The World Oil Debacle

[MCN]

1st the Bankers (actually, always the bankers) now the oil producers.

https://oilpro.com/post/17604/whiting-problem-may-trigger-canadian-shut-ins?utm_source=DailyNewsletter&utm_medium=email&utm_campaign=newsletter&utm_term=2015-08-17&utm_content=Article_2_txt
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Disclaimer: The comments above may be predicted text and not necessarily the opinion of MCN.

[Ste]

"There are reports of gasoline price increases of 50¢/gal overnight"

[Polarbear]

Hey, oil prices you read about are one thing. The price we get to pay is dictated by governments.

Remember, a barrel of oil costs ? $75?

Then you have to transport it to a refinery, refine it to what you want, diesel, petrol, vaseline etc, then transport it to whichever country, then distribute it and sell it on.

Oil and oil products are peanuts. It's government and greens that are making it all expensive.
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Triumph Trophy Launch Edition

[Grizly]

Blame the Saudi's. They are producing oil at a loss (deliberately - they aim to drive out the higher cost producers like frackers) - they say that they can sustain the low prices for 10 years. Playing the long game.
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Wohoo!

[scorps]

Its causing havoc up here in The Oil capital, several of my friends are now going to have to sell at least one of their posh cars and possibly a bike or two. Our company is really quiet with only one decompression chamber out and the building of two on hold.
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Do not presume that I am male.

[Ribenapigeon]

Its nor just OPEC over supplying. There's a world overproduction of oil. Coupled with slowdowns in industrial production. Also advances in production technology allowing previously difficult to extract reserves to be exploited.

[DrSnoosnoo]

I saw a news article yesterday which went along these lines.

Islam says we shouldn't be raping the earth of all of it's stuff. We (Muslims) should dedicate ourselves to reaching 100% renewables.

I can see Saudi doing that ...
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I'm Sam; Northern, Ginger, Lover
Did have: '95 ZZR600 '83 CG125 '97 ZZR1100 '15 Hypermotard 821 SP Do Have: '10 ZX10R

[Itchy]

[DrSnoosnoo]

[Ribenapigeon]

Everyone worries about nuclear weapons but the bigger risk is nuclear power stations. China is currently building sixty of them!

[DrSnoosnoo]

[Scythe]

[dydey90]

Why should we worry about nuclear power stations? Apart from them refining radioactive material to weapons grade.
Germany shut theirs down after the Fukushima disaster, as they're also in critical danger of tsunamis.
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This post is probably not serious and shouldn't be taken literally.
Past: CBR125,ER6f NINJA 650, ZZR600 Current: VFR750

[Ribenapigeon]

[unitynotsocri...]

The UK has already got into a power pickle . The nuke deal for new reactors was helped by Gordon Browns brother.
UK reactors are nearly dead horses ,with substantial capacity having to shut down in the next ten years. The government has repeatedly extended the life of tired reactors past their design stages,and many grasphite cored reactors are crumbling. It is far more likely that a major nuclear accident could happen .....again.... Collectively,USA,UK and Johny Franco have been busy promoting nuclear , France has just got its west Africa uranium billion dollar development nearly on stream , its just waiting for USA and UK ,china ,and as few others too steasmrollerr through reactor building, aided greatly by scaring the shits out of us with visions of winter blackouts .There's been a deliberate policy to destroy coal in the UK and getting the peacenicks and nuclear poisoners to hug and make up ,explaining how ' green' nuclear is while giving over the top subsides for rip off solar and overpriced wind turbines.

If there's a UK nuclear accident it will probably be Heysham or Hartlepool.

If you ever wondered what happens to burnt up Uranium,visit southern Iraq,its massivley contaminated through depleted uranium shells......
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