Current Oil Price

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emordnilap
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Post by emordnilap »

Vortex wrote:I suspect that it will take MONTHS for oil price changes to percolate through the system.
Yep. Lots of mysteries abound. I've just seen one-thirty-point-nine euro for a litre (southern Ireland) and people are saying it's dear but they forget it was higher than that two years ago for a brief period. $120 oil will eventually filter through I suppose, but when?

Still people tear around like it's the end of the world, overtake for no obvious reason, I see trucks delivering trucks, road-widening plans, more and more light pollution, never-ending retail expansion, coo, what a weird world some people inhabit.

To steal RC's sig, everyone talks about stuff but no-one does anything about it!
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
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Vortex
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Post by Vortex »

Jay Forrester certainly would have an idea about how time delays, overshoot etc come about.

I wonder if he is looking at the current situation?

http://en.wikipedia.org/wiki/Jay_Wright_Forrester

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PS_RalphW
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Post by PS_RalphW »

SunnyJim wrote:People are spending less, I'm sure. A larger percentage of income is going on fuel. THis means (as always) it will be the middle class luxury items that will suffer first. Holidays, big ticket electrical items (plasma TV's etc), new cars, conservatories and similar spring to mind. When those industries fail then then unemployment start setting in, and those people stop spending and so the spiral starts.

How many here going on a forign holiday this year?
Err... We have spoken to an architect about building a conservatory
(tying it in with the neighbour's new extension to save costs) and my wife has promised junior a ride on an aeroplane if she is really good for several months, and last month I bought a new LCD television....

but we decided against a 7 seater 'car' even if it was an efficient diesel.
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SunnyJim
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Post by SunnyJim »

Jesus! YOu must be loaded!!!!

I assume you have no mortgage or credit card loans?
Jim

For every complex problem, there is a simple answer, and it's wrong.

"Heaven and earth are ruthless, and treat the myriad creatures as straw dogs" (Lao Tzu V.i).
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emordnilap
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Post by emordnilap »

The conservatory's a good investment if you have the cash.

The tv and the plane ride are a waste of time and energy but you know that already.
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
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RenewableCandy
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Post by RenewableCandy »

RalphW wrote:
SunnyJim wrote:People are spending less, I'm sure. A larger percentage of income is going on fuel. THis means (as always) it will be the middle class luxury items that will suffer first. Holidays, big ticket electrical items (plasma TV's etc), new cars, conservatories and similar spring to mind. When those industries fail then then unemployment start setting in, and those people stop spending and so the spiral starts.

How many here going on a forign holiday this year?
Err... We have spoken to an architect about building a conservatory
(tying it in with the neighbour's new extension to save costs) and my wife has promised junior a ride on an aeroplane if she is really good for several months, and last month I bought a new LCD television....

but we decided against a 7 seater 'car' even if it was an efficient diesel.
I hope you're taking the micturation.

But then, we have another 'holiday' planned for this summer...
Soyez réaliste. Demandez l'impossible.
Stories
The Price of Time
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PS_RalphW
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Post by PS_RalphW »

SunnyJim wrote:Jesus! YOu must be loaded!!!!

I assume you have no mortgage or credit card loans?
I have been a tight git for decades.... :D

The conservatory is simply an infill between the kitchen and the neighbour's extension. One roof, floor and wall. Since the extension will block what little light the back room gets, might as well extend it to get back to square one.

The 'foreign holiday' will probably be a long weekend in Belfast. Staying in a youth hostel. A sort of 'now or never' experience for the kids...

The flat screen was a waste of money, better picture but still nothing worth watching .

The advantage of being stingy in the good times, is that you can really flash the cash in the bad times ... :D
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SunnyJim
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Post by SunnyJim »

RalphW wrote:
SunnyJim wrote:Jesus! YOu must be loaded!!!!

I assume you have no mortgage or credit card loans?
I have been a tight git for decades.... :D

The conservatory is simply an infill between the kitchen and the neighbour's extension. One roof, floor and wall. Since the extension will block what little light the back room gets, might as well extend it to get back to square one.

The 'foreign holiday' will probably be a long weekend in Belfast. Staying in a youth hostel. A sort of 'now or never' experience for the kids...

The flat screen was a waste of money, better picture but still nothing worth watching .

The advantage of being stingy in the good times, is that you can really flash the cash in the bad times ... :D
Lovely city Belfast. Been there once and thought it beautiful. Very low rise with the hills visible. Would like to go back one day....

I wish I'd been tighter before I found out about peak oil. When I think what I've spent in pubs and on friparies..... :roll: Never mind. It was fun at the time.... I think....
Jim

For every complex problem, there is a simple answer, and it's wrong.

"Heaven and earth are ruthless, and treat the myriad creatures as straw dogs" (Lao Tzu V.i).
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SunnyJim
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Post by SunnyJim »

On my wish list these days the final mortgage payment, a greenhouse\conservatory on the front of the house (to warm us in the winter and for seed propogation), double glazing, solar water heating. I couldn't give a monkeys about travel, but have been badgered into going to France (via ferry) camping for a long week this year. I'd so much rather spend the money on something useful.
Jim

For every complex problem, there is a simple answer, and it's wrong.

"Heaven and earth are ruthless, and treat the myriad creatures as straw dogs" (Lao Tzu V.i).
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biffvernon
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Post by biffvernon »

$115 "Price plummets on news of Forties shut in".
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mikepepler
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Post by mikepepler »

biffvernon wrote:$115 "Price plummets on news of Forties shut in".
Erm, it's been back above $117 in the last 15mins.
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RevdTess
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Post by RevdTess »

It's actually more the strike against ExxonMobil in Nigeria that's pushing prices up this morning. Grangemouth is kinda 'yesterday's news'
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biffvernon
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Post by biffvernon »

Right. I think my point was that the small short term wobbles are just the noise of the chaotic part of the system, though journalists try to find an explanation for every twitch. :)
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mikepepler
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Post by mikepepler »

Back above $118 now, due to Nigeria, Grangemouth and the dollar weakening again, accord to the "analysts"...
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Vortex
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Post by Vortex »

Grangemouth is kinda 'yesterday's news'
$100 / bbl is yesterday's news too ....
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