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Topic: Is energy prices about to shoot up? (Read 1101 times)

full member
Activity: 2142
Merit: 183
July 08, 2024, 05:29:12 AM
#90
I’ll return to the issue of “selective moderation” again Smiley
It's actually your specific double standards.

There are two invasions and two wars going on. In one war you call the invaders terrorists but in the other war you call the defenders terrorists! The first war is the Russian invasion of Ukraine and the second war is the Zionist invasion of Palestine. You can't have it both ways.
If you think that Palestinian people who have had their country invaded by Zionists and are being slaughtered every day are terrorists for defending their homes then you are also calling Ukrainian people who are defending their home terrorists.

So yes, I will delete your posts wherever you refer to Ukrainians as terrorists.

In the examples of the two wars you gave, there is one significant difference that you kept silent about. In the case of Ukraine, Russia simply attacked it back in 2014 in order to seize its territory and change the domestic and foreign policies of this country.

But before the Israeli invasion of Palestine, the day before there was a brutal attack by Hamas militants in Israel, during which they deliberately killed many civilians and took some civilians hostage. The Israeli army's invasion of Palestinian territory was aimed at freeing hostages and clearing Palestine of Hamas militants in order to avoid further attacks.
sr. member
Activity: 2464
Merit: 252
July 07, 2024, 11:52:00 AM
#89

Since Russia attacked Ukraine, some things have changed significantly in the EU, which means that many alternative sources of oil and gas supply have been found, primarily from the US and Africa (Algeria, Nigeria) and increased production from Norway. The latest data indicate that EU gas storage facilities are about 99% full, and temperatures are still around 20 degrees Celsius (daily), and long-term forecasts point to a relatively warm winter.


Indeed, Russia’s war against Ukraine immediately began to be accompanied by blackmail of Russia not to supply oil and gas to European countries in the event of providing assistance to Ukraine in the war, and this led to changes in the direction of a sharp demand for alternative energy sources and a relatively rapid refusal of the EU from Russian energy resources.

 What is also interesting: constant shelling and bombing by Russia of generating energy facilities, and these are mainly large enterprises operating on coal, gas and other carbohydrates and their processed products, gave an impetus to Ukraine not only to switch to alternative energy sources, but also to abandon huge and outdated own generating facilities and not even try to restore them. Ukraine will use many small wind generators, solar power plants and other alternative energy sources, the production, installation and operation of which are becoming cheaper every year. In particular, in Ukraine they plan to issue interest-free loans to citizens and provide assistance in installing solar power plants on the roofs of private houses, so that Russia does not have the opportunity and chance to destroy the currently too centralized energy industry of Ukraine. Most likely, this will not lead to an increase in prices, but to a reduction in the cost of energy resources. So, in this regard, Russia forced Ukraine to quickly rebuild and make its energy industry more decentralized, economically profitable, and most importantly, environmentally friendly.
legendary
Activity: 3472
Merit: 10611
December 13, 2023, 05:04:57 AM
#88
Your buddies in 8200 יחידה took the big hit on October 7 that they won't recover from for the next decade so I understand your furiousness Wink

Lets address some of your off-topic nonsense since I'm in a good mood:
I'm not ready to say for sure, but Yemen has probably become a puppet in someone else's hands as well.
You mean because Yemen saw injustice in the world and took actions against a terrorist organization that has invaded Palestine and is committing genocide it should mean they are someone else's "puppet" LOL
Man, that someone else has to be very powerful that has gotten the whole world to say the same exact thing and see Israel as the criminal:

The image above and the headline shows who's the puppet here Grin

They do not pose an objective threat to the US Navy or other democratic western countries.
Tell that to USS Carney that had to spend days in Djibouti port for repairs last month when a "warning shot" from Yemen damaged it and all they did was issue a choke act to prevent the news from leaking. Here is what they tell about the unknown strength of Armed Forces of Yemen:
But they can provoke a powerful response to terrorist antics,
Yes, armed forces of Yemen are answering to the terrorist attack on Palestinians and will dominate the supporters of the terrorist organizations if they dare get involved.
The only thing US regime will do in the future is to use some proxy like ISIS inside Yemen to start a proxy war and try to weaken them. Many terrorist groups and subgroups of ISIS have already announced their readiness to fight for their boss against Yemen.

- Regarding "Iran's peacemaking ideas" - sounds just funny Smiley Financing, providing and inciting Hamas and other proxies to attack Israel and massacre Palestine - is it about stability and peace ? However, Iran should be given credit - when Iran realized that for this it can be very "fly", Iran beautifully "leaked" Hamas, PUBLICLY declaring them "reprimanded" for attacking Israel without consulting Iran. It was not us, it was Hamas, don't touch us ! Smiley There are even official statements by Iranian representatives, which is easily verified Smiley
Don't be too desperate your Zionist buddies in the 8200 יחידה are fine, they are just being interrogated and have already leaked so much top classified intelligence that has helped us neutralized dozens of Israeli terrorist cells overseas in nearly 15 countries and regions, from Egypt to Turkey, from Asia to Africa.
This is just the beginning.


Of course by fine I mean the IDF Hannibal Protocol and their constant subsequent bombing failed to eliminate these intelligence officers Wink
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
December 12, 2023, 05:52:25 PM
#87
I'm not ready to say for sure, but Yemen has probably become a puppet in someone else's hands as well. And it is being used as a provocateur that creates tension in this region, which is very important for the transportation of oil from the Middle East. They do not pose an objective threat to the US Navy or other democratic western countries. But they can provoke a powerful response to terrorist antics, which in the end, according to the scenario of some "scriptwriters" and will lead to a global conflict, which will lead to a temporary or even long-term blockage of the Red Sea and shipping channels.
I was just wondering: Hamas or Hezbollah or some other military group could buy a missile or a sea drone (from corrupt Ukrainian military haha) and that USS Gerald R. Ford is such a huge target, it's almost impossible to miss. If Russian intelligence wouldn't be so lazy, impotent and useless they would have used such a great opportunity...  Grin

Quote from: DrBeer
Regarding other ideas:
- Putin went to the meeting to apologize for not fulfilling his obligations to reduce oil production (and you really don't know that Russia is systematically cheating its Opec+ partners as well ?), and to try to agree on using the banking system of some countries in the region to launder and transfer money to further finance terrorist wars.
How do you know that? Any sources? Oh wait, I forgot, you never provide sources.

Quote from: DrBeer
- Regarding "Iran's peacemaking ideas" - sounds just funny Smiley Financing, providing and inciting Hamas and other proxies to attack Israel and massacre Palestine - is it about stability and peace ?
I'm not sure what mean here: you're trying to say that Hamas is responsible for bombing the shit out of Palestine? It wasn't bloody war criminal baby-killer Netanyahu? Hamas were bombing themselves and their children and relatives, right?  Grin

Quote from: DrBeer
when Iran realized that for this it can be very "fly", Iran beautifully "leaked" Hamas, PUBLICLY declaring them "reprimanded" for attacking Israel without consulting Iran. It was not us, it was Hamas, don't touch us ! Smiley There are even official statements by Iranian representatives, which is easily verified Smiley
Some kind of unintelligible blabbering, I didn't get the idea. Are you drunk?  Grin
legendary
Activity: 3752
Merit: 1864
December 12, 2023, 04:24:49 PM
#86
Thus far the global energy routes are not impacted by this war, but if this spread to other areas, global energy crises might kick in.
A little update:
Things may change very soon because of US regime's actions in Red Sea. If you've been following the news, the armed forces of Yemen have announced that they will not allow any shipments to go towards Israel and have already seized at least 2 ships and attacked a couple others that were headed to Eilat port.

However the US regime has been trying to say that Yemenis coast guard/navy is threatening international maritime security which is an obvious bullshit considering the heavy traffic of vessels that cross Yemenis waters without any problems whatsoever every second of every day:


Of course US regime is not giving up its threats on maritime traffic. They are not trying to transfer supplies to the terrorist organization under their support through third party ships which means their actions would force Yemeni forces to seize or attack those vessels now.
This could change the conflict and expand it.

Russian President's visit to the Middle East is of prime importance, as he discussed Oil production and other international matters with Saudi Crown Prince and UAE. Back home he met with the Iranian President. This indicate that Russia might become a mediator in this war between Israel and Hamas.
I don't think so. The recent visits were energy related to force Arab dictators to comply with the supply reduction agreements since there has been rumors about how Saud and UAE have been secretly increasing production against the last publicly announced supply cut decision which IIRC was in May.
Russia only cares about two things. They prefer energy prices to remain up and also prefers the conflict in occupied Palestine to continue because it helps them advance in Ukraine. Already the ammonization supply to Ukraine has dropped drastically since NATO is sending those weapons to occupied lands to murder women and children!

Additionally my guess is that another reason for it was the red lines Iran clarified once again for these Arab dictators that they are not allowed to cross in the current conflict, in order to prevent the war from expanding throughout the region. That's what Iran cares about, stability of the entire West Asia without foreign intervention or presence.

You see what the Zionist regime desperately wants is to start something major somewhere else so that the media is distracted from their crimes against humanity. For example imagine if tomorrow you woke to the news about Aramco having been destroyed or USS Carney having been sunk and US military preparing a retaliation. In that case there wouldn't be any room left in the media to cover the genocide that the Zionist terrorists are committing in Palestine so they can increase their aggression and attacks as everyone is distracted by counting US casualties 2000km away.


I'm not ready to say for sure, but Yemen has probably become a puppet in someone else's hands as well. And it is being used as a provocateur that creates tension in this region, which is very important for the transportation of oil from the Middle East. They do not pose an objective threat to the US Navy or other democratic western countries. But they can provoke a powerful response to terrorist antics, which in the end, according to the scenario of some "scriptwriters" and will lead to a global conflict, which will lead to a temporary or even long-term blockage of the Red Sea and shipping channels.

Regarding other ideas:
- Putin went to the meeting to apologize for not fulfilling his obligations to reduce oil production (and you really don't know that Russia is systematically cheating its Opec+ partners as well ?), and to try to agree on using the banking system of some countries in the region to launder and transfer money to further finance terrorist wars. Since yuan and rupees cannot be used except for "beautiful statistics".
- Regarding "Iran's peacemaking ideas" - sounds just funny Smiley Financing, providing and inciting Hamas and other proxies to attack Israel and massacre Palestine - is it about stability and peace ? However, Iran should be given credit - when Iran realized that for this it can be very "fly", Iran beautifully "leaked" Hamas, PUBLICLY declaring them "reprimanded" for attacking Israel without consulting Iran. It was not us, it was Hamas, don't touch us ! Smiley There are even official statements by Iranian representatives, which is easily verified Smiley
legendary
Activity: 3472
Merit: 10611
December 12, 2023, 01:55:51 AM
#85
Thus far the global energy routes are not impacted by this war, but if this spread to other areas, global energy crises might kick in.
A little update:
Things may change very soon because of US regime's actions in Red Sea. If you've been following the news, the armed forces of Yemen have announced that they will not allow any shipments to go towards Israel and have already seized at least 2 ships and attacked a couple others that were headed to Eilat port.

However the US regime has been trying to say that Yemenis coast guard/navy is threatening international maritime security which is an obvious bullshit considering the heavy traffic of vessels that cross Yemenis waters without any problems whatsoever every second of every day:


Of course US regime is not giving up its threats on maritime traffic. They are not trying to transfer supplies to the terrorist organization under their support through third party ships which means their actions would force Yemeni forces to seize or attack those vessels now.
This could change the conflict and expand it.

Russian President's visit to the Middle East is of prime importance, as he discussed Oil production and other international matters with Saudi Crown Prince and UAE. Back home he met with the Iranian President. This indicate that Russia might become a mediator in this war between Israel and Hamas.
I don't think so. The recent visits were energy related to force Arab dictators to comply with the supply reduction agreements since there has been rumors about how Saud and UAE have been secretly increasing production against the last publicly announced supply cut decision which IIRC was in May.
Russia only cares about two things. They prefer energy prices to remain up and also prefers the conflict in occupied Palestine to continue because it helps them advance in Ukraine. Already the ammonization supply to Ukraine has dropped drastically since NATO is sending those weapons to occupied lands to murder women and children!

Additionally my guess is that another reason for it was the red lines Iran clarified once again for these Arab dictators that they are not allowed to cross in the current conflict, in order to prevent the war from expanding throughout the region. That's what Iran cares about, stability of the entire West Asia without foreign intervention or presence.

You see what the Zionist regime desperately wants is to start something major somewhere else so that the media is distracted from their crimes against humanity. For example imagine if tomorrow you woke to the news about Aramco having been destroyed or USS Carney having been sunk and US military preparing a retaliation. In that case there wouldn't be any room left in the media to cover the genocide that the Zionist terrorists are committing in Palestine so they can increase their aggression and attacks as everyone is distracted by counting US casualties 2000km away.
legendary
Activity: 3752
Merit: 1864
December 11, 2023, 01:02:59 PM
#84
I’ll return to the issue of “selective moderation” again Smiley

I agree with my answer to the topic participant’s question (see screenshot below), it goes somewhat beyond the ideal match with the author’s expectations. But the question itself from another student is far from the truth.

Request to the topic author:
- or not openly show your selectivity and duplicity in the “struggle to follow the rules”
- or then delete ALL posts that are off topic.
- or be honest, at least to yourself, and honestly write - “I don’t like your opinion, I don’t want to hear it, but I want to hear only those opinions that I like. That’s why I will delete your posts and those that I like, although not relevant to the topic, I will leave it to please my feelings" Smiley
- or also write honestly - I have no arguments, I’m afraid to answer you, I don’t have enough knowledge, so I will hide your posts, they are inconvenient and infuriating to me, because... I am helpless to answer them. Believe me, after you honestly voice the reasons, I will stop writing even a word in your topics Smiley Just don’t go back to the tales about “inexact matching of the topic,” okay? Looks very cowardly and stupid Smiley
 
Looks very cowardly and stupid Grin

Muahahahaha I had a good laugh, Mr Troll! You should be the last one to whine about "selective moderation" or should I remind you how you cowardly deleted all my comments full of facts, valid sources and quotes from all threads started by you? I wasn't even breaking any rules, I was just asking inconvenient questions and exposing you as a complete lying bozo! pooya87 is in fact very lenient as he generously still allows you to post your bs comments here (although they mostly have nothing to do with the topic we're discussing here).

So yeah, indeed, it looks very cowardly and stupid  Grin


In 1 thread, 1 of your posts was deleted, which, as usual for you, did not carry any meaningful load, except for primitive, I would even say stupid, insults  Grin Grin Grin Grin

PS pooya87 - interested in your reaction to the above serveria.com post ?  Grin
I understand - it's on topic ? Now we will find out how honest you are, at least to yourself !  Grin
member
Activity: 120
Merit: 11
https://peachbitcoin.com/
December 11, 2023, 09:01:04 AM
#83
Over 18,000 Palestinian have died in this war. Israel is murdering kids and adults on daily basis. Among the deceased, approximately 45% were children. This is genocide and US is actively supporting this genocide. The US has "vetoed" a UN resolution asking for a ceasefire. This means, Israel is not alone in this, US is providing every support from finances to ammunition.

Thus far the global energy routes are not impacted by this war, but if this spread to other areas, global energy crises might kick in. Russian President's visit to the Middle East is of prime importance, as he discussed Oil production and other international matters with Saudi Crown Prince and UAE. Back home he met with the Iranian President. This indicate that Russia might become a mediator in this war between Israel and Hamas.
hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform
December 11, 2023, 04:27:58 AM
#82
I assume that from January 2024 the dollar index will already start to fall. Oil prices are dictated by a cartel consisting of major player countries, which can calmly control the price by reducing or increasing production. And one should not be happy about a temporary decrease - ordinary people will always be the losers
The oil prices contains enough volatility and there's not so much revenue to be generated. Everyone is after the profits he or she stands to gain from the system, it doesn't matter if the country oil is not moving according to plans or stratified methods, rather it goes prior to our reasonings. You only spotted out your initiatives concerning the energy prices and as you well know, we all have our different opinions and bringing it up here is very welcoming, I know alot of people from the forum will benefits from your idea, I'm not excluded also because I've thoroughly gone through and I must say, it's worth it.
The idea is not worth it and we should not deceive ourselves about it. Think of it, how did @Unbunplease so sure that the USD index would start falling in 2024? That is an assumption and not a fact, nothing to back it up at all. With my quick analysis, I saw that the case is even different, the USD index is on the bullish path and has the bullish price action on the higher charts, so what? And you can't automatically believe that what happened to the USD index is what would happen to crude oil, their driving forces vary, so you don't entirely relate them together to conclude a reason why a trend is established in them.

There are instances that the USD index would fall and the USD falls against some assets, but will not fall against oil and some others, what about that? That is why we have to be in-depth in our analysis and the speculation thereof before we issue advice. For me, the USD index is on the bullish path, it has had its fair share of bearish movements earlier and this is the time it faces northwards until further notice. As for crude oil, at this time, many factors would determine its price and it ranges from the Israel-Hamas war (how it affects demands and supplies), OPEC meetings (cutting or raising), the COP28 agreement and how they implement it, and many others. I see the USD in particular to be stable in 2024 even as the US itself is getting out of their financial issues caused mostly by inflation.
legendary
Activity: 3472
Merit: 10611
December 11, 2023, 03:59:50 AM
#81
I’ll return to the issue of “selective moderation” again Smiley
It's actually your specific double standards.

There are two invasions and two wars going on. In one war you call the invaders terrorists but in the other war you call the defenders terrorists! The first war is the Russian invasion of Ukraine and the second war is the Zionist invasion of Palestine. You can't have it both ways.
If you think that Palestinian people who have had their country invaded by Zionists and are being slaughtered every day are terrorists for defending their homes then you are also calling Ukrainian people who are defending their home terrorists.

So yes, I will delete your posts wherever you refer to Ukrainians as terrorists.
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
December 10, 2023, 10:33:30 AM
#80
I’ll return to the issue of “selective moderation” again Smiley

I agree with my answer to the topic participant’s question (see screenshot below), it goes somewhat beyond the ideal match with the author’s expectations. But the question itself from another student is far from the truth.

Request to the topic author:
- or not openly show your selectivity and duplicity in the “struggle to follow the rules”
- or then delete ALL posts that are off topic.
- or be honest, at least to yourself, and honestly write - “I don’t like your opinion, I don’t want to hear it, but I want to hear only those opinions that I like. That’s why I will delete your posts and those that I like, although not relevant to the topic, I will leave it to please my feelings" Smiley
- or also write honestly - I have no arguments, I’m afraid to answer you, I don’t have enough knowledge, so I will hide your posts, they are inconvenient and infuriating to me, because... I am helpless to answer them. Believe me, after you honestly voice the reasons, I will stop writing even a word in your topics Smiley Just don’t go back to the tales about “inexact matching of the topic,” okay? Looks very cowardly and stupid Smiley
 
Looks very cowardly and stupid Grin

Muahahahaha I had a good laugh, Mr Troll! You should be the last one to whine about "selective moderation" or should I remind you how you cowardly deleted all my comments full of facts, valid sources and quotes from all threads started by you? I wasn't even breaking any rules, I was just asking inconvenient questions and exposing you as a complete lying bozo! pooya87 is in fact very lenient as he generously still allows you to post your bs comments here (although they mostly have nothing to do with the topic we're discussing here).

So yeah, indeed, it looks very cowardly and stupid  Grin
legendary
Activity: 3752
Merit: 1864
December 10, 2023, 06:58:06 AM
#79
I’ll return to the issue of “selective moderation” again Smiley

I agree with my answer to the topic participant’s question (see screenshot below), it goes somewhat beyond the ideal match with the author’s expectations. But the question itself from another student is far from the truth.

Request to the topic author:
- or not openly show your selectivity and duplicity in the “struggle to follow the rules”
- or then delete ALL posts that are off topic.
- or be honest, at least to yourself, and honestly write - “I don’t like your opinion, I don’t want to hear it, but I want to hear only those opinions that I like. That’s why I will delete your posts and those that I like, although not relevant to the topic, I will leave it to please my feelings" Smiley
- or also write honestly - I have no arguments, I’m afraid to answer you, I don’t have enough knowledge, so I will hide your posts, they are inconvenient and infuriating to me, because... I am helpless to answer them. Believe me, after you honestly voice the reasons, I will stop writing even a word in your topics Smiley Just don’t go back to the tales about “inexact matching of the topic,” okay? Looks very cowardly and stupid Smiley
 
Looks very cowardly and stupid Grin

hero member
Activity: 602
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A Proud Father of Twin Girls 👧 👧
December 09, 2023, 03:11:52 PM
#78
I assume that from January 2024 the dollar index will already start to fall. Oil prices are dictated by a cartel consisting of major player countries, which can calmly control the price by reducing or increasing production. And one should not be happy about a temporary decrease - ordinary people will always be the losers
The oil prices contains enough volatility and there's not so much revenue to be generated. Everyone is after the profits he or she stands to gain from the system, it doesn't matter if the country oil is not moving according to plans or stratified methods, rather it goes prior to our reasonings. You only spotted out your initiatives concerning the energy prices and as you well know, we all have our different opinions and bringing it up here is very welcoming, I know alot of people from the forum will benefits from your idea, I'm not excluded also because I've thoroughly gone through and I must say, it's worth it.
sr. member
Activity: 1358
Merit: 259
PredX - AI-Powered Prediction Market
December 09, 2023, 10:36:54 AM
#77
As the global economy weathers the storm of inflation, a harsh reality emerges: the cost of energy, an essential lifeblood, has climbed to unprecedented heights. This confluence of economic turbulence and soaring energy prices presents a complex challenge, demanding not just acknowledgement but a deeper understanding and reasoned response.

Inflation, like a rising tide, lifts the price of everything, inevitably impacting energy consumption. The economic law of demand and supply dictates that higher prices lead to lower demand, and this applies to energy as well. Consumers, struggling with inflated living costs, may be forced to curtail their energy usage, impacting industries and businesses reliant on consistent consumption.

However, accepting this situation as an inevitable consequence would be short-sighted. While the immediate impact of inflation on energy prices is undeniable, we must also recognize the potential for positive change. This crisis can act as a catalyst for innovation and a shift towards sustainable energy solutions.
legendary
Activity: 3472
Merit: 10611
December 09, 2023, 10:32:20 AM
#76
That's absolute bollocks; there's pure manipulation of oil prices. There's a great demand for oil; if the supply is limited by this much, it'll send fuel prices to the moon once again. They're still high; imagine what will happen when the supply cut takes place. I believe that after the Ukraine-Russian war and the sanctions against Russia, we're doomed to a vicious circle of higher fuel and energy prices that will never recover ever again.
That's unfortunately true. I consider this the World War 3 which is being fought in different "battle fields" one of which is the energy field which means energy prices are going to be used as a weapon and that hurts regular people.
The other battle fields are economy, food, water, other natural resources and of course the armed conflict going on in 3 locations: Eastern Europe, West Asia, North of South America.

One of the reasons why the current conflict reached the Red Sea is exactly that. US and NATO support genocide of Palestinians and NATO countries needs lower energy prices so the tensions in energy routes increase as a response to put pressure on NATO to stop supporting terrorism and genocide.

Only the US is profiting from this war, as it's currently our main supplier for oil and especially CNG.
It wasn't all profit though, basically only the giants in energy sector reaped the rewards, otherwise the high energy price also led to increased inflation inside US which they suppressed by increasing the interest rate which then led to recession.
Not to mention the trillions the government had to print over the past 2 years reaching the debt ceiling twice in a row and setting an unprecedented national debt.
The first signs were the increased number of lay-offs and banks and tech sector that went bankrupt.
member
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December 09, 2023, 10:30:59 AM
#75
Honestly , I really hope they won't because things in my country are already way to expensive for most of our citizens. Another rise in energy prices would simply bring people out in the streets but I'm sure that won't change anything because we will not be the only ones affected by this. On the other side , the war Ukraine - Russia already made Romanian prices to go up in all sectors so I really hope the conflict from Israel and Hamas would not have the same effect and I do hope a solution will be available for the world soon.
Regarding energy prices, I think it is difficult to predict with certainty, but the Ukraine-Russia war has indeed affected prices in various countries and I hope that the conflict between Israel and Hamas will not make things worse.
legendary
Activity: 1806
Merit: 1161
December 09, 2023, 10:05:14 AM
#74
Oil is in decline I've been reading recently, OPEC is trying to suggest lower supply will be the case but market perceives lower prices are correct.  Since thats the bulk of energy it would usually indicate we dont see especially high prices this winter perhaps.  Also Dollar index is rising again today and has often risen over the whole range of time frames, it would seem high energy cost is not yet here or indicated.
  Generally I do think energy can rise alongside many commodities but not in a simple way.  Another big indicator is the growth of China which is not simply up yet either, its not negative despite some wars it could be worse and thats another big factor often spiking prices.

I assume that from January 2024 the dollar index will already start to fall. Oil prices are dictated by a cartel consisting of major player countries, which can calmly control the price by reducing or increasing production. And one should not be happy about a temporary decrease - ordinary people will always be the losers
hero member
Activity: 1778
Merit: 907
December 09, 2023, 03:42:57 AM
#73
They are not trying to suggest it, they already decided in their last meeting to cut the supply by a large amount (2.2 million barrels per day) but the supply cut will start next year and they will continue supplying like before until then (that should be about a month or two).
If nothing changes, this cut would probably bring price up closer to $90 again, but I don't think it can do much more than that.
That's absolute bollocks; there's pure manipulation of oil prices. There's a great demand for oil; if the supply is limited by this much, it'll send fuel prices to the moon once again. They're still high; imagine what will happen when the supply cut takes place. I believe that after the Ukraine-Russian war and the sanctions against Russia, we're doomed to a vicious circle of higher fuel and energy prices that will never recover ever again. Only the US is profiting from this war, as it's currently our main supplier for oil and especially CNG.

I was hoping that fuel prices would eventually recover, at least to a reasonable extent. The average petrol price here is €1.85 per liter; that is still insanely expensive and was a price that we'd see towards the end of the tourist season; now it has become the norm, and no one seems to be complaining about it. On the contrary, we seem to be thankful for not paying €2 per liter.
legendary
Activity: 3472
Merit: 10611
December 09, 2023, 03:11:10 AM
#72
Considering some of the biggest exporters of oil is not Palestine or Israel, I am not entirely sure how Russia paying Hamas would end up making USA have expensive gas prices.
The genocide Israel is committing in Palestine with the help of United States has nothing to do with Russia but @DrBeer has a way of derailing every topic and tying it up with Russia.

Oil is in decline I've been reading recently, OPEC is trying to suggest lower supply will be the case but market perceives lower prices are correct.
They are not trying to suggest it, they already decided in their last meeting to cut the supply by a large amount (2.2 million barrels per day) but the supply cut will start next year and they will continue supplying like before until then (that should be about a month or two).
If nothing changes, this cut would probably bring price up closer to $90 again, but I don't think it can do much more than that.
STT
legendary
Activity: 4102
Merit: 1454
December 08, 2023, 02:18:54 PM
#71
Oil is in decline I've been reading recently, OPEC is trying to suggest lower supply will be the case but market perceives lower prices are correct.  Since thats the bulk of energy it would usually indicate we dont see especially high prices this winter perhaps.  Also Dollar index is rising again today and has often risen over the whole range of time frames, it would seem high energy cost is not yet here or indicated.
  Generally I do think energy can rise alongside many commodities but not in a simple way.  Another big indicator is the growth of China which is not simply up yet either, its not negative despite some wars it could be worse and thats another big factor often spiking prices.
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