Post by
Oldnagger on Oct 07, 2021 2:47am
STEO by ON
Warning This could be toxic to your investment health !!
Decline in daily. Global covid cases =1 % per day or 40 kbpd increased consumption
Population growth = 3 kbpd increaed consumption
weather = 30 kbpd over next 5 months
Consumption growth = 73 kbpd per day
production growth
OPEC + = 13 kbpd
US = 3 kbpd (currently 2 kbpd)
rest of world ? 5 kbpd
Production growth = 20 kbpd
Deficiency to be made up by renewables or inventory drawdown = 53 kbpd per day !!
Future WTI price this winter ???
Future nat gas price ???
Future NVA price UP we don't need higher prices, we will be getting much higher volumes at today's prices !!
Comment by
Oldnagger on Oct 10, 2021 12:51am
Just found some data on World petroleum production outside of OPEC+ . it is negative except for Canada. The world depends on either Saudi Arabia or Canada. Any body out there listening ? Certainly not the polticians or the Ecotards. https://peakoilbarrel.com/non-opec-june-oil-production-has-small-increase/
Comment by
Oldnagger on Oct 10, 2021 8:45am
Here is a video you don't want to miss https://youtu.be/MSK04HPznmM
Comment by
LittleYerry on Oct 10, 2021 2:50pm
Good video Oldnagger. Thanks
Comment by
stockstarker on Oct 10, 2021 3:23pm
When he was taking about Canada he said the negatives and risk factors were geopolitical or to put it more planely that incompetent moron Trudeau and the useless NDP and Greens, if Eastern Canada isn't careful some of the Western provinces will be pulling the plug on Canada as we know it.
Comment by
Oldnagger on Oct 10, 2021 6:38pm
Same theme, but more interesting link https://youtu.be/yKGWEJj2PgQ