I wouldn't count on this lowering the price of oil anytime soon.  Down the line some though, Demand Destruction could do that.  It will however make the whole energy market more volatile and less predictable.

RE

Granted, my sense of humor is somewhat idiosyncratic and not appreciated by everyone.  The reason I don't remember you is probably because you didn't laugh at my jokes and said nothing worth remembering.  I do remember vaguely meeting a somber little man in disheveled clothing I though might be a homeless schizophrenic off his meds and discussing electric scooters.  He didn't identify himself though, I figured he couldn't remember his name.

RE

QuoteAnd now the Communists have forced labor camps for the Uyghurs

Following ethnic rioting, and a series of deadly terror attacks within and outside Xinjiang which Beijing blamed on Uyghurs, President Xi Jinping launched a "Strike Hard Campaign against Violent Extremism" in 2014 that framed Uyghur identity as a security threat.

Seems that their supreme leader is responsible for their camps.  Communism would not have a supreme leader.  Communism has soviets.  Or are you just going to say you never asked a question about Uyghurs now.  As you seem to not know the difference between authoritarianism and communism that would be your next move.

Quote from: TDoS on Apr 29, 2026, 04:29 PMI've got a solid 6-8 inches on you, and probably 100# at that point in time.

Must have been someone else then.    I don't remember talking to any 6'2" Fat Guys, so if I talked to you, it wasn't very memorable.  Can't say for sure whether I told a joke or not, but it's irrelevant.  You don't recognize my jokes without clues, and I don't hand out clues, especially to fat trolls stalking southern redneck town fairs incognito.

RE

Quote from: TDoS on Apr 29, 2026, 04:46 PMMy specialty pays quite well.

Bragging about how much you get paid is a violation of the CoC.  3 Days in the Cooler.

RE

Quote from: TDoS on May 02, 2026, 07:49 PMYou are quite short.

Either you can't add or you're a poor judge  of height.   I'm not Joe Pesci.  I'm the same height as Tom Cruise. 😀

RE

Quote from: TDoS on May 03, 2026, 06:54 AMWhatever you say. I am making my estimate based on how short you were compared to me. The 12 year old who came up and asked about your little electric skateboard thing was about your height, so my estimate seems pretty reasonable. 

I was sitting on the scooter, dimwit.

RE

He said, she said. 🙄

At the time, I COULDN'T stand up without having something to  brace myself against, and even then only briefly.  Certainly did not stand talking to a boring fat man.

RE

Quote from: TDoS on May 03, 2026, 07:17 PMHow well did your memory hold up after those cocaine partys you've described back in your Wall Street days? Any better than just boozing it up all weekend with friends?   

It works just fine.  It is selective though.  With people, I remember all the really hot women I ever met and anyone who had interesting ideas to chat about.  Anybody else is mostly a crap shoot, except for rude, fat, boring, stupid, anonymous and ugly people who I nearly always forget.  More than 1 of those attributes increases the chance you will be forgotten.  If the person also has interesting ideas besides being ugly for instance, it increase the chance I remember them.  So it's no surprise you didn't get a storage bin in the archives.


RE

Meanwhile, the price of Oil is currently at $75/bbl.  This of course because now that Chump & the I-a-toldya have electronically signed an MoU that nobody has seen and millions of barrels are now streaming out of Hormuz on their way to Happy Motorists aaround the world, right?  I seriously doubt this.

What is much more likely is that Demand Destruction is beginning to set in, growth has slowed to a snail's pace and a recession is now being priced in to the futures trade.  Oil is selling at $74 because they're not finding enough buyers even for the restricted amounts now currently available at prices of $80 and up, so they have to lower the price.  This also why they are slow to invest in drilling new wells and ramping up production.  The price won't crank back up until real physical shortages start appearing in markets that can afford to pay the high prices, like the FSoA.  Supply & Demand.  This is still a ways off.  How long?  Maybe our resident expert can make a world class analysis.  Ideally, skyrocketing prices and physical shortages will show up in October, a month before the elections.  That would seal Chump's fate, if the elections aren't rigged or cancelled.

RE

QuoteWhat is much more likely is that Demand Destruction is beginning to set in.

Suppliers need a bargain since current energy prices can't be supported.  You are not going to pay a lot for something you can't sell at a high enough price to cover your costs.  The question is, is this a lagging indicator of economic conditions or is it a leading indicator of market expectations.  Or both.  It looks to be both.

Sort of like telling the waitress you will wait for the fresh pot of coffee.

Looking at the graph it looks like the demand destruction was manifesting as a straight line down.