jetflyer
Concerned Citizen
- Joined
- Mar 8, 2002
- Posts
- 2,040
Morgan Stanley analysts are SMOKING CRACK
The Morgan Stanley analysts are SMOKING CRACK!! The world's oil is peaking. There will be a global OIL PRODUCTION PEAK and a GLOBAL OIL SUPPLY/DEMAND PEAK.
READ WEBSITES AND ARTICLES THAT I'VE PUT AT THE BOTTOM OF THIS POST IF YOU HAVEN'T HEARD OF PEAK OIL.
The global Oil Supply/Demand peak will be met in the Fourth Quarter. Global supplies will not be able to keep up with demand. This hasn't happened in the US in such a severe way since the Arab Oil Embargo of 1973-1974. Oil supplies were limited from several Arab oil producers to express displeasure with support for Israel. The price of gas went from $0.25 to $1.00 a gallon. The world is about to go into a PERMANENT OIL SUPPLY/DEMAND problem. The world has never seen anything like this before.
Oil prices went above $58 a barrel for a while today. I think $65 to as high as $80/barrel is likely by Christmas, UNLESS THE ECONOMY CRACKS. Inflation is going to rear its ugly head soon because of oil prices, the housing bubble will probably pop soon because of the Fed raising rates, and the whole economy has the potential to get really ugly. So the only way the Morgan Stanley analysts will be correct is if the economy goes into a recession. This will reduce demand for oil. The only other way to reduce demand is by RISING PRICES. The more demand must be reduced the more the prices must rise. Would $4.00/gallon cause you to drive less? $10.00/gallon?
Read this from an Iranian Analyst:
Iran Analyst Says Oil Output Won't Meet 4Q Demand -Report
TEHRAN -(Dow Jones)- Global oil producers will fail to meet rising oil demand in the fourth quarter, sparking oil price rises of up to around $60 a barrel, an Iranian oil analyst said Wednesday.
Mohammad-Ali Khatibi, director of the Tehran-based International Center for Energy Studies' OPEC research office, told the Pars news agency that OPEC and non-OPEC producers wouldn't be able to meet demand in the fourth quarter.
The official, from a center affiliated to the oil ministry, said current production of 85 million b/d would be surpassed by projected demand rises to 87 million b/d in the fourth quarter, leaving producing countries having to pump an extra two million b/d, which they won't be able to do.
Khatibi also said the lack of spare refining capacity in oil-consuming countries sparks more instability in global crude markets than the lack of spare production capacity by OPEC and non-OPEC producing countries.
To bring stability to the market, producers need around up to 4 million b/d in additional production capacity, due to increasing demand, he said.
"But the absence of refining capacity to cover any new production will intensify spiraling global oil prices," he said in response to the reasons underlying growing oil prices.
Khatibi said the rise in oil prices of up to $60/bbl is likely by the winter.
Whatever the decision by ministers of the Organization of Petroleum Exporting Countries today, there will be no tangible drop in oil prices, he said.
-By Hashem Kalantari, Dow Jones Newswires, +9821 896 6230
Dow Jones Newswires 06-15-050721ETCopyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.
For those of you that haven't heard of Peak Oil, I suggest reading these articles and sites below for starters.
Websites for PEAK OIL introduction:
www.yubanet.com/cgi-bin/artman/exec/view.cgi/8/15426
and
www.lifeaftertheoilcrash.net
and here is a recent Associated press article:
http://home.peoplepc.com/psp/newsstory.asp?cat=news&referrer=welcome&id=20050528/4297ecc0_3421_1334520050528-950973917
Chat group dedicated to peak oil discussion:
www.peakoil.com
I suggest reading those sites above and maybe going to the chat discussion group at peakoil.com. Peak Oil is going to affect American, Delta, Northwest, Continental, Southwest, Jet Blue, Airtran, Comair, ASA, Express Jet, etc. are all going to be affected. It's gonna suck.
Jet
The Morgan Stanley analysts are SMOKING CRACK!! The world's oil is peaking. There will be a global OIL PRODUCTION PEAK and a GLOBAL OIL SUPPLY/DEMAND PEAK.
READ WEBSITES AND ARTICLES THAT I'VE PUT AT THE BOTTOM OF THIS POST IF YOU HAVEN'T HEARD OF PEAK OIL.
The global Oil Supply/Demand peak will be met in the Fourth Quarter. Global supplies will not be able to keep up with demand. This hasn't happened in the US in such a severe way since the Arab Oil Embargo of 1973-1974. Oil supplies were limited from several Arab oil producers to express displeasure with support for Israel. The price of gas went from $0.25 to $1.00 a gallon. The world is about to go into a PERMANENT OIL SUPPLY/DEMAND problem. The world has never seen anything like this before.
Oil prices went above $58 a barrel for a while today. I think $65 to as high as $80/barrel is likely by Christmas, UNLESS THE ECONOMY CRACKS. Inflation is going to rear its ugly head soon because of oil prices, the housing bubble will probably pop soon because of the Fed raising rates, and the whole economy has the potential to get really ugly. So the only way the Morgan Stanley analysts will be correct is if the economy goes into a recession. This will reduce demand for oil. The only other way to reduce demand is by RISING PRICES. The more demand must be reduced the more the prices must rise. Would $4.00/gallon cause you to drive less? $10.00/gallon?
Read this from an Iranian Analyst:
Iran Analyst Says Oil Output Won't Meet 4Q Demand -Report
TEHRAN -(Dow Jones)- Global oil producers will fail to meet rising oil demand in the fourth quarter, sparking oil price rises of up to around $60 a barrel, an Iranian oil analyst said Wednesday.
Mohammad-Ali Khatibi, director of the Tehran-based International Center for Energy Studies' OPEC research office, told the Pars news agency that OPEC and non-OPEC producers wouldn't be able to meet demand in the fourth quarter.
The official, from a center affiliated to the oil ministry, said current production of 85 million b/d would be surpassed by projected demand rises to 87 million b/d in the fourth quarter, leaving producing countries having to pump an extra two million b/d, which they won't be able to do.
Khatibi also said the lack of spare refining capacity in oil-consuming countries sparks more instability in global crude markets than the lack of spare production capacity by OPEC and non-OPEC producing countries.
To bring stability to the market, producers need around up to 4 million b/d in additional production capacity, due to increasing demand, he said.
"But the absence of refining capacity to cover any new production will intensify spiraling global oil prices," he said in response to the reasons underlying growing oil prices.
Khatibi said the rise in oil prices of up to $60/bbl is likely by the winter.
Whatever the decision by ministers of the Organization of Petroleum Exporting Countries today, there will be no tangible drop in oil prices, he said.
-By Hashem Kalantari, Dow Jones Newswires, +9821 896 6230
Dow Jones Newswires 06-15-050721ETCopyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.
For those of you that haven't heard of Peak Oil, I suggest reading these articles and sites below for starters.
Websites for PEAK OIL introduction:
www.yubanet.com/cgi-bin/artman/exec/view.cgi/8/15426
and
www.lifeaftertheoilcrash.net
and here is a recent Associated press article:
http://home.peoplepc.com/psp/newsstory.asp?cat=news&referrer=welcome&id=20050528/4297ecc0_3421_1334520050528-950973917
Chat group dedicated to peak oil discussion:
www.peakoil.com
I suggest reading those sites above and maybe going to the chat discussion group at peakoil.com. Peak Oil is going to affect American, Delta, Northwest, Continental, Southwest, Jet Blue, Airtran, Comair, ASA, Express Jet, etc. are all going to be affected. It's gonna suck.
Jet
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