable."




The irony here is poetic. You guys in the Church of Hopium really need to take a long look in the mirror.