Born Hunter
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Everything posted by Born Hunter
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If I could predict markets I wouldn't be working for a living. I certainly wouldn't be on here entertaining the worlds lunatics! No one is controlling the oil price. Of course every oil company plans how much they want to produce to maximise their profits based on current and predicted market trends. So why don't they just all strangle production and keep the price up (controlling the price) I hear you ask... Because they're greedy capitalists that's why! They want to gain market share in a booming market so they want to produce more and sell more. The only reason they are not going hard
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Your side are are letting me down, so I'm having to argue both ends to keep it up! I'll provide a graph for you to use against me shortly.
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What I don't get is why the same bunch of loony toons that think covid was one massive conspiracy haven't cottoned on to the fact that covid was the economic cause of the oil price boom... It fits their theory perfectly. Objective: kill off oil. Step 1: develop an alternative to internal combustion/oil. Step 2: cause a global industry downturn (covid). Step 3: watch the industry dramatically reduce production by cutting staff and assets. Step 4: end the event that caused the downturn and watch demand return to normal with an industry that can't meet the demand, causing
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You could say 'inflated'.
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Listen to you, lol. Still not actually going to provide any evidence. Just like her frankly. Just a load of drum beating conjecture. But you’ve got wisdom on your side right. Lol
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Blackhawk Down put me off if I'm honest.
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What part of anything I’ve written makes you think I’m defending the government!?
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That's the perks of being at the top. You take one annual 5M bonus and you stop needing to worry about money ever again. But let's not pretend anyone can manage the biggest companies in the world.
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I mean, I'm not going to argue that this isn't mostly the result of political decisions. Be it tax, green politics, fracking, covid lockdowns, strategic energy supply, work force. I just want the public to be a bit smarter with the actual causes and stop letting the media whip up a storm.
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Surely right now it's "poor us, mean oil companies". I'm not asking for sympathy for the oil companies, I'm saying let's have it right, we suffered and no one gave a shit and neither did I or the industry ask you to. We dealt with it. Now the shoe is on the other foot, everyone want's blood. Boom and bust...
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Do you honestly expect private corp's to do that? They are things governments should be doing because they have strategic security implications. Corp's will only look to their own survivability. They aren't going to invest in things that don't pay off. If they go about doing stuff that is the concern of governments at their own expense then investors will leave them for more sensible profit driven companies. Why because I'm not joining the little man's witch hunt? I'm not in the industry anymore, I wanted out and am out. 'They', nice little media snippet that. Do you really giv
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That won't do it alone, it'd be like perpetual motion if it was. The highest crude has ever been was a spike in 2008. Which corresponded with diesel at like 1.30/lt. The crude price was a little higher than it is currently but clearly the diesel price is much different. Bare in mind that inflation roughly halves the value of the pound every 20-30 years. 2008 was 14 years ago, so the cost to do anything with the crude back then would've been a fair bit cheaper. Forecourt retailers are literally making like 1p per lt. It's such a competitive market, if they try to profiteer then their
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As you say there never was a shortage. As I kept saying at the time. It was entirely spontaneous panic and led to the forecourts being quiet shortly after due to all the 'five quid a week mob' having full tanks and not needing it.
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If they are then I don't know what they were making before, given their margins are like 1-2p/lt. The greatest cost is extracting and processing.
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Processing costs? Inflation driving up the cost of processing the crude into petro' products. Only like 30% (need to check the exact figure!) of what we pay at the pump for petrol/diesel is the cost of getting the crude out of the ground right? The rest is processing and tax. A lot of tax.
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Surely everyone needs evidence to follow a belief? Or can anyone just claim anything and everyone is expected to follow blindly? It's not unsupported, it's happening. The exec's and VPs of oil companies aren't wedded to oil, they're wedded to profitability, which is still 90% in oil. Politicians and the politically active public have made it clear that oil is the enemy and will be killed off as soon as the tech allows. Oil companies have been diversifying their operations and investments for some time, in preparation for the time that that shift comes. They didn't want to have to do th
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You can see can you. You can't show the rest of us, but you can see... If someone claims that the oil companies were making great profits the past few years, how exactly do you expect to prove or disprove that without some sort of data that shows the profits? There's a common opinion now that oil companies are f***ing the little man. No one wants to show a scrap of evidence as to how that is happening and when I offer an alternative, with evidence, born of over a decade of experience, I'm the one who's got my head in the sand?
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Which is infinity more evidence than you have provided. It's amazing that you think oil companies want electric vehicles. I've never suggested offering charity or sympathy. It's you lot that seem to want sympathy now the shoe is on the other foot.
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Of course. But no one controls the entire industry. OPEC tried back in 2014 and f****d themselves. That was the first industry crash I experienced.
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They could if they acted together, but despite such claims, they don’t. One company cuts OpEx and staff to make themselves more attractive to investors and the rest follow. Because it’s a competition. If they don’t cut fat, they die.
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What’s your point?
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Yeah if you say so.
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Remind me how the oil industry was bailed out by the tax payer? I’m not interested in any other industry, we’re talking about oil. What foresight? What should they have done to prepare for a downturn? How can a company expect to continue to exist when they are making a loss? How can they Mai Tain their current OpEx and staff levels when they are making a loss because of a market crash in demand?
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Their asset worth is dependant on their profitability. If they do not look like a long term profitable company they won’t be worth f**k all. You’re massively oversimplifying how companies exist. They had to lay off half the workforce to keep investors interested and keep their value.
