Born Hunter
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Everything posted by Born Hunter
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I’m sure no one will take issue with that statement.
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I’m actually a fan of just taxing income. It doesn’t damage the economy in the same way that corporation tax, vat, duty etc do. Makes the uk a cheap place for foreigners to spend their money and makes the complex tax monster that we have more transparent. In theory.
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Quite simply, crude oil isn't petrol. And a pound today isn't equal to a pound in 2008. Inflation has led to considerably greater cost in taking that $130 barrel of crude and transforming it into a litre of petrol at the pump. The $-£ exchange rate have also deteriorated since then, meaning that even relatively it's not the same. And just as the crude oil production ability of the upstream oil industry has been damaged by the downturn, the downstream's ability to process it into petrol has been too. These are demonstrable data driven facts.
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I didn’t report it!
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Ahem, well, an orgy is when many people all f**k each other whereas a gang bang is when many people all f**k one person. You wouldn’t know where to look with an orgy, you’d know exactly where not to look with a gang bang!
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Kenyan? Lancs Reg. Sounded dodgey as f**k but I reserve judgement.
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Also, if the genders were flipped I’m sure most of us would probably have a different view of it. Me included.
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Strictly speaking, that’s a gang bang, not an orgy. f***ing state of journalism these days!
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Anyone holidaying in Spain next couple of months
Born Hunter replied to mushroom's topic in General Talk
Been belting here today. Only wish I was at the coast with crystal clear viz and a secluded cove to explore. f***ing soul food! -
Vaguely appropriate for the thread
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There is of course the fact that global demand for oil was growing pre covid anyway and showed no sign of stopping. Peak oil has been talked about for years and it is something to be treated with caution but nonetheless there is probably a finite reserve of oil and eventually it will just not be able to meet this forever growing demand. Conventional reserves dry up, then innovators find ways of extracting the unconventionals, and that cycle continues. But at some point there's no more to squeeze out....
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Born did not say that.
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So do I. I've got no real financial worries, but then I pay the price for those life choices. But there's gonna be more people with serious financial problems and they are going to want someone to blame. Wide spread social hardship has historically led to extreme political earthquakes as the people feel the pinch and blindly demand a change.
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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
