PARADOXICAL #OIL #FUTURES TRADING - GOOD #NEWS OR BAD?

 

                Today's Top Energy Headlines 

March 22, 2022

' In the Know, Ahead of Markets, Deciding Wisely...'

OIL SUPPLY OUTLOOK GRIM AS FUTURES CLIMB

 

• Crude oil futures climb for third day as supply outlook remains tight
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• Oil Surges as Ukraine War Tightens Supply, Mideast Tensions Rise

END OF FOSSIL ENERGY TRACKING THE NEWS

MORE NEWS

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• Oil jumps as EU weighs Russian ban, Saudi refinery output hit
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• ‘’The Market Is Untradable’’ Oil Traders Grapple With Extreme Volatility
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PRICES JUST KEEP JUMPING AROUND

#Energy Resources May Realign World #Order - #Russia/China Centric

 

Russia’s attack on Ukraine represents a demand for a new world order

Posted on March 2, 2022 by Gail Tverberg

Our Finite World

Russia’s attack on Ukraine represents a demand for a new world order that, over the long term, will support higher prices for fossil fuels, especially oil. Such an economy would probably be centered on Russia and China. The rest of the world economy, to the extent that it continues to exist, will largely have to get along without fossil fuels, other than the fossil fuels that countries continue to produce for themselves. Population and living standards will fall in most of the world.

If a Russia-and-China-centric economy can be developed, the US dollar will no longer be the world’s reserve currency. Trade will be in the currency of the new Russia-China block. Outside of this block, local currencies will play a dominant role. Most of today’s debt will ultimately be defaulted upon; to the extent that this debt is replaced, it will be replaced with debt in local currencies.

As I see the situation, the underlying problem is the fact that, on a world basis, energy consumption per capita is shrinking. Energy consumption is essential for creating goods and services.

Figure 1. The Energy of various types is used to transform raw materials (that is resources) into finished products.

The shrinking amount of energy per person means that, on average, fewer and fewer finished goods and services can be produced for each person. Some countries do better than average; others do worse. With low fossil fuel prices, Russia has been faring worse than average; it wants to remedy the situation with long-term higher energy prices. If Russia can start transferring its energy exports to China, perhaps the new Russia-China economy, with limited support from the rest of the world, can afford to pay Russia the high prices for fossil fuels that Russia requires to maintain its economy.

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OUR FINITE WORLD

Will China Supply Weapons?

#Unchartered Waters Swamp #Energy #Markets - Icebergs Ahead???

 

March 13, 2022

In the Know, Ahead of Markets, Deciding Wisely...'

• Oil settles up but posts biggest weekly decline since Nov
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• Supply Uncertainty Keeps Oil Markets On Edge

• Column: Global diesel shortage raises risk of oil price spike

• November Non-OPEC Oil Production Ticks Up

Such Ups And Downs

#Oil Outlook : #Traders Expect $200 a #Barrel Soon

' In the Know, Ahead of Markets, Deciding Wisely...'

Stay Tuned As Traders Expect $200 a Barrel Soon

Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban

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• Oil Shoots Near $130 as Chance of Russian Ban Spurs Crisis Fears
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• Can Non-OPEC Producers Jump Into The Supply Gap?
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• Oil Traders Bet Prices Will Pass $200 a Barrel This Month

The Flight of the #Creative Class: The New #Global #Competition for Talent (Under #LimitstoGrowth?)

 The Flight of the Creative Class: The New Global Competition For Talent

by 

Richard Florida

Book Review 

March 7,2022

Utter trash, which demonstrates how out of touch - those who research and study economics, create new social/economic and political theories - are with the realities of this planet. They premise their thinking on the idea that we need and can grow economically forever but fail to appreciate that we live under the governing physical and mathematical constraints of a finite planet that is now also diseased by many ecological, resource and climate maladies that are together leading us to civilised and economic collapse by 2040 as calculated by competent, unbiased MIT researchers - among others- in the best selling book - The Limits to Growth, in 1972.

The end result - if an Arctic BOE (Blue Ocean Event)or another massive event does not get us first - then the extinction of the species and most other forms of life on the planet is reasonably probable in the near term.

Given the current global economic situations, we are well on target to meet this 2040 date as hyperinflation, pandemics, resource exhaustion, global warming, food/energy shortages, nuclear threats, national collapses, social unrest, currency/ stock panics, anarchy and more problems are evidenced everywhere - just as predicted by MIT researchers and other competent, professional scholars and mathematicians since the early 70s.
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To sum up, the author likely wrote this fairytale while visiting Disney Land and was perhaps also under the influence of some unknown externalities - for there is nothing in this propaganda that can help to reverse the path we are on - save an adverse worldwide event that substantially reduces the human population in a decade or so that would then rebalance the number of our species back to what remains of our various key resource quantities. That event is nearly impossible to effect without wiping out the habitat.

Why do so-called economists attempt such pitiful undertakings when the hard facts and honest numbers indicate there are only enough non-renewable resources (oil, natural gas, copper, etc.) and arable lands to last humanity 20- 50 years? Who do they think they are kidding? The Invisible Hand? Are they insane?

Anyway if you want to entertain yourself with the musings of a bankrupt and disillusioned profession that still operates with and under the historic archaic theories of Adam Smith, Karl Marx, Paul Samuelson, et al - this may be just the childrens' storybook you have been looking for - a real stinker!

Too bad so much time and resources have been wasted here -as ironically it could have been applied more diligently, wisely and creatively - considering the real numeric constraints and short timelines we have before us. 

T A McNeil

First Financial Insights

CEO Founder

Sadly, We Remain on Target