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23-01-2016, 10:15 AM | #1 | |||
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We really do need to keep a close eye on the world economy. The latest economist predictions are, late summer of 2016 the domino effect will really kick off.
Maersk ties the decline in global shipping to a FALL IN DEMAND, not an increase in shipping fleets. This point is driven home when one examines the real-time MarineTraffic map, which tracks all cargo ships around the world. For the past few weeks, the map has remained almost completely inactive with the vast majority of the world’s cargo ships sitting idle in port, not travelling across oceans to deliver goods. The reality is, global demand has fallen down a black hole, and the U.S. is at the top of the list in terms of crashing consumer markets. http://www.alt-market.com/articles/2787-the-us-is-a…
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23-01-2016, 10:36 AM | #2 | |||
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שטח זה להשכרה
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The Baltic Dry Index predicted the 2008 crash and is now at its lowest point since its inception. If I know that, I'm sure the people who matter do.
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23-01-2016, 12:30 PM | #3 | |||
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I think anything and everything that predicts a forthcoming crash matters to each and every one of us.
Oil is at an all time low, stock markets are tumbling and we have fallen into a deflation trap so the question is, is there or isn't there going to be a world crisis? Nobody is blaming Osborne for this btw, unless they are stupid. It wouldn't matter who was our PM or Chancellor of the Exchequer were, if the US crashes, we just get sucked into the shock waves.
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23-01-2016, 01:17 PM | #4 | |||
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Oil is not at an "all time low", the price of oil is low yes, but production continues. The Saudis have an enormous reserve, for instance. The USA isn't importing now because they have domestic wells and stocks. The question of whether there will or will not be a world crisis isn't a question anyone on here can answer. |
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23-01-2016, 01:40 PM | #5 | |||
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Clearly but its a debatable topic if your interested enough.
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23-01-2016, 12:57 PM | #6 | |||
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Likes cars that go boom
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Why is oil at an all time low, who isn't using oil?... Is there a glut of oil?
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23-01-2016, 01:00 PM | #7 | |||
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23-01-2016, 01:07 PM | #8 | |||
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23-01-2016, 01:09 PM | #9 | |||
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This Witch doesn't burn
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23-01-2016, 01:08 PM | #10 | |||
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This Witch doesn't burn
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23-01-2016, 01:12 PM | #11 | |||
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Will.
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Apparently too countries in the middle east (I've forgot) are different Islam denominations and they are competing against each other to sell oil around the world. So they keep lowering the price again and again, which obvs results in really cheap oil. I could have got this all wrong, this is how I remember it. Last edited by Will.; 23-01-2016 at 01:14 PM. |
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23-01-2016, 01:14 PM | #12 | |||
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Likes cars that go boom
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Quote:
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23-01-2016, 01:17 PM | #13 | |||
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Will.
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23-01-2016, 01:56 PM | #14 | |||
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This Witch doesn't burn
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25-01-2016, 08:16 AM | #15 | ||
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Take the tax out of that equation; 57p a litre down to 41p a litre = 28% drop in price. Also consider that the cost of fuel also covers the cost of production (you don't fill your car with crude oil, it's goes through extensive refinement) and also distribution (transport, the cost of running the pumps and garages themselves) both of which are also mostly static, it's not just the raw price of oil. We filled up yesterday for 97.7p/litre. I don't remember fuel being that low ever... I remember the "Ł1" blockade shenanigans and I was about 12 or 13 maybe so that was at least 17 years ago. I'm sure plenty of you oldies remember it being much cheaper . Gas and Electricity are of course another matter entirely. There's a huge, insidious energy molopoly there that's been going on for years with absolutely obscene profit margins. |
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25-01-2016, 05:08 PM | #16 | |||
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Likes cars that go boom
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Quote:
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26-01-2016, 08:13 AM | #17 | |||
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I remember the front page horror of Ł1 a GALLON. Like I remember the weeks of front page articles and coloured wash drawings of how we would all be wealthy and living in some paradise when North Sea oil was discovered. I can laugh at both now (when I'm not actually crying)
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23-01-2016, 01:54 PM | #18 | |||
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23-01-2016, 01:12 PM | #19 | |||
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Likes cars that go boom
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Fracking produces gas not oil??
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23-01-2016, 01:16 PM | #20 | |||
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23-01-2016, 01:35 PM | #21 | |||
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Likes cars that go boom
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How is the production of shale gas relevant to oil prices though?
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23-01-2016, 01:43 PM | #22 | |||
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This link explains it better than I could
http://www.independent.co.uk/news/bu...-a6789931.html
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23-01-2016, 02:02 PM | #23 | |||
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Likes cars that go boom
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As a side note this is happening here too, when your economy is dependent on high oil/energy prices to function I guess something has to give. No wonder we always dragged our heels on energy regulations as it possible a major source of wealth for our economy. If it goes down we crash. We are attempting as America has to divest into shale, can't blame saudi for not slowing production as they are attempting to compete, as they explain who's to say other oil producing nations wouldn't just pick up the slack?...
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Last edited by Kizzy; 23-01-2016 at 02:03 PM. |
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23-01-2016, 01:18 PM | #24 | |||
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Will.
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Apparently it's not impossible for it to drop below $10 a barrel.
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23-01-2016, 01:19 PM | #25 | |||
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You know my methods
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I listened to the Head of Aberdeen Asset Management make a rather grim prediction about the world economy yesterday from some thing going on at mo in Switzerland
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