previously, the collapsing on crude oil is very useful when coronavirus attacked because at that time many front liners are needed to have more crude oil to stock for an emergency. Because the oil price is still having an unpredicted cycle so we couldn't expect the regular price increase or decrease' that's why at that time many traders are buying while at low prices to sell it. And waiting for when the price up to the highest demand. And actually, through this situation many poor countries are grateful for the decline.
Many of these poor countries also sell oil, so if you average the slight increase of quality life for the importer with the catastrophic consequences for the exporters,I don't know it's a good situation... 
Topic: Collapse of crude oil prices (Read 1608 times)
Another news about miracle batteries ...
Battery technology has been evolving steadily for the last 20 years, but by only reading headlines concerning batteries we could think space travel could be fully powered by batteries by now
Battery technology has been evolving steadily for the last 20 years, but by only reading headlines concerning batteries we could think space travel could be fully powered by batteries by now
Maybe in other countries, the battery is considered a mere figment. But the people in my country witnessed until now how China has influenced the policies of officials in my country so that China can hegemony the raw material for batteries in Indonesia. 29 of the 32 nickel smelters in Indonesia are owned by China. The government prohibits miners from exporting raw nickel, so it must be sold to Chinese smelters at lower prices.
In addition, there is also the practice of smelters that were built in Indonesia not to finish the product but only to the cleaning process (NPI-nickel pig iron). In the process that is discarded is the element that has no economic value but the iron, nickel, lithium, and mineral minerals are rarely contained and what is paid in the NPI product is only the nickel content, while the other elements are a bonus.
Technology is moving so fast that even though the progress made by China is only forgetting the repetition of research that has been going on for twenty years, the term excellence is nothing but repetition. Who knows in a few years China or other countries have created portable batteries that can be a source of rocket energy.
Economic collapse is always bad. Even if this does not happen in your country, a chain reaction occurs. Humanity can overcome the crisis only if it joins forces. But the oil situation has shown that this will not happen.
thats the main reason why food price skyrocket but the demand got lowered because people are budgeting because some jobs havent resumed yet . most people only ate 2 times a day but some unfortunate people are happy if they can eat once a day. on most part of our country , they are now starting to resume . transportation are getting lively now so i expect that price of crude oil will now rise . fare for transportation did increased too because they limit the required passenger just to follow social distancing
Or there can also be surprises from China for alternative renewable and inexpensive energy sources, namely the use of lithium batteries. Some news circulating that the CATL company is ready to accept orders for lithium-ion batteries with new power can hold up to 2 million kilometers or 5 times the power of the strongest lithium batteries now, or equivalent to the use of about 20 years (it assumed used 400 km per day). Will China plan to shift the world pendulum which relies on fossil energy (America) to China as a new renewable energy hegemon.
http://www.cleanfuture.co.in/2020/06/10/catl-produce-battery-2-million-kms/
Battery technology has been evolving steadily for the last 20 years, but by only reading headlines concerning batteries we could think space travel could be fully powered by batteries by now
thats the main reason why food price skyrocket but the demand got lowered because people are budgeting because some jobs havent resumed yet . most people only ate 2 times a day but some unfortunate people are happy if they can eat once a day. on most part of our country , they are now starting to resume . transportation are getting lively now so i expect that price of crude oil will now rise . fare for transportation did increased too because they limit the required passenger just to follow social distancing
Or there can also be surprises from China for alternative renewable and inexpensive energy sources, namely the use of lithium batteries. Some news circulating that the CATL company is ready to accept orders for lithium-ion batteries with new power can hold up to 2 million kilometers or 5 times the power of the strongest lithium batteries now, or equivalent to the use of about 20 years (it assumed used 400 km per day). Will China plan to shift the world pendulum which relies on fossil energy (America) to China as a new renewable energy hegemon.
http://www.cleanfuture.co.in/2020/06/10/catl-produce-battery-2-million-kms/
Due to the epidemic the prices of everything in general have come down. When the epidemic is back under control everything will be the same again Prices will go up and demand will go up. This problem has arisen not only in the case of oil but also in the case of economic disruption The mines are not working properly.
Not everything. Price of food went up. People cooked and eat more since were at home. I am sure some other things needed for staying at home went up. Prices of clothes and shoes decreased. You use shoes only when walk outside.
you got it right . thats the main reason why food price skyrocket but the demand got lowered because people are budgeting because some jobs havent resumed yet . most people only ate 2 times a day but some unfortunate people are happy if they can eat once a day. on most part of our country , they are now starting to resume . transportation are getting lively now so i expect that price of crude oil will now rise . fare for transportation did increased too because they limit the required passenger just to follow social distancing
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Those oil tankers would have no other choice, but to dump the oil in the ocean to save costs/expenses. It is going to be crazy.
That would be an act of war, when the oil tanker can burn quite low grade fuel and requires alot of it to move about I dont think they have any requirement to be dumping fuel. Those who have no ownership of a tanker and then bought oil they cannot store are in more of a fix hence the extreme moves for a resource being priced as trash. They can do all kinds of things with spare energy including pumping large amounts of water up hill in order to store that energy for future spike demand and others things, I cant swear its especially profitable but theres always going to multiple avenues for spare energy and projects to profit from it.
We do waste every single day giant amounts of energy from the sun after all, also other kinds like hydro power, waves, tidal power and lots more natural energy. This oil surplus is just something slightly new and temporary.
Due to the epidemic the prices of everything in general have come down. When the epidemic is back under control everything will be the same again Prices will go up and demand will go up. This problem has arisen not only in the case of oil but also in the case of economic disruption The mines are not working properly.
Not everything. Price of food went up. People cooked and eat more since were at home. I am sure some other things needed for staying at home went up. Prices of clothes and shoes decreased. You use shoes only when walk outside.
you got it right . thats the main reason why food price skyrocket but the demand got lowered because people are budgeting because some jobs havent resumed yet . most people only ate 2 times a day but some unfortunate people are happy if they can eat once a day. on most part of our country , they are now starting to resume . transportation are getting lively now so i expect that price of crude oil will now rise . fare for transportation did increased too because they limit the required passenger just to follow social distancing
I don't believe their side of "what happened". I believe my theory/forecast of "oil spills" is actually now happening, because the cost of storage is too much to maintain. Quickest to solve the problem, dump the oil, invent a story.
https://edition.cnn.com/2020/06/03/europe/russia-putin-oil-spill-norilsk-intl/index.html
https://edition.cnn.com/2020/06/03/europe/russia-putin-oil-spill-norilsk-intl/index.html
You realize that if this was true because of an oil glut they would have spilled raw oil and not already refined diesel fuel, right?
It makes no sense to pump all that oil to the refinery, refine it to diesel, send it to a storage deposit and then dump it in a river, if they wanted to dump oil they could have done so with a crude pipe in Siberia, not dump it in a river 40 km from the point to which this goes in the Enisei, for the entire world to see.
You're actually right, I'm sorry. I was only so excited for my theory to be right.
I'm not hoping it will actually be right, but I believe some oil storage facilities, and ships will dump oil as part of their cost-cutting plan.
https://bitcointalksearch.org/topic/m.54330150
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2021 - 2026 won't be good years to practice Pescatarianism. Hahaha.
https://twitter.com/subnut/status/1255081820938539008
Those oil tankers would have no other choice, but to dump the oil in the ocean to save costs/expenses. It is going to be crazy.
Yes, the price of crude oil is going low in almost six months. But here in my country , the crude oil price is going up a little by little because the government need some budget to back up a loss budget that used in to fight a pandemic crisis.
Many countries had started easing their lock-down invariably many people are putting their vehicle on the road definitely the demand for crude oil had started rising which will definitely continue in the next few month to come, many countries whose economy are oil dependent or as source of revenue has their budget ran into deficit already as a result of this pandemic those countries would have to borrow to cover up their deficit else their economy will spell doom to their citizens. Due to the epidemic the prices of everything in general have come down. When the epidemic is back under control everything will be the same again Prices will go up and demand will go up. This problem has arisen not only in the case of oil but also in the case of economic disruption The mines are not working properly.
Not everything. Price of food went up. People cooked and eat more since were at home. I am sure some other things needed for staying at home went up. Prices of clothes and shoes decreased. You use shoes only when walk outside.
Not everything. Price of food went up. People cooked and eat more since were at home. I am sure some other things needed for staying at home went up. Prices of clothes and shoes decreased. You use shoes only when walk outside.
Yes, a lot of things actually rose in price, unfortunately, I think that the price of food will never get down from this point.
Stocks like takeaway & hello fresh had an extreme increase cause of the demand of all those people who we're not going outside. I expect them to correct in a month or three, maybe not for takeaway as many people now know how convenient it is to order (fast)food online.
Due to the epidemic the prices of everything in general have come down. When the epidemic is back under control everything will be the same again Prices will go up and demand will go up. This problem has arisen not only in the case of oil but also in the case of economic disruption The mines are not working properly.
Not everything. Price of food went up. People cooked and eat more since were at home. I am sure some other things needed for staying at home went up. Prices of clothes and shoes decreased. You use shoes only when walk outside.
The story with the fall of oil was inevitable - remember OPEC and how Russia and the Arabs did not agree about oil. In the end, what? The Arabs oil "goes out". Russia is ready to sell oil for 12$.
US oil is worth a penny because shale failed as a project. Yes, and in principle everything is bad there is shale oil industry, it kept only on subsidies.
Again, the fall of oil was an inevitable event. The main question is cui prodest?
US oil is worth a penny because shale failed as a project. Yes, and in principle everything is bad there is shale oil industry, it kept only on subsidies.
Again, the fall of oil was an inevitable event. The main question is cui prodest?
Yes, the price of crude oil is going low in almost six months. But here in my country , the crude oil price is going up a little by little because the government need some budget to back up a loss budget that used in to fight a pandemic crisis.
I don't believe their side of "what happened". I believe my theory/forecast of "oil spills" is actually now happening, because the cost of storage is too much to maintain. Quickest to solve the problem, dump the oil, invent a story.
https://edition.cnn.com/2020/06/03/europe/russia-putin-oil-spill-norilsk-intl/index.html
https://edition.cnn.com/2020/06/03/europe/russia-putin-oil-spill-norilsk-intl/index.html
This is kind of conspiracy theory but it's not very likely in reality. No one would dump already refined oil, it makes no sense, that maybe could have been done with crude oil.
Anyway, prices are slowly getting back to normal, not quite on a level before pandemic but still.
However, I'm looking forward to the moment when world will be not depended on the oil anymore.
I don't believe their side of "what happened". I believe my theory/forecast of "oil spills" is actually now happening, because the cost of storage is too much to maintain. Quickest to solve the problem, dump the oil, invent a story.
https://edition.cnn.com/2020/06/03/europe/russia-putin-oil-spill-norilsk-intl/index.html
https://edition.cnn.com/2020/06/03/europe/russia-putin-oil-spill-norilsk-intl/index.html
This is kind of conspiracy theory but it's not very likely in reality. No one would dump already refined oil, it makes no sense, that maybe could have been done with crude oil.
Anyway, prices are slowly getting back to normal, not quite on a level before pandemic but still.
However, I'm looking forward to the moment when world will be not depended on the oil anymore.
One thing that strikes me is that derivatives such as gasoline were not affected by a decrease in prices, as a consequence of such collapse.
They can dump the oil into a cave system if required, theres all kinds of imperfect storage I'd expect them to utilise before an open field and nearby river, its very visible wastage. Not good news for anyone though the long term of post USSR countries in that region could have been far worse then it has been so far. Somehow Putin is there as some comfortable ally to the west though I doubt many in politics would want to write a speech on this, its pretty much the case and after all we are in with China which is as bad or worse a regime.
The 'natural' thaw of the permafrost there is already a possible equal in environment damage to human mistakes because it will release methane gas into the atmosphere which accelerates the greenhouse effect further. Its like the global warming equal of a slow avalanche, when started its hard to halt.
The 'natural' thaw of the permafrost there is already a possible equal in environment damage to human mistakes because it will release methane gas into the atmosphere which accelerates the greenhouse effect further. Its like the global warming equal of a slow avalanche, when started its hard to halt.
First of all, I don't believe that the oil spill in Siberia was intentional. And the suggestion to dump oil in to cave systems is ridiculous. It will contaminate the underground aquifer systems and the cost of a cleanup operation would be prohibitively expensive. Underground salt dome caverns are used to store crude oil. Other cave systems are not suitable for that purpose.
They can dump the oil into a cave system if required, theres all kinds of imperfect storage I'd expect them to utilise before an open field and nearby river, its very visible wastage. Not good news for anyone though the long term of post USSR countries in that region could have been far worse then it has been so far. Somehow Putin is there as some comfortable ally to the west though I doubt many in politics would want to write a speech on this, its pretty much the case and after all we are in with China which is as bad or worse a regime.
The 'natural' thaw of the permafrost there is already a possible equal in environment damage to human mistakes because it will release methane gas into the atmosphere which accelerates the greenhouse effect further. Its like the global warming equal of a slow avalanche, when started its hard to halt.
The 'natural' thaw of the permafrost there is already a possible equal in environment damage to human mistakes because it will release methane gas into the atmosphere which accelerates the greenhouse effect further. Its like the global warming equal of a slow avalanche, when started its hard to halt.
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