oil trade war about to start OPEC to increase production oil price crash could be Mon 5th

[Notch7]

Russia and Saudi are seeing the weakness in the USA since Trump damaged the economy

America has lost market share due to USA growing its oil market and OPEC want to regain market share

Saudi has the worlds lowest production costs for oil, America one of the highest; so the result will be America shutting oil wells and cutting production

It will result in cheaper gasoline prices at the pumps, which Trump might like.........but what will happen will be an increase in price energy, ie gas and electricity


interesting times

 

[Munroast]

i thought all energy prices followed Oil, if oil comes down so will gas and all other energy (even solar and wind)

 

[Notch7]

i thought all energy prices followed Oil, if oil comes down so will gas and all other energy (even solar and wind)

In America 25% of gas comes out of oil wells, so if oil production is cut, so too is gas. America has low inventory and exports a lot of gas where it gets a premium price…..it’s selling a lot to the EU.

Russia is a member of OPEC+

UK gets its gas mostly from North Sea and Norway, which I think are largely gas only wells, so production may not be affected by OPEC meddling. Not sure how that will affect our energy prices given they are tied to forward wholesale pricing, but I guess we should see lower prices at the pumps.

 

[Notch7]

Looks like notchy is even more ****ed than usual.
Drowning his sorrows after the reform landslide I expect.
Poor notchy!

Lirefighter, serious question: why have you been so easily taken in by populism?

Why are you unable to realise Farage is the establishment not anti establishment as he claims?


By the way how do you work out that 5 MPs is a landslide

 

[Lirefighter]

Lirefighter, serious question: why have you been so easily taken in by populism?

Why are you unable to realise Farage is the establishment not anti establishment as he claims?


By the way how do you work out that 5 MPs is a landslide

Please don't tar us all with your ignorant brush, notchy.
I did not vote for brexit on the promise of bendy bananas like you did.

 

[Murdochcat]

Come on Lirefighter, I would really like to know why you believe that privately educated, stockbroker millionaire Farage cares about ordinary citizens.

You don’t have a chip on your shoulder you have a massive oak tree

Empathy

 

[Murdochcat]

UK gets its gas mostly from North Sea and Norway, which I think are largely gas only wells, so production may not be affected by OPEC meddling. Not sure how that will affect our energy prices given they are tied to forward wholesale pricing, but I guess we should see lower prices at the pumps.

The UK imports gas from the USA and the middle east

 

[Mottie]

Come on Lirefighter, I would really like to know why you believe that privately educated, stockbroker millionaire Farage cares about ordinary citizens.

I suppose you preferred the daughter of a grocer as PM.

 

[Mottie]

You don’t have a chip on your shoulder you have a massive oak tree

Empathy

Notch is perfectly balanced. He has a chip on each shoulder.

 

[Lirefighter]

Come on Lirefighter, I would really like to know why you believe that privately educated, stockbroker millionaire Farage cares about ordinary citizens.

Why do you hate the wealthy so much, do you feel as if they have stolen something from you?
I want the leader of our government to care about the country, its traditions, and it's future.
The ordinary citizens (given the opportunity) can look after themselves just fine.

 

[noseall]

its traditions

Such as? Britons' Empirical past or further in the past/more recent?

 

[Odds]

Such as? Britons' Empirical past or further in the past/more recent?

He means Morris Dancing.
Or is it Moorish Dancing?

Bloody silly tradition, any road.

 

[noseall]

He means Morris Dancing.
Or is it Moorish Dancing?

Bloody silly tradition, any road.

I quite like it. I think they have got some neck. I worked for a Morris dancing lady a while back.

 

[Murdochcat]

Murdochat so obviously lacks empathy because he supports the hatred and vindictive politics of Reform.

Hum

Please quote ANY thread I’ve posted supporting Reform.

The challenge is laid down

 

[Mottie]

I’ve not seen you post any criticism of Reform

My work is done

Notch logic: If you have not been known to post a criticism of a person or an organisation, you are by default a supporter of them. Based on his own logic, Notch is a supporter of the Ku Klux Clan.