Lower Oil Prices Are a Free-Market Victory

[Busybody]

if you recall

in 2008 when oil was going towards 150....I said it was 100% speculation and psychology and that if MARGIN rates were increased oil would drop.....when Bush said DRILL everywhere, oil started its plunge the NEXT DAY

by and large, oil price is a function of momentum and psychology and virtually zero with supply and demand (absent an extraordinary event, and that is momentary)

when the first Iraq war hit, we were TOLD that oil would be $200.....the minute Baker said the word, REGRETABLY, oil went up fro an hr and DROPPED for weeks

PSYCHOLOGY and MOMENTUM

 

[4est_4est_Gump]

I think I can, I think I can...

 

[RobDownSouth]

That answers the 'con' part of the posited question.

Our increased domestic oil production, which came about in spite of the administration efforts, has reduced our dependence on foreign oil by 25%. And that is indeed a HUGE percentage. But looking at the bigger picture, the EU/US/Japan oil consumption as dropped by 5 million bbl/day over the past 4 years. BUT, the demand by the rest of the world has increased by 12 million bbl/day over the same period. A net increase in demand of 7 million bbl/day. Our increased domestic production would explain an easing of market prices, but can not explain the precipitous drop that we're observing.

Again, our domestic production set the stage that is allowing the Saudi's to execute this plan. And now that that train is in motion are we up in the locomotive with the engineer, or back in coach with the rest of the passengers?

Ishmael

Demand for oil has weakened significantly since June 2014, a fact that you seem too stupid to acknowledge.

There's a good article HERE that might lessen your ignorance some. It explains in simple language the various factors that caused the price of oil to plummet.

• Slowing global economic growth;
• Rising global oil production (especially in North America);
• Unexpected resumption of oil production in Libya, Nigeria, South Sudan and Iraq;
• Increasing energy efficiency, a response to three years of oil prices in excess of $110 per barrel, which, in turn, had an impact and continues to impact long-term global demand;
• A decision by Saudi Arabia in August 2014 to cut oil production by 400 thousand barrels per day, an attempt to defend its market share in the face of falling global oil prices;
• Record oil output from Russia;
• Surging natural gas liquids and hydrocarbon gas liquids production outside the OPEC quota system;
• Natural gas eating away oil’s market share as a refining fuel and as a feedstock in petrochemicals;
• The decision by Japan to restart some of its nuclear reactors, reducing forward demand for fuel oil in the power sector;
• Dumping of oil onto the marketplace by hedge fund managers who had gone long on oil prices (by some estimates as much as two million barrels per day) in anticipation of further price rises – the hedge funds had no alternative but to liquidate their positions when the market turned against them.

You will note that the above list does not mention your pet theory (Saudi skullduggery against the dastardly Iranians). This is because the article stresses facts, not your typical tin-foil hat nuttery.

 

[4est_4est_Gump]

RobDownSouth
This message is hidden because RobDownSouth is on your ignore list.

You finally made a list: one of the ten lowest forms of content on Lit.

Own it with pride!

 

[Busybody]

nothing is thst list is anything that hasnt been around for a while

and could have caused such a huge drop

Otiose, indeed

Demand for oil has weakened significantly since June 2014, a fact that you seem too stupid to acknowledge.

There's a good article HERE that might lessen your ignorance some. It explains in simple language the various factors that caused the price of oil to plummet.

• Slowing global economic growth;
• Rising global oil production (especially in North America);
• Unexpected resumption of oil production in Libya, Nigeria, South Sudan and Iraq;
• Increasing energy efficiency, a response to three years of oil prices in excess of $110 per barrel, which, in turn, had an impact and continues to impact long-term global demand;
• A decision by Saudi Arabia in August 2014 to cut oil production by 400 thousand barrels per day, an attempt to defend its market share in the face of falling global oil prices;
• Record oil output from Russia;
• Surging natural gas liquids and hydrocarbon gas liquids production outside the OPEC quota system;
• Natural gas eating away oil’s market share as a refining fuel and as a feedstock in petrochemicals;
• The decision by Japan to restart some of its nuclear reactors, reducing forward demand for fuel oil in the power sector;
• Dumping of oil onto the marketplace by hedge fund managers who had gone long on oil prices (by some estimates as much as two million barrels per day) in anticipation of further price rises – the hedge funds had no alternative but to liquidate their positions when the market turned against them.

You will note that the above list does not mention your pet theory (Saudi skullduggery against the dastardly Iranians). This is because the article stresses facts, not your typical tin-foil hat nuttery.

 

[Busybody]

[*]A decision by Saudi Arabia in August 2014 to cut oil production by 400 thousand barrels per day, an attempt to defend its market share in the face of falling global oil prices;

[/LIST]

You will note that the above list does not mention your pet theory (Saudi skullduggery against the dastardly Iranians). This is because the article stresses facts, not your typical tin-foil hat nuttery.

That supports ISH....but Otiose South doesn't get it

 

[RobDownSouth]

RobDownSouth
This message is hidden because RobDownSouth is on your ignore list.

You finally made a list: one of the ten lowest forms of content on Lit.

Own it with pride!

I invite everyone to review The Kraft Rulez, which have covered typical conservative responses on the Literotica General Board since 2009.

 

[unregistered]

 

[Adre]

There is Saudi Arabian skullduggery against American producers, you fail to mention.

It's called a free market, remember?

 

[Que]

It's called a free market, remember?

There are free-market influences, but no one calls oil a truly 'free-market.'

The point of the thread is the degree to which free-market forces have overcome the brakes applied to it by climate-scare types and the influence of OPEC.

 

[Adre]

There are free-market influences, but no one calls oil a truly 'free-market.'

The point of the thread is the degree to which free-market forces have overcome the brakes applied to it by climate-scare types and the influence of OPEC.

Well, the guy who started the thread did, he named the thread after it. But you keep up your opinion as fact mode. Are you gonna school me on annualization again?

 

[BotanyBoy]

PS - Obama needs to retreat again; the Americans are within mortar range, or are you still all for the death of our troops?

I'm not the one supporting your welfare war/holy crusade, that would be you

Unless you can point to what exact benefits the US is getting out of a long term occupation of Iraq??? Moar gubbmint contracts......don't count.

There are free-market influences, but no one calls oil a truly 'free-market.'

Except right wingers when it's convenient for their shit talk about how all forms of evil socialism known as gubbmint and how much better total anarchy would be.

Just ask eyer, he hates gubbmint so much he doesn't even travel on paved roads anymore....

 

[Busybody]

Well, the guy who started the thread did, he named the thread after it. But you keep up your opinion as fact mode. Are you gonna school me on annualization again?

stfu....

 

[4est_4est_Gump]

There are free-market influences, but no one calls oil a truly 'free-market.'

The point of the thread is the degree to which free-market forces have overcome the brakes applied to it by climate-scare types and the influence of OPEC.

You mean its not a tribute thread to the President Green Initiatives?

You would have thought so with all of the cries of anguish proclaiming that it was everything BUT "Drill baby, drill" and Private Sector enterprise.

Clearly with all of the stimulus spending on bird choppers and fryers, we had no use for oil and so demand went down so much that the producers had to stop gouging us at the pump...

:nods:

Why is world-wide demand down so much if Keynesian non-austerity is such an economic winner?

 

[4est_4est_Gump]

I'm not the one supporting your welfare war/holy crusade, that would be you

Unless you can point to what exact benefits the US is getting out of a long term occupation of Iraq??? Moar gubbmint contracts......don't count.



Except right wingers when it's convenient for their shit talk about how all forms of evil socialism known as gubbmint and how much better total anarchy would be.

Just ask eyer, he hates gubbmint so much he doesn't even travel on paved roads anymore....

I'm not the one supporting ISIS and Socialism, that would be you.

What occupation of Iraq? We were only going to leave some security and training forces to give the army a spine, but your President is not a fan of a stiff backbone, so he bugged out, he took his eye off the ball, he proclaimed "Mission Accomplished."

You were so joyful when he did. Why are you celebrating the loss now?

 

[BotanyBoy]

I'm not the one supporting ISIS and Socialism, that would be you.

Ascription fail....

What occupation of Iraq?

Newsflash...2003-2011 we occupied Iraq and you clearly think we should have stayed.

Ending the wars was a pretty exceptional idea.



Winning would have been better, but yeah...

How much longer, how many trillions, how many lives should we expend on Iraq and WHY?

I'm betting you do the conservitard chicken shit thing and once again outright REFUSE to answer that. So keep dancing around it bitch

We were only going to leave some security and training forces to give the army a spine, but your President is not a fan of a stiff backbone, so he bugged out,

Why would we do that? What do we get out of it? For how much longer we were there for 9 fucking years.....with like zero improvement in the last 7. How much should we spend on it? For what reason? What does the american tax payer get out of it?

Oh that's righ ah-buhhh ah-buhhh ah geee THE KAWNSTERTEWSHUN IS FREEDUMB AND IRAQ NEEDS SOME OF IT!! YEA AND SOCIALISM BAD!! HURR HURR HURRR

he took his eye off the ball,

WHAT BALL??? Articulate, define, draw a fucking picture and scan it what ever....but what was the ball? A forever war fucking about with a PC military occupation over religious zealots in some worthless 3rd world shit hole?

WHAT? What is the objective? Where is the surrender where they get to be our economic/political bitches for the next 200 years? Fuck the outright annexation and exploitation of natural resources? IS there any bottom line?

Where them dollaz at man? Oil? Goats and pigs??
http://25.media.tumblr.com/tumblr_lfgsj5EkvA1qgxm4ao1_500.gif

he proclaimed "Mission Accomplished."

Because the mission was to get Halliburton and homeboys richer than EVERYBODY.....COMBINED.

You were so joyful when he did. Why are you celebrating the loss now?

If you immediately know the warm feeling is shit, then the meal was cooked a long time ago.

 

[4est_4est_Gump]

Oh the denial and consternation gives me lulz...



Just admit that you're a Socialist hater and we can move on. We're tired of your Democrat talking points and us verses them posture on every single issue. It is clear that you prefer the extremism of your current allies than you do the fate of the women and children of Iraq; especially the thousands of Christians that have been beheaded, dislocated, robbed, burned out or forced to convert first. You keep making it quite clear that that's how much you hate Christianity.

We get that. It is infantile, cute, amusing funny and a little pathetic all at once.

LULZ!
​

 

[BotanyBoy]

Oh the denial and consternation gives me lulz...



Just admit that you're a Socialist hater and we can move on. We're tired of your Democrat talking points and us verses them posture on every single issue. It is clear that you prefer the extremism of your current allies than you do the fate of the women and children of Iraq; especially the thousands of Christians that have been beheaded, dislocated, robbed, burned out or forced to convert first. You keep making it quite clear that that's how much you hate Christianity.

We get that. It is infantile, cute, amusing funny and a little pathetic all at once.

LULZ!
​

Oh peddle that "poor Christians of Iraq" shit elseware...if it was about doing what is right and really playing world police for altruistic reasons why haven't we so much as given a fuck about any of the other atrocities going on world wide in EVER?

Because that's a bullshit argument right up there with freedumb fries, it's not about the poor Christians of Iraq, unless you're willing to admit you support US military action in support of a religious war..... Which I think there might be a degree of truth too...man you bat shit Christians sure do have a fuckin' boner for warring it upon Arabs.

It's either that or the money....I think it's 90% the money, 10% crazy Christians, what do you think welfare willy? OR would you like to point out the clear and present benefit to the US of A that the war you think we should have stayed in would have brought us. Hmm? Want to explain Eyer WHARRR IRAQ!! = prosperous M'uricuh??

Yeaaaaa...I hear some more shit talk coming

 

[4est_4est_Gump]

LULZ

I say hate the Christians and *pop* goes the weasel!

 

[BotanyBoy]

Yeaaaaa...I hear some more shit talk coming

Did I call it or WHAT? LMFAO!!!!

Can't point out the bottom line because the only ones left on the table don't fit yer RW dick suck narrative......

I wonder, do you want the war in Iraq to go on/should have stayed on FOREVER at ANY price tag..... because Christian crazy, RWCJ welfare or just because eyer love war. I guess we will never know...

 

[4est_4est_Gump]

Lulz...

It's still going on thanks to Obama.

Do you always just repeat what they tell you to say?

 

[Sean]

Lulz...

It's still going on thanks to Obama.

Do you always just repeat what they tell you to say?

Irony.

 

[unregistered]

 

[SgtSpiderMan]

Buried under 60 tons of left wing regulation...a real free market.

A free market.....? Like Somalia?

https://www.youtube.com/watch?v=7QDv4sYwjO0

 

[BotanyBoy]

Lulz...

It's still going on thanks to Obama.

Do you always just repeat what they tell you to say?

Keep dodging the fact that you're RW brain washed into being pro war in Iraq and you can't even begin to articulate anything approaching a sane reason why.

Because religious war or welfare war....take your pick or combo it up there Christian Neocon.

Buried under 60 tons of left wing regulation...a real free market.

^^LMFAO

A free market.....? Like Somalia?

https://www.youtube.com/watch?v=7QDv4sYwjO0

Vettey doesn't want free markets....he's too stupid or partisan hack brain washed to know it too.

He likes law and order....he likes regulations just not LW ones and he can't admit it because it flies in the face of his FOX approved "Freedumb!!" rants.