Quote:
Originally Posted by RowCoach
I'm the one with the surface level understanding?? It's what Econ 101 had been predicting this entire time.
Price goes up. Demand falls, supply increases.
Except, supply isn't really increasing, no matter how much your heroes change the defintion of oil to fit your soft science narrative. This is well documented, you might wanna do a bit more reading.
Your thread is begging for response, because you routinely don't know what you're talking about. But then, you won't read any of the abundant mainstream links I would provide tossing your dumb rationale in the toilet. Just like last time you entered the ring and got shut down.
Quote:
Originally Posted by RowCoach
Peak oil in the U.S turns out to not be true, because technological advances and the profit incentive enable suppliers to extract oil from fields they had not been able too before.
LOL... then why is foreign investment drying up, and oil majors dumping capital expenditures to the tune of 15-40%?
The tech advances you troll about are enormously expensive and ONLY supported by ponzi scheme investment fraud. Meanwhile, the decline rate of those frack wells are clifflike. You gotta keep building exponentially more and more $5-10 million wells just to keep standing in place. Go you have ANY grasp of logistical limits?
See, the world can't afford $100 oil. And oil producers need oil closer to $125-$150... that's a real problem for your perpetual "no problem" outlook on the world.
Quote:
Originally Posted by RowCoach
I stated as much years ago. You didn't listen then, you won't listen now.
It's not that I wouldn't listen. It's that you were dead wrong, and don't have the mental capacity to understand what's being argued. To review: Cheap energy dictates to the markets you perpetually worship. Not the other way around.
Without cheap energy, the engine seizes up. We're seeing that to increasing degree with each passing month. And now that cash injection is finally over, and dumb investment has wised up, it's just a matter of time.
You geniuses were chirping the same pretentious "loljiggs" nonsense in late 2008 when the price plunged over a hundred dollars. And I was there to remind you Pollyannas that it would go right back up in short order. And it did.
Just stop posting, or man up and take it to UC where you're not protected by mods who won't let me educate you.
Last edited by JiggsCasey; 10-19-2014 at 12:29 AM.