Surprise drop in global oil demand

TarJak · 09-12-14, 02:05 AM

http://www.abc.net.au/news/2014-09-1...prices/5739186

Bugger the Spanish Inquisition, nobody was expecting this. The economists keep showing they struggle with prediction. Maybe they need a better crystal ball.

The warning at the end of the article though should surprise no-one. The other thing I won't find surprising would be no massive downward change in the prices of petrol at the pump.

Wolferz · 09-12-14, 04:58 AM

In their never ending greed, big oil has effectively cut their own throats.

Artificially inflating the price on the product with every excuse and trick in the book has inevitably backfired. It was only logical that this would occur with so many industries shedding their workers in favor of profits, there are far fewer people able to buy gasoline or any of the myriad of products made from crude oil.
My philosophy: Stop feeding their greed and let them choke on their stocks until they come to their senses.

Skybird · 09-12-14, 05:47 AM

There seems to be a discrepany between real world economy trend and money printers' statements…

Jimbuna · 09-12-14, 05:55 AM

Someone better inform Salmond asap.

em2nought · 09-13-14, 11:23 AM

About time we stop exporting prosperity, and keep it for ourselves. LOL

Buddahaid · 09-13-14, 11:41 AM

Paint me skeptical but this smells like a setup to transfer more control to fewer players.

09-12-14, 02:05 AM	#1
TarJak Fleet Admiral Join Date: Jul 2006 Location: Sydney, Australia Posts: 17,052 Downloads: 150 Uploads: 8	Surprise drop in global oil demand http://www.abc.net.au/news/2014-09-1...prices/5739186 Bugger the Spanish Inquisition, nobody was expecting this. The economists keep showing they struggle with prediction. Maybe they need a better crystal ball. The warning at the end of the article though should surprise no-one. The other thing I won't find surprising would be no massive downward change in the prices of petrol at the pump.

09-12-14, 04:58 AM	#2
Wolferz Navy Seal Join Date: May 2007 Location: On a mighty quest for the Stick of Truth Posts: 5,963 Downloads: 52 Uploads: 0	Hoisted by their own pitard... In their never ending greed, big oil has effectively cut their own throats. Artificially inflating the price on the product with every excuse and trick in the book has inevitably backfired. It was only logical that this would occur with so many industries shedding their workers in favor of profits, there are far fewer people able to buy gasoline or any of the myriad of products made from crude oil. My philosophy: Stop feeding their greed and let them choke on their stocks until they come to their senses. __________________ Tomorrow never comes

09-12-14, 05:47 AM	#3
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,615 Downloads: 10 Uploads: 0	There seems to be a discrepany between real world economy trend and money printers' statements… __________________ If you feel nuts, consult an expert.

09-12-14, 05:55 AM	#4
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,512 Downloads: 63 Uploads: 13	Someone better inform Salmond asap. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

09-13-14, 11:23 AM	#5
em2nought Ocean Warrior Join Date: Mar 2004 Posts: 3,485 Downloads: 0 Uploads: 0	About time we stop exporting prosperity, and keep it for ourselves. LOL __________________ em2nought is ecstatic garbage!

09-13-14, 11:41 AM	#6
Buddahaid Shark above Space Chicken Join Date: Jun 2008 Posts: 9,319 Downloads: 162 Uploads: 0	Paint me skeptical but this smells like a setup to transfer more control to fewer players. __________________ "However vast the darkness, we must provide our own light." Stanley Kubrick "Tomorrow belongs to those who can hear it coming." David Bowie