In response to https://www.econologie.com/le-vrai-prix- ... s-479.html et https://www.econologie.com/forums/heures-de- ... t2786.html here is the updated curve (2008 currency) for the price of a barrel.
If someone has the post 2008 version ... because 2008 is the year of the peak at $ 150 ...
Oil prices in constant currency (historical)
-
- Moderator
- posts: 79360
- Registration: 10/02/03, 14:06
- Location: Greenhouse planet
- x 11060
-
- I discovered econologic
- posts: 6
- Registration: 20/09/12, 09:09
- Obamot
- Econologue expert
- posts: 28725
- Registration: 22/08/09, 22:38
- Location: regio genevesis
- x 5538
No correlation, when we look at production with regard to the price of the real barrel ...>
For Christophe, there is that [2008 in red]:
Source: http://www.totaltrader.com.au/8734/crud ... uest-post/
Pre 2008 and post 2008:
Source: http://www.les-crises.fr/meteo-petroliere/
For Christophe, there is that [2008 in red]:
Source: http://www.totaltrader.com.au/8734/crud ... uest-post/
Pre 2008 and post 2008:
Source: http://www.les-crises.fr/meteo-petroliere/
0 x
- Obamot
- Econologue expert
- posts: 28725
- Registration: 22/08/09, 22:38
- Location: regio genevesis
- x 5538
what longevity for oil?
If indeed there was still one needed:
Here is the proof that the price of a barrel is purely fictitious, and that it was, that it is, and that it will always be fixed depending on what consumers are willing to pay - and not according to supply or demand, or even of course according to the real cost of this product on the scale of the replenishment of the resource, never again possible to achieve:
And not:
- "due to soaring prices resulting from peak oil»[No, that's already forgotten in the sales pitch ...].
- "due to lower supply due to recession"[No that, who cares, given that the crisis is purely artificial, and that they have probably been preparing for it for a long time ... And not seen any oil tankers in" difficulty "because of the crisis ... ].
- "or even fluctuating due to a drop in prices at the pump, resulting from a drop in demand"[Aaah bein no, especially not!]
The so-called "law of supply and demand " is not made for them! Nor for institutions like Standard & Poors, which notwithstanding that they give "notes" to banks and countries, carefully calculate how much the citizens of said countries are willing to pay for their gasoline (in short, to know how far they can go too far, before people take to the streets, and its also applies to your rent, the price of the land and everything else ...)
And this despite the pseudo competition between the different cartels, since "competition" is a facade challenge.
Prices thus depend more on the financial situation than on oil demand: this is a proven fact, when we compare the statistical curves! They can't lie (if the numbers are right).
That's why the dice are loaded and the world is so bad.
So the world of speculative finance has rotted everything, rotted everything and it will continue, since it is not new: except that finally, we are starting to talk about it!
Here is the proof that the price of a barrel is purely fictitious, and that it was, that it is, and that it will always be fixed depending on what consumers are willing to pay - and not according to supply or demand, or even of course according to the real cost of this product on the scale of the replenishment of the resource, never again possible to achieve:
Michael Borrell, Total's vice president for Continental Europe and Central Asia wrote:At "Forum Kazenergy ".
Under the theme: The start of a new world energy era[!]
— "The financing part requires of course sustained gas and oil prices, at an adequate level»
— "When I say a adequate price» he insists, "We are targeting a price around 100 dollars per barrel to make our projects "economical"» [CIS]
Source: Euronews-Business, the "Target" from this week
And not:
- "due to soaring prices resulting from peak oil»[No, that's already forgotten in the sales pitch ...].
- "due to lower supply due to recession"[No that, who cares, given that the crisis is purely artificial, and that they have probably been preparing for it for a long time ... And not seen any oil tankers in" difficulty "because of the crisis ... ].
- "or even fluctuating due to a drop in prices at the pump, resulting from a drop in demand"[Aaah bein no, especially not!]
The so-called "law of supply and demand " is not made for them! Nor for institutions like Standard & Poors, which notwithstanding that they give "notes" to banks and countries, carefully calculate how much the citizens of said countries are willing to pay for their gasoline (in short, to know how far they can go too far, before people take to the streets, and its also applies to your rent, the price of the land and everything else ...)
And this despite the pseudo competition between the different cartels, since "competition" is a facade challenge.
Prices thus depend more on the financial situation than on oil demand: this is a proven fact, when we compare the statistical curves! They can't lie (if the numbers are right).
That's why the dice are loaded and the world is so bad.
So the world of speculative finance has rotted everything, rotted everything and it will continue, since it is not new: except that finally, we are starting to talk about it!
Last edited by Obamot the 07 / 10 / 12, 18: 03, 6 edited once.
0 x
- sen-no-sen
- Econologue expert
- posts: 6856
- Registration: 11/06/09, 13:08
- Location: High Beaujolais.
- x 749
-
- Moderator
- posts: 79360
- Registration: 10/02/03, 14:06
- Location: Greenhouse planet
- x 11060
Re: Oil prices in constant currency (historical)
The US Gallon fell below 1.2 $ in 2020 ... with a reduction of 0.5 $ § / GAL ... !!
0 x
Do a image search or an text search - Netiquette of forum
- GuyGadebois
- Econologue expert
- posts: 6532
- Registration: 24/07/19, 17:58
- Location: 04
- x 982
Re: Oil prices in constant currency (historical)
In the United States, demand for oil has dropped to such a level that some producers are willing to pay to get rid of their stocks, reports Bloomberg.
Due to extremely low demand for black gold during the Covid-19 pandemic, some American companies had to impose negative prices on their products in order to minimize losses, reports Bloomberg.
Wyoming Asphalt Sour was the first company to put a negative price on its raw materials mainly used in the production of bitumen. In mid-March, another producer across the Atlantic, Mercuria Energy Group was prepared to pay 19 cents for each barrel of crude oil removed from its storage locations.
Demand for oil has dropped to the point where some producers have decided to sell at a loss.
https://fr.sputniknews.com/economie/202 ... de-stocks/
I cry in laughter!
1 x
“It is better to mobilize your intelligence on bullshit than to mobilize your bullshit on intelligent things. (J.Rouxel)
"By definition the cause is the product of the effect". (Tryphion)
"360 / 000 / 0,5 is 100 million and not 72 million" (AVC)
"By definition the cause is the product of the effect". (Tryphion)
"360 / 000 / 0,5 is 100 million and not 72 million" (AVC)
Re: Oil prices in constant currency (historical)
No wonder some of them make a discount to be able to withdraw the product from their storage places .... because in fact ... Storage there is hardly any more ... Stocks are in tankers which make circles in the water in front of the European petroleum terminals (and without a doubt Chinese, Indian ...) And the cost of storage is not quite the same as in vertical cylindrical tanks built and amortized for decades .... Dismantled in large numbers over the past 20 years ...
1 x
The only thing safe in the future. It is that there may chance that it conforms to our expectations ...
- GuyGadebois
- Econologue expert
- posts: 6532
- Registration: 24/07/19, 17:58
- Location: 04
- x 982
Re: Oil prices in constant currency (historical)
In any case, if it could ruin all these dirty idiots who destroyed and poisoned "their" land by practicing the hydraulic fracture, it would be almost ecstatic!
0 x
“It is better to mobilize your intelligence on bullshit than to mobilize your bullshit on intelligent things. (J.Rouxel)
"By definition the cause is the product of the effect". (Tryphion)
"360 / 000 / 0,5 is 100 million and not 72 million" (AVC)
"By definition the cause is the product of the effect". (Tryphion)
"360 / 000 / 0,5 is 100 million and not 72 million" (AVC)
-
- Moderator
- posts: 79360
- Registration: 10/02/03, 14:06
- Location: Greenhouse planet
- x 11060
Re: Oil prices in constant currency (historical)
GuyGadebois wrote:it would be almost ecstatic!
Well then: why the S turned into T ??
Orgasmic I knew but not ecstatic ...
0 x
Do a image search or an text search - Netiquette of forum
-
- Similar topics
- Replies
- views
- Last message
-
- 15 Replies
- 13633 views
-
Last message by Christophe
View the latest post
02/10/22, 04:42A subject posted in the forum : Fossil fuels: oil, gas, coal and nuclear electricity (fission and fusion)
-
- 12 Replies
- 6528 views
-
Last message by moinsdewatt
View the latest post
14/03/16, 21:40A subject posted in the forum : Fossil fuels: oil, gas, coal and nuclear electricity (fission and fusion)
-
- 1 Replies
- 4891 views
-
Last message by cortejuan
View the latest post
31/03/14, 22:24A subject posted in the forum : Fossil fuels: oil, gas, coal and nuclear electricity (fission and fusion)
-
- 69 Replies
- 39542 views
-
Last message by chatelot16
View the latest post
02/09/15, 21:29A subject posted in the forum : Fossil fuels: oil, gas, coal and nuclear electricity (fission and fusion)
-
- 14 Replies
- 45952 views
-
Last message by Christophe
View the latest post
04/10/21, 11:00A subject posted in the forum : Fossil fuels: oil, gas, coal and nuclear electricity (fission and fusion)
Go back to "Fossil energies: oil, gas, coal and nuclear electricity (fission and fusion)"
Who is online ?
Users browsing this forum : Remundo and 306 guests