2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy Jetson who wrote (1329)	10/21/2005 5:12:39 PM
From: Wharf Rat	Read Replies (1) of 218430

"We reached the point where demand out-stripped oil supply in 1978. Just a soon as people got used to it, oil prices collapsed." Yep, altho artificial political shortages. Caused a recession, followed by inflation, for us to "get used to it". Should happen more frequently the next 10-20 years. That's called demand destruction. "As for refined products, not even one American refinery has been selling their products to India or China." No, but others do, and they will sell to the highest bidder, which is why Yemen, Indonesia, Zimbabwe, etc are SOL. "sour oil is all they can get their hands on." Light sweet has already peaked... I'm writing this after last week’s story that oil extraction rates from Western oil majors have peaked and are now in decline. This week we learn that light sweet crude oil has also peaked globally and is now in decline. This information has come to us from a most unexpected source, the Organisation of Petroleum Exporting Countries (OPEC) itself. OPEC publish a monthly report on the global oil market and the August 2005 issue has data on non-OPEC and OPEC oil extraction by weight and sulphur content from 2000 to 2004. Message 21624772

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next