Speculator Ghosts in the Oil Machine<\/a><\/h2>\n <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Nice layout of the idiots in Washington grasping for excuses. Excuses for them having not done what we sent them up there to do or for having promised crap and we believed it!. – WD0AJG<\/p>\n
from Gregor.us by Gregor Macdonald<\/p>\n
Persistent strength in the price of oil has once again unleashed maximum nonsense about the influence of speculators. Yes, it\u2019s painful that oil never returned to earth after its 2004 repricing. But, in the search for an explanation, substituting the arcane for the obvious will not help: speculators did not create 5-6 years of flat to falling global oil production. Furthermore, as oil made its way from below $25.00 to its new level at $100.00, more of the world\u2019s cheap oil from old reservoirs was <\/p>\n
“And Now the Rest of the Story – “Speculators or Demand?<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[13],"class_list":["post-6414","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bbs","odd"],"yoast_head":"\nSpeculators or Demand? - And That was How it Went<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ishmaels.net\/blog\/2011\/05\/27\/speculators-or-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Speculators or Demand? - And That was How it Went\" \/>\n<meta property=\"og:description\" content=\"Nice layout of the idiots in Washington grasping for excuses. Excuses for them having not done what we sent them up there to do or for having promised crap and we believed it!. – WD0AJG from Gregor.us by Gregor Macdonald Persistent strength in the price of oil has once again unleashed maximum nonsense about the influence of speculators. Yes, it\u2019s painful that oil never returned to earth after its 2004 repricing. But, in the search for an explanation, substituting the arcane for the obvious will not help: speculators did not create 5-6 years of flat to falling global oil production. 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Posted Oct 28, 2014. Oil is now as abundant as oxygen. The world is drowning in the stuff. Oil supplies are far outstripping demand. And unloading a barrel of crude is like trying to sell sand in\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"oilprice0908","src":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2014\/10\/oilprice0908_thumb.gif?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2014\/10\/oilprice0908_thumb.gif?resize=350%2C200 1x, https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2014\/10\/oilprice0908_thumb.gif?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2014\/10\/oilprice0908_thumb.gif?resize=700%2C400 2x"},"classes":[]},{"id":4210,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/01\/01\/energy-oil-production-and-the-outlook-or-lookout\/","url_meta":{"origin":6414,"position":3},"title":"Energy , oil production and the outlook? or LOOKOUT!","author":"wd0ajg","date":"January 1, 2011","format":false,"excerpt":"From Gregor.us Happy New Year from The North Sea. Or, Secrecy By Complexity The dramatic fall of Mexican oil production, and its largest field Cantarell, is often cited as a signature example of the problems facing Non-OPEC supply. Since the production highs of 2004-2005, Mexican production has lost over 800\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gregor.us\/wp-content\/uploads\/2010\/12\/North-Sea-Crude-Oil-Production-2008-2010.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gregor.us\/wp-content\/uploads\/2010\/12\/North-Sea-Crude-Oil-Production-2008-2010.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/gregor.us\/wp-content\/uploads\/2010\/12\/North-Sea-Crude-Oil-Production-2008-2010.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":4295,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/01\/06\/coal-oil-and-commodities-its-global-warming\/","url_meta":{"origin":6414,"position":4},"title":"Coal, Oil and Commodities \u2013 Its Global Warming \u2013","author":"wd0ajg","date":"January 6, 2011","format":false,"excerpt":"Wait that is not politically correct - it is now Global Climate Change causing all the problems. [recreading]","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7578,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/08\/19\/a-post-on-peak-oil\/","url_meta":{"origin":6414,"position":5},"title":"A post on Peak Oil","author":"wd0ajg","date":"August 19, 2011","format":false,"excerpt":"This was interesting today... using the corrected methodology either we have already passed the peak or it will happen real soon... \u00a0 I have no doubt that we are really really close to the maximum capable output but we may be able to bump at this level for several years.\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/posts\/6414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/comments?post=6414"}],"version-history":[{"count":0,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/posts\/6414\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/media?parent=6414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/categories?post=6414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ishmaels.net\/blog\/wp-json\/wp\/v2\/tags?post=6414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}