posted July 04, 2022 05:05 pm by mrbb
(526)
you only touched on minor points. The real reason why china invested in western oil/gas is to learn and maybe steal their technology. Energy security of western oil/gas iasset is distant second
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posted July 04, 2022 04:34 pm by Experienced
(518)
In my opinion, the change in Chinese energy investment strategy that you mention is consistent with other steps that they are taking. The first is a shift to getting oil and gas from Russia through
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posted July 04, 2022 04:09 pm by mrbb
(526)
Well, china had been singing the taiwan takeover propaganda for decades. It keep the domestic population pumped up and the west on edge. China even use N. Korea as their barking dog. The chinese still
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posted July 04, 2022 02:37 pm by Experienced
(518)
Nice analysis Clem The way I see it is that we have already seen a decent decline in the oil price from its peak earlier this year which reflects in part the decline in economic activity that you
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posted July 04, 2022 01:55 pm by Clemxb7
(107)
I don't know the answer to this question however the Atlanta Fed just said the US economy contracted in Q2 by 2%. That means the recession is already here and I don't see oil demand
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posted July 04, 2022 01:24 pm by MigraineCall
(679)
Thanks. Nice to have those kinds of contacts you can call. Well, your general friend seems to be in the know, and has certainly proven himself accurate regarding Russia. His feelings about China'
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posted July 04, 2022 11:27 am by Clemxb7
(107)
Right now the North American oil market is somewhat ”balanced" thanks to support from the SPR drain though it’s not going to last forever. In the last 2 weeks the SPR drained by ~14
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posted July 04, 2022 07:44 am by Experienced
(518)
Migraine - another thoughtful post. In terms of such matters, I have learned over the years, not to rely on press reports, since by and large the press, and especially in the US are largely propaganda
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posted July 04, 2022 06:24 am by Oldnagger
(2271)
Implications of de-globalization on Petroleum pricing by Rafi (very positive for us ) ( 3 weeks ago ) https://youtu.be/YXg5vJTjYug
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posted July 04, 2022 06:10 am by Oldnagger
(2271)
Interesting video on CNOOC and longer term implications . Increasingly the petroleum industry is being dominated by geopolitics. Certainly not good for humanity !! Will the insanity ever stop ??
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posted July 04, 2022 04:01 am by mrbb
(526)
Libya Loses 1.1 Million Bpd As It Shuts Down Nearly All Its Oil Fields | OilPrice.com
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posted July 04, 2022 12:47 am by firstworld
(165)
140-180 for the 780M Nazi supporters $60-90 for the other 7B people on the planet LOL.....
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posted July 04, 2022 12:46 am by firstworld
(165)
What do you expect? Canada and USA was founded not long ago by the uneducated peasants and imported same for last 200 years while Russia is the result of 2000 years of civilization evolution who have
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posted July 03, 2022 08:30 pm by mrbb
(526)
don't forget beef, canola oil, uranium. lumbe. It would take a bumbling and imbecile leadership to screw up canada, and we got one.
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posted July 03, 2022 07:31 pm by pooltec
(25)
Those 2 could not beat a grade 7 student in Chess. Putin has planned this years ago just like a chess game. Glad I live in Canada with oil and wheat.
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posted July 03, 2022 05:28 pm by mrbb
(526)
well, guess who seeded feminism, environmentalism, transgenderism, racism, abortionism, etc etc into the west? Divide and conquer. Even china succumbed to soviet marxism into today's CCP
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posted July 03, 2022 04:24 pm by Oasisjunior
(114)
Biden and Thrudeau have played right into the hand of Putin and don't even realize it.....yet those of us experiencing inflation costs and higher interest rates will suffer economic destruction,,,
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posted July 03, 2022 02:55 pm by marketsense
(228)
Where to begin? First, Biden draining the SPR in an attempt to assuage his opposition and the public is akin to unloading their gold reserves in a vain attempt to prop up their massive
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posted July 03, 2022 12:56 pm by MigraineCall
(679)
Although released in 2019, before Covid, the war, and new sanctions, here's a nice detailed analysis on Russian oil. That means projections today are a lot worse than these figures. https
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posted July 03, 2022 03:41 am by mrbb
(526)
not disagreeing with you on the big picture but russia had learned quite a bit from west on reservoir management over the decades and is not that crippled as before like back in the ronald reagan era
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