Oil prices in constant currency (historical)

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Oil prices in constant currency (historical)




by Christophe » 18/07/12, 10:54

In response to https://www.econologie.com/le-vrai-prix- ... s-479.html et https://www.econologie.com/forums/heures-de- ... t2786.html here is the updated curve (2008 currency) for the price of a barrel.

Image

If someone has the post 2008 version ... because 2008 is the year of the peak at $ 150 ...
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by Troubadour14 » 29/09/12, 22:13

Oh, black gold! The resource is currently exhausted, so we have to dig a little deeper and that is why the production cost increases so the price of a barrel increases! :? :?
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by Obamot » 30/09/12, 00:59

No correlation, when we look at production with regard to the price of the real barrel ...>

For Christophe, there is that [2008 in red]:

Image

Source: http://www.totaltrader.com.au/8734/crud ... uest-post/

Pre 2008 and post 2008:

Image

Source: http://www.les-crises.fr/meteo-petroliere/
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what longevity for oil?




by Obamot » 07/10/12, 17:43

If indeed there was still one needed:

Here is the proof that the price of a barrel is purely fictitious, and that it was, that it is, and that it will always be fixed depending on what consumers are willing to pay - and not according to supply or demand, or even of course according to the real cost of this product on the scale of the replenishment of the resource, never again possible to achieve:

Michael Borrell, Total's vice president for Continental Europe and Central Asia wrote:At "Forum Kazenergy ".

Under the theme: The start of a new world energy era[!]

"The financing part requires of course sustained gas and oil prices, at an adequate level»

"When I say a adequate price» he insists, "We are targeting a price around 100 dollars per barrel to make our projects "economical"» [CIS]

Source: Euronews-Business, the "Target" from this week

And not:
- "due to soaring prices resulting from peak oil»[No, that's already forgotten in the sales pitch ...].
- "due to lower supply due to recession"[No that, who cares, given that the crisis is purely artificial, and that they have probably been preparing for it for a long time ... And not seen any oil tankers in" difficulty "because of the crisis ... ].
- "or even fluctuating due to a drop in prices at the pump, resulting from a drop in demand"[Aaah bein no, especially not!] : Mrgreen:

The so-called "law of supply and demand " is not made for them! Nor for institutions like Standard & Poors, which notwithstanding that they give "notes" to banks and countries, carefully calculate how much the citizens of said countries are willing to pay for their gasoline (in short, to know how far they can go too far, before people take to the streets, and its also applies to your rent, the price of the land and everything else ...)

And this despite the pseudo competition between the different cartels, since "competition" is a facade challenge.

Prices thus depend more on the financial situation than on oil demand: this is a proven fact, when we compare the statistical curves! They can't lie (if the numbers are right).
That's why the dice are loaded and the world is so bad.

So the world of speculative finance has rotted everything, rotted everything and it will continue, since it is not new: except that finally, we are starting to talk about it!
Last edited by Obamot the 07 / 10 / 12, 18: 03, 6 edited once.
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by sen-no-sen » 07/10/12, 17:46

Hey, it's weird! The 2008 "peak" coincides with the subprime crisis! : Mrgreen:
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Re: Oil prices in constant currency (historical)




by Christophe » 15/04/20, 16:39

The US Gallon fell below 1.2 $ in 2020 ... with a reduction of 0.5 $ § / GAL ... !!

93476398_1325751151147325_6972760657800200192_o.jpg
93476398_1325751151147325_6972760657800200192_o.jpg (47.18 KIO) Viewed 4349 times
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Re: Oil prices in constant currency (historical)




by GuyGadebois » 15/04/20, 17:10

In the United States, demand for oil has dropped to such a level that some producers are willing to pay to get rid of their stocks, reports Bloomberg.

Due to extremely low demand for black gold during the Covid-19 pandemic, some American companies had to impose negative prices on their products in order to minimize losses, reports Bloomberg.
Wyoming Asphalt Sour was the first company to put a negative price on its raw materials mainly used in the production of bitumen. In mid-March, another producer across the Atlantic, Mercuria Energy Group was prepared to pay 19 cents for each barrel of crude oil removed from its storage locations.

Demand for oil has dropped to the point where some producers have decided to sell at a loss.

https://fr.sputniknews.com/economie/202 ... de-stocks/
I cry in laughter!
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Re: Oil prices in constant currency (historical)




by Macro » 16/04/20, 08:33

No wonder some of them make a discount to be able to withdraw the product from their storage places .... because in fact ... Storage there is hardly any more ... Stocks are in tankers which make circles in the water in front of the European petroleum terminals (and without a doubt Chinese, Indian ...) And the cost of storage is not quite the same as in vertical cylindrical tanks built and amortized for decades .... Dismantled in large numbers over the past 20 years ...
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Re: Oil prices in constant currency (historical)




by GuyGadebois » 16/04/20, 12:09

In any case, if it could ruin all these dirty idiots who destroyed and poisoned "their" land by practicing the hydraulic fracture, it would be almost ecstatic! : Mrgreen:
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Re: Oil prices in constant currency (historical)




by Christophe » 16/04/20, 12:13

GuyGadebois wrote:it would be almost ecstatic! : Mrgreen:


Well then: why the S turned into T ?? : Shock:

Orgasmic I knew but not ecstatic ...
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