bakasabo
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October 20, 2022, 10:33:12 AM |
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1. The price of oil, from which gasoline is NOW made, was purchased when it had a different price. In this case, it's higher. Oil is bought mainly by futures - and these are deliveries of future periods, i.e. the price is formed based on the forecast for the future.
Frankly speaking, that does not make sense. Companies have bought oil in past for low price, and sell high if market oil price today goes up, and sell high if market oil price today goes down. The only logical explanation I see is greed. And I cant understand why diesel now cost more than petrol? Technologies are the same. Petrol is more clean fuel. But it cost less. Nothing has changed, but previously diesel always cost less than petrol.
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DrBeer
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October 20, 2022, 02:33:08 PM |
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Yes, my mistake, I didn’t express my idea correctly - you predicted an increase in the price of Russian oil, “Russia’s total influence on the hydrocarbon market”, and dreamed that Russia would again have a high income from oil, so it’s more correct ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I already wrote - do not worry, it will never be good in Russia and with its oil. It becomes, at best, an outcast country like North Korea. Ideally, it will be divided into a large number of free republics. And oil and gas will become the raw material that will ensure the payment of reparations to all victims of its terror. But why should India worry? India, like China, is "helping fraternal Russia" by forcing it to sell its oil to them at a dumping price. Like it or not, much of India and China's oil is purchased from a global terrorist country at prices below $40 a barrel. This is Urals brand oil. The fact that the government "sings songs" to you about the high price is already your personal problem. With a high probability, this is also a corruption scheme, when you pay for gasoline / diesel, based on the price of raw materials of $ 90, and your wise rulers pocket the difference. Think about it. Initially some of the oil refineries in India were able to source crude oil supplies from Russia, at a discount of about $30 per barrel (although a large part of it was lost as a result of elevated transportation and insurance costs). But in recent months, the discount has hovered at around $5 to $6 per barrel, as a result of increased demand from the European Union. Many of the refiners have reverted to importing crude from Iran and Iraq, as they are giving more discount. The situation may change next month, as the EU embargo on tanker crude from Russia will take in to effect. You can here long and tediously retell propaganda or other fake news, but the reality is different ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I have information from a person who works directly in China, is directly involved in the purchase of oil, and primarily Russian, which Russia, not being able to sell to other countries (due to many factors and restrictions from the spring-summer 2022), began to sell to those who does not hesitate to support the global terrorist. But, since the situation is not very in the hands of Russia, both China and India have set their own conditions for the price. Today, discounts on oil, from the market price "here and now" is up to 30%, this is for normal oil. Russian terrorists were forced to give a discount of 50% or more for China and India on this oil, and to bear the logistical costs (exactly for China, there is no information about India). What you are writing about is the pricing of "old" contracts that were signed before the loss of the oil market in the EU. This is what reality looks like. Let me remind you of the ancient saying "No matter how much you say halva, it will not become sweet in your mouth" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Ultegra134 (OP)
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October 20, 2022, 04:22:46 PM |
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You can here long and tediously retell propaganda or other fake news, but the reality is different ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I have information from a person who works directly in China, is directly involved in the purchase of oil, and primarily Russian, which Russia, not being able to sell to other countries (due to many factors and restrictions from the spring-summer 2022), began to sell to those who does not hesitate to support the global terrorist. But, since the situation is not very in the hands of Russia, both China and India have set their own conditions for the price. Today, discounts on oil, from the market price "here and now" is up to 30%, this is for normal oil. Russian terrorists were forced to give a discount of 50% or more for China and India on this oil, and to bear the logistical costs (exactly for China, there is no information about India). What you are writing about is the pricing of "old" contracts that were signed before the loss of the oil market in the EU. This is what reality looks like. Let me remind you of the ancient saying "No matter how much you say halva, it will not become sweet in your mouth" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Well, that's not really private information or news. Russia started selling to India and Russia at discounted prices when Europe limited their usage and purchases. However, Europe started buying from other markets, which were reselling Russian oil at much higher prices. I love how Europe "punished" Russia with their sanctions. The only ones suffering here are European citizens, especially those who were already in a desperate situation. Anyway, I've come to terms that stability isn't going to come any time soon. Crude oil prices are increasing once again and are constantly fluctuating, with gas prices being constantly on the rise here, causing inflation to worsen.
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RockBell
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October 20, 2022, 09:00:30 PM |
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Since cars using fossil fuel emit a lot of carbon dioxide and have a significant negative impact on the environment, the era of crude oil is already coming to an end. As a result, most automakers are switching to hybrid or dual-engine cars that use little fossil fuel and solar energy and switch to it automatically when the battery runs low, or Tesla cars that run on electricity.
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yohananaomi
Sr. Member
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October 21, 2022, 03:00:49 AM |
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Entering 2022, the price of crude oil is still below $100, but entering March it immediately increased and penetrated to $118. Of course this triggers the price of commodities to also increase, it is clear that many countries are not benefiting from that price. after that it fell a bit in a few months later and increased again in June and stayed above $100 until early August, and finally now it can be below $100. will this last? if you look at the past, there will always be opportunities for improvement and this is not good for the world economy, which has already begun to enter a crisis.
In order to reduce the use of petroleum so that dependence can be reduced and reduce the risk of inflation due to the increase in oil, the era of fossil fuels should inevitably be reduced immediately. apart from having a clear negative impact on environmental pollution, it should start to be replaced with more environmentally friendly ones, even though it's not easy to do right now. but there is already a bright spot that many transportation equipment manufacturers are looking to twin engines or those that are directly powered by electricity or use solar energy. Hopefully this dependence will soon be replaced and the inflation factor can be reduced.
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Sithara007
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October 21, 2022, 05:35:04 PM |
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Since cars using fossil fuel emit a lot of carbon dioxide and have a significant negative impact on the environment, the era of crude oil is already coming to an end. As a result, most automakers are switching to hybrid or dual-engine cars that use little fossil fuel and solar energy and switch to it automatically when the battery runs low, or Tesla cars that run on electricity.
First of all, cars can't run on solar panels, wind turbines or tidal mills. The electricity that is generated by the solar panels need to be stored in batteries. And in order to manufacture these batteries, you need massive amounts of metals such as Nickel, Cobalt and Lithium. And these are rare metals and the ongoing mining process has already resulted in huge environmental damage. And now coming to the affordability part, on average the EVs cost 3x or 4x compared to the gasoline-variety with the same specs.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
AVATAR & PERSONAL TEXT Leading Crypto Sports Betting & Casino Platform Feel free to drop your doubts bellow Report to moderator ♠ ♥ ♣ ♦ ▬▬▬ ▬ Stake.com / Play Smarter ▬ ▬▬▬ ♠ ♥ ♣ ♦ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ L E A D I N G C R Y P T O C A S I N O & S P O R T S B E T T I N G Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Strongkored Legendary * Online Online Activity: 2072 Merit: 1061 View Profile Personal Message (Online) Trust: +0 / =0 / -0 Ignore Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY May 31, 2022, 08:28:59 AM Reply with quote +Merit #2 Bitcointalk Username: strongkored Profile Link: https://bitcointalk.org/index.php?action=profile;u=640554Post Count: 5040 Forum Rank: Legendary Are you able to wear our Signature, Avatar & Personal Text? will wear upon receipt Stake
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DrBeer
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October 21, 2022, 06:54:07 PM |
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Since cars using fossil fuel emit a lot of carbon dioxide and have a significant negative impact on the environment, the era of crude oil is already coming to an end. As a result, most automakers are switching to hybrid or dual-engine cars that use little fossil fuel and solar energy and switch to it automatically when the battery runs low, or Tesla cars that run on electricity.
First of all, cars can't run on solar panels, wind turbines or tidal mills. The electricity that is generated by the solar panels need to be stored in batteries. And in order to manufacture these batteries, you need massive amounts of metals such as Nickel, Cobalt and Lithium. And these are rare metals and the ongoing mining process has already resulted in huge environmental damage. And now coming to the affordability part, on average the EVs cost 3x or 4x compared to the gasoline-variety with the same specs. You probably just do not quite understand what renewable energy sources are, and how "green energy" is used ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) All wind, tidal, thermal, solar systems have one goal - to convert the energy received from the outside into electrical energy. I hope everything is clear here. And here is the most interesting. Any energy must be extracted, converted into the desired "format", and transferred to the consumer or made a reserve. I have to upset you... Cars run from green energy, lights shine, food is cooked in the oven... You probably confused "home" electricity from window solar panels with industrial stations ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Tales about "great harm" are 90% lies of propaganda, those who lose income, 10% reality. So far, the production of batteries is not the most environmentally friendly production, but not a "nightmare-nightmare" against the background of emissions from internal combustion engines and other plastic bags ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Let me remind you how hysterical Russia was squealing to the whole world about the dangers of "shale oil" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) And it turns out that they themselves have been using hydraulic fracturing to extract their oil for many many years ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) In addition, battery manufacturing technologies will change dramatically in the next 5 years and completely different technologies will go into mass production. Which, by the way, will allow accumulating huge amounts of that same green energy. So - the time of oil and gas is a thing of the past, like coal in the 19-20th century ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Hmm, and about the price of cars, you AGAIN or do not own, or, as has already happened - CONSCIOUSLY LIE ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Why, if now it is extremely easy to check the information. In general, I had a strong suspicion that you are not from India, but from Russia, there are such habits of constantly lying "the normal state of a person" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Sithara007
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October 22, 2022, 04:08:08 AM |
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^^^^ My question is still valid. The question is not regarding the generation of electricity. For example, if solar panels are used for running the vehicle, how do you use your car at night when the power is not available. For that purpose you need batteries and they are very expensive.
And if production of batteries don't harm the environment enough, the mining of raw materials for battery production is a very polluting process. On top of that it has triggered civil wars in countries such as Democratic Republic of the Congo.
And you are talking about new technologies in battery production. It has been almost two decades, and Tesla is still using the Nickel-Cobalt-Lithium battery for their vehicles.
Regarding the prices, at least in my country EVs cost 4-5 times more than the gasoline run vehicles.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
AVATAR & PERSONAL TEXT Leading Crypto Sports Betting & Casino Platform Feel free to drop your doubts bellow Report to moderator ♠ ♥ ♣ ♦ ▬▬▬ ▬ Stake.com / Play Smarter ▬ ▬▬▬ ♠ ♥ ♣ ♦ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ L E A D I N G C R Y P T O C A S I N O & S P O R T S B E T T I N G Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Strongkored Legendary * Online Online Activity: 2072 Merit: 1061 View Profile Personal Message (Online) Trust: +0 / =0 / -0 Ignore Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY May 31, 2022, 08:28:59 AM Reply with quote +Merit #2 Bitcointalk Username: strongkored Profile Link: https://bitcointalk.org/index.php?action=profile;u=640554Post Count: 5040 Forum Rank: Legendary Are you able to wear our Signature, Avatar & Personal Text? will wear upon receipt Stake
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Ultegra134 (OP)
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October 22, 2022, 08:45:59 PM |
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^^^^ My question is still valid. The question is not regarding the generation of electricity. For example, if solar panels are used for running the vehicle, how do you use your car at night when the power is not available. For that purpose you need batteries and they are very expensive.
And if production of batteries don't harm the environment enough, the mining of raw materials for battery production is a very polluting process. On top of that it has triggered civil wars in countries such as Democratic Republic of the Congo.
And you are talking about new technologies in battery production. It has been almost two decades, and Tesla is still using the Nickel-Cobalt-Lithium battery for their vehicles.
Regarding the prices, at least in my country EVs cost 4-5 times more than the gasoline run vehicles.
Whether we like it or not, we need to cut down on fossil fuel usage not only because they are harmful for the environment but also due to them being finite. I understand your concern regarding the batteries; they are made out of harmful raw materials. However, they can be repaired and recycled. Technology is rapidly advancing and newer batteries will be made smaller, lighter and with less harmful materials in the near future. At least here, there are a few affordable options for electric cars, so the difference isn't that huge for a somewhat luxury performance car. For instance, the new VW ID4 GTX, which is AWD, 300hp with great range, costs approximately €45.000–€50.000 with the government's subsidy, if I remember correctly
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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DrBeer
Legendary
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October 23, 2022, 07:26:39 PM |
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^^^^ My question is still valid. The question is not regarding the generation of electricity. For example, if solar panels are used for running the vehicle, how do you use your car at night when the power is not available. For that purpose you need batteries and they are very expensive.
And if production of batteries don't harm the environment enough, the mining of raw materials for battery production is a very polluting process. On top of that it has triggered civil wars in countries such as Democratic Republic of the Congo.
And you are talking about new technologies in battery production. It has been almost two decades, and Tesla is still using the Nickel-Cobalt-Lithium battery for their vehicles.
Regarding the prices, at least in my country EVs cost 4-5 times more than the gasoline run vehicles.
Solar panels are used for the COLLECTION and STORAGE of electricity in industrial volumes. And THEN it is transferred to gas stations. Solar-powered electric vehicles - you've seen enough of science fiction somewhere ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) There will be, but not with today's efficiency of solar panels. About "battery production is a very polluting process" - do you have any arguments, evidence and comparison with others besides another "empty" statement? I'll tell you - the most "dirty" is the extraction of lithium. Can you tell us how much lithium pollutes the environment more than, for example ... oil or coal? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If not, then you, as a cultural person, will either have to apologize for FALSE information, or write before such statements - "according to my fantasies, it seems to me" and then text like "battery production is a very polluting process" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) About Tesla batteries - you are INTENTIONALLY LIEING again ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) You say: "Tesla still uses nickel-cobalt-lithium batteries for their cars", and the reality is far from your fantasies - "Tesla produces lithium-ion batteries for their cars. It is highly efficient 18650BG battery is pure Li-ion battery! And you are also lying about car prices ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I just can’t understand - do you really think that everything here is without a brain, the Internet and the ability to search for information? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I will give prices in Ukraine, with not the best economic situation, NEW cars: VW ID4 - $35.000 Dongfeng-Honda X-NV/M-NV - $27,000 Nissan Leaf - $29,425 Volkswagen ID.3 — $31,500 Opel Mokka-e — $34,278 MG ZS EV - $34,280 Hyundai Kona Electric — $36,600 This is the price of the middle class, no astronomical prices. $35,000 for a NEW electric car is a reasonable price. At today's price of gasoline, that's about 28,000 liters of gasoline. How quickly an electric car will pay off - it will not be difficult for you to calculate if you know basic arithmetic ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Ultegra134 (OP)
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November 06, 2022, 02:16:27 PM |
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We're a few days into November, and things aren't looking very pleasant. Crude oil has almost surpassed $100 per barrel again, sending gas prices to the moon once again. Natural gas (CNG) is also noting huge increases, which will be reflected in our next electricity bills for November and December. These uncertainties and the current market volatility are extremely tiring and stressful. Due to these massive increases in oil prices, inflation rates for the upcoming months will certainly worsen.
The price of a liter of unleaded petrol now costs €2.20 here.
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DrBeer
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December 10, 2022, 11:52:59 AM |
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In anticipation of the introduction of new restrictions on oil from the country of an international terrorist, the oil (and gas, by the way) market reacted ... with a fall in prices. Dynamics of prices for the main oil that the terrorist country sells by tankers, brand Urals: 01/12/2022 - 69.67 .... 09/12/2022 - 54.91 10/12/2022 - 52.72 At the same time, do not forget that this is the spot price. So - in contracts, this is another minus 20-30%. But that's not all ! "Friends of Russia" China and India, expectedly "have Russia" in their favor, forcing Russia to sell to China and India at a discount of about 50%. After the embargo is introduced, I am sure the level of "friendly discount" that China and India will "friendly ask Russia" by taking it by the throat will be even higher ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Oh yes, and about gas ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Natural Gas Futures - Dec. '22 (MNGc1) 01/08/2022 - 733.59 .... 09/12/2022 - 509.60
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Minecache
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Vave.com - Crypto Casino
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December 10, 2022, 12:19:36 PM |
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In anticipation of the introduction of new restrictions on oil from the country of an international terrorist, the oil (and gas, by the way) market reacted ... with a fall in prices.
I would like to let you know that Russia is not the only oil exporter in the world and it is not the largest oil exporter either. The decline in oil prices was due to a reduction in world consumption due to recession fears, as well as consumer demand not being as strong as in previous years. Falling oil prices will affect all oil exporting countries, not just Russia and one of the people who doesn't like this is probably OPEC+, but the beneficiaries will be the consumers. This topic is only about the price of oil, not about the war between Russia and Ukraine, hope you are awake enough to discuss, do not bring the spirit of terrorism into each comment.
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DrBeer
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December 11, 2022, 09:43:43 AM |
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In anticipation of the introduction of new restrictions on oil from the country of an international terrorist, the oil (and gas, by the way) market reacted ... with a fall in prices.
I would like to let you know that Russia is not the only oil exporter in the world and it is not the largest oil exporter either. The decline in oil prices was due to a reduction in world consumption due to recession fears, as well as consumer demand not being as strong as in previous years. Falling oil prices will affect all oil exporting countries, not just Russia and one of the people who doesn't like this is probably OPEC+, but the beneficiaries will be the consumers. This topic is only about the price of oil, not about the war between Russia and Ukraine, hope you are awake enough to discuss, do not bring the spirit of terrorism into each comment. I absolutely agree with you - Russia and Russian oil are essentially an empty place in the global economy! They really are trying to prove the opposite, but not very skillfully ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The only problem is that in the second half of the 20th century, the Kremlin managed (bribery, blackmail, ...) to plant three key European economies on the oil and gas needle. Germany, France, Italy. And it was after the unleashing of a terrorist war against Ukraine (whether you like this word or not - this is precisely terrorism), Russia received sanctions from the West! Am I saying something wrong in the chronology? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) In the first years since 2014, the sanctions did not have a particularly strong impact on the economy of this regional hydrocarbon supplier. But after March 2022, when the EU and the whole world were shocked by the actions of Russia, serious and weighty sanctions were already introduced against them. And in 2022, since the summer (although the first steps were taken earlier, read about stopping gas supplies to the EU), Russia also engaged in economic terrorism against the EU, violating agreements, and openly declaring that they will continue to violate their obligations and terrorize economy, especially Germany! Did I say something wrong? Something distorted in terms of meaning? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It was these events that triggered the rise in oil and gas prices. Or not so?
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Sir Legend
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 11, 2022, 01:39:01 PM |
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For countries that sell oil of course this is good because it can lower prices, especially since the last 5 years oil prices have always gone up and once my country announced that the target price for oil was $125 at the beginning of the year, and now it has dropped almost 25% and hopefully there will be a price reduction oil immediately.
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Ultegra134 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 11, 2022, 02:52:03 PM |
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In anticipation of the introduction of new restrictions on oil from the country of an international terrorist, the oil (and gas, by the way) market reacted ... with a fall in prices.
I would like to let you know that Russia is not the only oil exporter in the world and it is not the largest oil exporter either. The decline in oil prices was due to a reduction in world consumption due to recession fears, as well as consumer demand not being as strong as in previous years. Falling oil prices will affect all oil exporting countries, not just Russia and one of the people who doesn't like this is probably OPEC+, but the beneficiaries will be the consumers. This topic is only about the price of oil, not about the war between Russia and Ukraine, hope you are awake enough to discuss, do not bring the spirit of terrorism into each comment. I absolutely agree with you - Russia and Russian oil are essentially an empty place in the global economy! They really are trying to prove the opposite, but not very skillfully ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The only problem is that in the second half of the 20th century, the Kremlin managed (bribery, blackmail, ...) to plant three key European economies on the oil and gas needle. Germany, France, Italy. And it was after the unleashing of a terrorist war against Ukraine (whether you like this word or not - this is precisely terrorism), Russia received sanctions from the West! Am I saying something wrong in the chronology? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) In the first years since 2014, the sanctions did not have a particularly strong impact on the economy of this regional hydrocarbon supplier. But after March 2022, when the EU and the whole world were shocked by the actions of Russia, serious and weighty sanctions were already introduced against them. And in 2022, since the summer (although the first steps were taken earlier, read about stopping gas supplies to the EU), Russia also engaged in economic terrorism against the EU, violating agreements, and openly declaring that they will continue to violate their obligations and terrorize economy, especially Germany! Did I say something wrong? Something distorted in terms of meaning? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It was these events that triggered the rise in oil and gas prices. Or not so? Whether we like it or not, Russia is one of the largest suppliers of oil and CNG in Europe. It is certainly not a meaningless economy. The sanctions were a mere attempt to hurt Russia, and while it did affect them (a 4% loss in GDP), they weren't as affected as Europe anticipated. I'd also like to point out that barrel prices had started soaring even before the war started, somewhere between August and October. I'm not claiming that oil didn't skyrocket during the war, but the start had already been made. Fortunately, barrel prices have declined in the past few weeks; let's see how long it lasts.
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TheGreatPython
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 11, 2022, 09:53:30 PM |
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In anticipation of the introduction of new restrictions on oil from the country of an international terrorist, the oil (and gas, by the way) market reacted ... with a fall in prices.
I would like to let you know that Russia is not the only oil exporter in the world and it is not the largest oil exporter either. The decline in oil prices was due to a reduction in world consumption due to recession fears, as well as consumer demand not being as strong as in previous years. Falling oil prices will affect all oil exporting countries, not just Russia and one of the people who doesn't like this is probably OPEC+, but the beneficiaries will be the consumers. This topic is only about the price of oil, not about the war between Russia and Ukraine, hope you are awake enough to discuss, do not bring the spirit of terrorism into each comment. You are right Russia isn't alone with this but as far as I know, there's also India, Europe, and last but not the least Dubai. Dubai must be the largest of them all and Russia can go next to it. Before the talks about the recession, people are already budgeting and looking for alternatives to continue living without depending on oil because its prices were very expensive last time during the Russian-Ukraine war. This change have affected the oil suppliers but they shouldn't worry because this will only be temporary. Once the recessions are over and other crisis are gone. People will have more budget and they will probably start availing oils again.
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Wong Goblog
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December 12, 2022, 06:05:30 AM |
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Oil plays an important role for the economy, almost all industrial countries really need oil for the production process, many countries are very dependent on oil so they have to import, and of course when oil prices drop below $ 100 it will make many changes.
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DrBeer
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December 12, 2022, 08:16:23 AM |
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Whether we like it or not, Russia is one of the largest suppliers of oil and CNG in Europe. It is certainly not a meaningless economy. The sanctions were a mere attempt to hurt Russia, and while it did affect them (a 4% loss in GDP), they weren't as affected as Europe anticipated. I'd also like to point out that barrel prices had started soaring even before the war started, somewhere between August and October. I'm not claiming that oil didn't skyrocket during the war, but the start had already been made. Fortunately, barrel prices have declined in the past few weeks; let's see how long it lasts.
Today, 12/12/2022, we should say "WERE the largest LNG suppliers to the EU" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Come back to reality?! Most of the gas supplies to the EU from the terrorist country went through gas pipelines. 2 Russians blew themselves up, 1 on the territory of Ukraine, and we are trying to save it, because. we have obligations to the EU to ensure the pumping of gas. There is also the South Stream, which will now reduce the volume of Russian gas pumped. About LNG - well, would you at least read what reality looks like, or do you hope that they will just believe you? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Here is a picture of the LNG market (in million tons, 2021): Qatar - 104.8; Australia - 91.8; Malaysia - 33.0; USA - 28.4; Nigeria - 27.8; Russia - 24.9; Indonesia - 20.8; Trinidad and Tobago - 16.8; Russia's share is about 7% ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Do you want me to show you where Russia sells LNG and how much? In the EU, Gazprom's subsidiary, Novatek, sells it, it sells it to France, Spain and the Netherlands. Do you know how much of the total volume produced in Russia? About 8% of the total European volume of LNG! Leader you say?! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes, I note that in the first half of 2022, indeed, the volume of EU LNG purchases from Russia increased by 40%, but this was a one-time surge caused by gas terror from Russia (the cessation of pipeline gas supplies in fulfillment of contractual obligations), and the need to fill gas storage for the winter. That's it, Russia will not have such a volume of purchases more, moreover, the volume of purchases from Russia will now be purposefully reduced to 0!
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Ultegra134 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 23, 2022, 09:01:20 PM |
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Well, it was fun while it lasted. Crude oil is on the rise again and is expected to average $100 per barrel in 2023. WTI is already at $80 per barrel, and Brent oil is at $84 per barrel, an approximate 10% increase compared to the recent year low after the war. A few days before the entry of 2023, the future already looks unpleasant, with inflation expected to rise even further, up to an extra 5% of what it currently is. In the meantime, Europe is accusing the USA of profiting from the war by selling CNG even up to X3 to X4 its price since, after the imposed sanctions against Russia, the USA became one of the main importers. https://oilprice.com/Energy/Oil-Prices/100-Oil-To-Return-In-2023.html
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