The War on Iran (9 Viewers)

Aug 1, 2003
17,696
#61
He's Malaysian, we're all just pissed the government increased the oil price by 40% overnight and taking into account that we're actually oil exporters it's all just a bit dodgy here, the current govt are so corrupted and the people are pissed wont be surprised if there are riots.. :(

and I realize it's off topic sorry
 

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Bjerknes

Bjerknes

"Top Economist"
Mar 16, 2004
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  • Thread Starter #62
    He's Malaysian, we're all just pissed the government increased the oil price by 40% overnight and taking into account that we're actually oil exporters it's all just a bit dodgy here, the current govt are so corrupted and the people are pissed wont be surprised if there are riots.. :(

    and I realize it's off topic sorry
    What are your gasoline prices currently, and what did they used to be?

    On Friday the price per barrel of oil on the NYMEX increased by 11 USD... that's a record by the way.

    I don't know much about your government, but petroleum prices in general are high for various reasons.
     
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
    Mar 16, 2004
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  • Thread Starter #64
    petroleum prices keep increasing even if there is no demand in summer , what will happen in winter ??
    What the HELL are you talking about? Crude demand is always highest during the summer because it's the summer driving season.
     
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
    Mar 16, 2004
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  • Thread Starter #69
    why you talk about driving only , what about heating in winter ??
    Dude, just stick with your gloryhunting. It honestly makes you look more knowledgeable about anything.

    Come back to me when you understand the crack spread.
     
    OP
    Bjerknes

    Bjerknes

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    Mar 16, 2004
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  • Thread Starter #72
    He doesn't have a clue about anything, but those two posts just made my day.
    I honestly think he has the lowest IQ on the forums, and that in itself is saying quite a lot. No idea what he's trying to say with his posts in this thread. If he had an IQ of 76 he'd opt to stay out of this conversation.
     

    The Arif

    Senior Member
    Jan 31, 2004
    12,564
    #73
    I honestly think he has the lowest IQ on the forums, and that in itself is saying quite a lot. No idea what he's trying to say with his posts in this thread. If he had an IQ of 76 he'd opt to stay out of this conversation.

    But then we wouldn't have anyone to state the obvious.
     

    Maher

    Juventuz addict
    Dec 16, 2002
    13,521
    #74
    I honestly think he has the lowest IQ on the forums, and that in itself is saying quite a lot. No idea what he's trying to say with his posts in this thread. If he had an IQ of 76 he'd opt to stay out of this conversation.
    moron :lol:
     
    Aug 1, 2003
    17,696
    #75
    What are your gasoline prices currently, and what did they used to be?

    On Friday the price per barrel of oil on the NYMEX increased by 11 USD... that's a record by the way.

    I don't know much about your government, but petroleum prices in general are high for various reasons.
    We know that petroleum prices are going to increase generally, but informing the people about it literally one night before for such a sharp increase of 40% overnight didn't sit too well with Malaysians... the current prime minister said that it would happen in August and suddenly he announced this last week - where has all the money gone to?

    And I dont know if that could've been avoided in the first place, but this coming from the same prime minister who said they will not dissolve the parliament only to do just that the very next day not so long ago, the same govt suffered the worst election result in Malaysian history currently plus many scandals are being exposed right under their noses ... so this petrol thing is just the icing on the cake

    It all just adds up .. - we're not naive to think that petrol prices won't go up, but the problem is the accounts do not tally - we're supposed to be richer than what the govt is letting on - and this has been going on for quite some time, we're charged for ridiculously high toll charges and our car taxes are INSANE, our money is literally lost in thin air.
     

    Omair

    Herticity
    Sep 27, 2006
    3,254
    #78
    Andy .. Maher got it the wrong way .. The summer and winter demands are almost the same ..In summer we have driving and cooling (extra electric energy spent) and in winter we have heating .. the problem is supply..

    In winter the supply decreases so much that the price must shoot up .. That's why in fall many countries buy oil and gas to reserve through winter .. I don't exactly remember why the supply decreases but it's about transporting pipelines and ships and if I wasn't in finals period I would've done a bit of research for you :) ..
     

    Maher

    Juventuz addict
    Dec 16, 2002
    13,521
    #79
    Andy .. Maher got it the wrong way .. The summer and winter demands are almost the same ..In summer we have driving and cooling (extra electric energy spent) and in winter we have heating .. the problem is supply..

    In winter the supply decreases so much that the price must shoot up .. That's why in fall many countries buy oil and gas to reserve through winter .. I don't exactly remember why the supply decreases but it's about transporting pipelines and ships and if I wasn't in finals period I would've done a bit of research for you :) ..
    this is what i tried to explain to them but i should have known that they are so retarded to understand.
     
    OP
    Bjerknes

    Bjerknes

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    Mar 16, 2004
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  • Thread Starter #80
    Andy .. Maher got it the wrong way .. The summer and winter demands are almost the same ..In summer we have driving and cooling (extra electric energy spent) and in winter we have heating .. the problem is supply..

    In winter the supply decreases so much that the price must shoot up .. That's why in fall many countries buy oil and gas to reserve through winter .. I don't exactly remember why the supply decreases but it's about transporting pipelines and ships and if I wasn't in finals period I would've done a bit of research for you :) ..
    No, you're wrong. The reason why the prices of oil in my country are continuing growing higher is because of supply demands, but also because of the summer driving season. The demand for gasoline in the summer is far greater than the demand for heating oil and NATURAL GAS in the winter, with the later two providing my country with the most comfort during the winter. You guys have GOT to distinguish the difference.

    The supply of crude decreases through winter because the major refiners/gas companies are buying up the product for our usual driving season. I mean, you guys do know the United States drives on average twice as much during the summer as in the winter. It's part of our culture because the cool destinations are far away.

    I think some of you guys fail to understand petroleum economics.
     

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