OPEC News+ @OPECnews Twitter profile | Pikagi

Pikagi

OPEC News+

@OPECnews

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Statuses

Insight on OPEC+, cartels, energy, and mineral resource markets. Curated leads for investors, traders, analysts, and wonks.

Joined July 2009

Don't wanna be here? Send us removal request.

Pinned Tweet

@OPECnews

OPEC News+

5 months

Macroeconomics refresher: Let Y = GDP C = consumption I = investment G = government spending X = exports N = imports (on final goods) Where: Y = C + I + G + X - N A consistent measure of how socialist an economy/administration is will always be: Degree of Socialism = G/Y

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@OPECnews

OPEC News+

4 months

@Chesschick01 @WallStreetSilv This is a pretty unhinged comment. Although the dollar has seen some minor draw-down (Putin not wrong here), its price shows this hasn’t been significant—meaning, it’s not even close to being unloaded as world reserve currency, which is not an off-on determination to begin with.

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@OPECnews

OPEC News+

5 years

Of the “PIGS,” #Spain is easily the most corrupt, and either #Portugal or #Italy the least corrupt, with #Greece now likely less corrupt than Spain. Simply watch how they have handled the #Catalonia question. How does the @EU_Commission or #EU law tolerate this abuse of justice?

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@OPECnews

OPEC News+

4 years

We are confident that @YouTube / @Google have gone overboard with the onslaught of ads before too many videos, especially with the double-dip with more than one video. Perhaps @bitchute and others are the way to go.

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@OPECnews

OPEC News+

6 years

So funny. He thinks #OPEC controls/influences oil prices, when it has failed to act substantially as even a price-influencing cartel since late 1980s. US output growth has made OPEC even less relevant. Oil supply is quite elastic: OPEC cuts won’t increase prices significantly.

@realDonaldTrump

Donald J. Trump

@realDonaldTrump

6 years

Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!

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@OPECnews

OPEC News+

8 years

It's not just the #USA which would benefit from their own exit from the largely useless (but expensive) #UN .

@NRO

National Review

8 years

Let’s Take a Cue from Brexit and Leave the U.N.

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@OPECnews

OPEC News+

2 years

At current supply recovery rates (especially rig counts), oil supply is not expected to reach pre-pandemic levels until near the end of 2022.

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@OPECnews

OPEC News+

8 years

As expected, markets strong and stable post #Brexit . No Godzilla, locusts, or zombies. #Britain just on sale for a bit. Carry on.

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@OPECnews

OPEC News+

5 years

“Energy independence” is an economic illiteracy.

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@OPECnews

OPEC News+

4 years

Although (a) they will not likely cut that much (and have signaled as much), and (b) supply is too elastic for the larger cut to matter as much as @realDonaldTrump thinks it will, it’s funny to watch, since the “deal” net harms both the US and Mexican economies.

@SPGCIOil

Commodity Insights Oil

4 years

Mexico agrees to slash 100,000 b/d in deal with OPEC brokered by Trump | #crudeoil #OPEC #OOTT Full story:

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@OPECnews

OPEC News+

5 years

Some indicators suggest a recession for the US before too long. What’s your best guess when it sets in? If you predict a given month or after this two year span, please comment (give your reason[s] if possible—assume likely government spending expectations).

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@OPECnews

OPEC News+

2 years

We just saw a program on @FoxNews called #AmericaReports with @SandraSmithFox , and couldn’t believe what passes for even basic analysis of oil markets/prices. No concept whatsoever of supply/demand. Just a hack (totally unreliable/wrong) political theory of gas prices. 🤡

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@OPECnews

OPEC News+

4 years

Yawn: “global oil diplomacy/power” according to one low-analysis @bloomberg hack. “Trump and Putin involved in multiple phone calls to get an OPEC++ oil production cut agreed.” Says “Saudi Arabia to Mexico, fighting hard in their corner”—fringe competition renders deal impotent.

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@OPECnews

OPEC News+

4 years

Wrong. Petroleum production represents just under 10% of Canada’s GDP (smaller proportion in US). OPEC+ only “saves” those relative few jobs at the margin while taking many more jobs out of the rest (90%) the economy. Federal “supports” would only increase the deadweight loss.

@sonyasavage

Hon. Sonya Savage, KC

4 years

Alberta's energy industry supports over 500,000 jobs across Canada. The OPEC+ deal is a positive step but we still need the Federal Government to step up with financial support.

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@OPECnews

OPEC News+

4 years

The “US position” on oil price is isn’t remotely that “value of USD is backed up by world oil reserves,” because it isn’t, and that isn’t close to the case. Low sustained oil prices only increase the value of the dollar, necessarily (increases aggregate supply). #OOTT #opec

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@OPECnews

OPEC News+

4 years

What’s great about today: so many selling at discounts what global demand is guaranteed to pull back up (especially on petroleum-related assets). It may last a while longer, as we find other nice discounts in related industries. Main adjustment needed is on currency expectations.

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@OPECnews

OPEC News+

2 years

#OPEC + cancels October 4th joint technical committee meeting.

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@OPECnews

OPEC News+

1 year

@elonmusk @ScottAdamsSays Although we’ll not run out of fossil fuels, we’ve largely run out of very cheap fossil fuels. At slightly higher prices, sky is the limit on oil and gas especially. The seminal Coal Question by Jevons sheds light on key price dynamics, especially consumption technology change.

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@OPECnews

OPEC News+

2 years

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@OPECnews

OPEC News+

9 months

Who is this basic-science-illiterate spokesperson for @apple (if really from #Apple )?

@JunkScience

Steve Milloy

9 months

. @Apple plans to kill all life on Earth: "Our aim is to permanently remove carbon from the atmosphere."

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@OPECnews

OPEC News+

10 years

"Defending market share" is meaningless false bravado here: @PlattsOil : Jan #crude futures freefall on #OPEC decision http://t.co/oNuWYAqZYa

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@OPECnews

OPEC News+

10 years

Saudis to #OPEC : get used to lower prices - http://t.co/AKv1hu0UDz #oil #petroleum #energy #shale #Commodities

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@OPECnews

OPEC News+

2 years

Russia no longer controls strategic city of Kherson. Occurs on heels of 8 top military Russian brass killed, including a brigadier general run over by own troops. #Russia apparently on brink of retreating from Kyiv (food running short as well). #Ukraine

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@OPECnews

OPEC News+

6 months

True that many take vacation days as Christmas approaches, but that doesn’t relieve businesses, governments universities of need to schedule for ordinary business hours all the way through the season. If they slack there, take your cue as if a customer, investor, job candidate.

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@OPECnews

OPEC News+

4 years

Apparently some think a phone call between Trump and Putin regarding oil markets is “consequential,” when neither have the power to meaningfully influence prices.

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@OPECnews

OPEC News+

5 months

@libsoftiktok Looks like flying thru Chicago O’Hare is a no-go for a while, @fly2ohare . Seems like a third-world situation that @chicago has asked for (and we don’t have to pay for if we don’t fly through there).

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@OPECnews

OPEC News+

5 months

A look at two OPEC+ members: Venezuela gas 12% more proven #oil reserves than Saudi Arabia at 300B bbl, but faces about double the production costs at about $11/bbl. Together they represent about 34% of global proven reserves, and about 13% of production. #energy #petroleum

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@OPECnews

OPEC News+

11 years

OPEC: Syria oil output to drop 60% in 2013 - http://t.co/mWh0GFmDVZ #oil #syria #opec #petroleum

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@OPECnews

OPEC News+

4 years

It doesn’t much matter that Trump “has spoken with” Saudi Crown Prince Mohammed bin Salman on oil. It’s quite irrelevant if Putin and bin Salman “are talking,” or he personally joins the talks. Beyond any very immediate/sort run, they can’t significantly influence price.

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@OPECnews

OPEC News+

4 months

It is indeed strange that former president @realDonaldTrump is willing to look like he’s hiding from a fight and from the people who might decide his fate.

@DoughertyJC

Justin Dougherty

4 months

SC State Rep. Nathan Ballentine echos calls from @NikkiHaley on challenging President Trump to a debate. @foxcarolinanews

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@OPECnews

OPEC News+

2 years

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@OPECnews

OPEC News+

10 years

Why has #OPEC not had even price-influencing power since the late 1980s? Here's a clue on a micro-founded basis: http://t.co/VHFo887EPm

Tweet card media

Free Market Masters: Friedrich Hayek

Friedrich Hayek was one of the most influential economic and political theorists of the 20th century. In economics two of … Continue reading "Free Market Masters: Friedrich Hayek"

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@OPECnews

OPEC News+

1 year

@GretaThunberg Trespassing is a crime. Carry on.

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@OPECnews

OPEC News+

4 years

A big mistake to even dabble in this, but will at least have little effect in the short run (there’s way too much oil in storage at the moment, and for a while to go).

@dianefrancis1

Diane Francis

4 years

#US -Canada oil perimeter to keep out #OPEC and foreign oil, and fix prices for producers and consumers, says Canadian financial guru

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@OPECnews

OPEC News+

3 years

When hiring Gen Z job candidates: 1. Test whether basics of claimed degree are remembered. 2. Check employment references/gaps well. 3. Prefer harder independent certifications/exams. 4. Check transcripts for math grades. 5. Examine style/form of email/notes (thank you note?).

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@OPECnews

OPEC News+

1 year

A total Russian collapse is surprisingly close

As Moscow’s latest offensive in Ukraine slowly but bloodily cranks up, the next phase of this ghastly war has well and truly arrived. Contrary to expectations, the Ukrainians are bravely, and...

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@OPECnews

OPEC News+

9 months

Key: not adjusted for inflation in root post. So let’s adjust oil prices for inflation in July 2023 dollars (CPI): 1970: $9.4 (oil crisis/glut) 1980: $129 (Iran revolution) 1990: $52 2000: $48 2010: $108 (yet higher in 2008) 2020: $48 (demand collapse) Current Price: $85

@spectatorindex

The Spectator Index

@spectatorindex

9 months

Average crude oil price by year (not adjusted for inflation). 1970: $1.2 1980: $35 1990: $22 2000: $27 2010: $77 2020: $41 Current price: $85 (Source: OPEC)

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@OPECnews

OPEC News+

9 years

What market power? @WSJ : #OPEC , USA flooded #oil market. In rest of the world, production falling http://t.co/N44djN66Qo #MineralEconomics

Oil Production Shows Signs of Flagging

As the U.S. and OPEC have flooded the world with oil, producers like Colombia, Norway and northern China have cut back, casting a shadow over long-term supply growth.

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@OPECnews

OPEC News+

4 years

As expected, contrary to what pundits hoped to cheer. Supply is still way too elastic for “OPEC+” to mean much.

@markets

Bloomberg Markets

4 years

Oil tanks

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@OPECnews

OPEC News+

2 years

This 2 Mbbl/day cut by #Saudi @aramco will be a cut of less than 1 Mbbl/day after within-OPEC+ producers pick up the slack to their advantage (OPEC/+ hasn’t worked like a cartel since the late 1980s).

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@OPECnews

OPEC News+

6 years

We’re about to see that Saudi Arabia is simply not as relevant as it was. Pulling its students out of Canadian universities is a blessing not disguised. Some Saudi students are great, but most have developed a reputation for laziness and cheating.

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Saudi Arabia Starts to Weaponize Its Wealth

Saudi-Canada dispute shows the risk of selling stakes in western assets to Riyadh.

www.ndtvprofit.com

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@OPECnews

OPEC News+

8 years

#Venezuela has 99 problems, and one of them is #bread :

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@OPECnews

OPEC News+

4 years

Looks to comport with the overall progression of measured restriction easing across the west, except in the US in particular where it’s being converted into a political football (transparent).

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@OPECnews

OPEC News+

1 year

Has World War 3 started?

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OPEC News+

8 years

Funny to see hacks in financial press pretend #OPEC had pricing power beyond 1988. #MineralEconomics #EnergyFinance

@Forbes

Forbes

8 years

OPEC managed to get along at this week's conference in Vienna. The highlights:

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@OPECnews

OPEC News+

10 years

Influenced heavily by US production: @BD_Analyst : #Canada slowly overtaking OPEC as largest US #Oil Supplier - http://t.co/abe3W4goAU

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@OPECnews

OPEC News+

8 years

The real Iran is free in spirit. The swine running their state are getting nervous that this young county yearns to be free in fact.

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@OPECnews

OPEC News+

5 months

@SenMikeLee Note that this debt is accumulated since Jackson paid it off in 1835. About 23% of that $34 trillion was added by Trump, nearly two thirds of which addition is not attributable to COVID. Why are so many in your @GOP silent on that, sweeping it under the carpet, or gaslighting?

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@OPECnews

OPEC News+

3 years

One of the most overvalued stocks right now: @Starbucks $SBUX. P/E ~190. Earnings haven’t recovered, all stores still closed except drive through, competition open, and face growing/huge labor (entitlement/grit) challenges. Most stores won’t even serve dark drip after noon! 🤡📉

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@OPECnews

OPEC News+

5 months

The schools are in Catalonia. Instruction that’s in any way state sponsored should be in Catalan, unless there’s strong democratic tide for another language (there isn’t—some isn’t strong). It’s not unlikely that Madrid will violate its own constitution to have its way here.

@TheEconomist

The Economist

5 months

The simmering row over Spanish-language teaching in Catalan schools

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@OPECnews

OPEC News+

4 months

OPEC+ raising its long-term demand forecast is based on one reality: that the so-called “energy transition” is not likely to be what advocates hope it will be.

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@OPECnews

OPEC News+

5 months

Interesting poll for republican @GOP voters in the US:

@GretlTime

Gretl Time

5 months

@jimiuorio Alternative version of this poll. Preference for president 2024:

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@OPECnews

OPEC News+

7 years

Are #investors shorting #America ? Burp or #bubble ? Threat of trade capital drying up forcing international investors to go long elsewhere?

@TheEconomist

The Economist

7 years

America’s economic growth slows to 0.7%

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@OPECnews

OPEC News+

2 years

Saw it coming as economic bellwether: @Starbucks made series of dumb moves, especially under Roz Brewer: not cleaning, brutal club/hip-hop music in stores, letting staff close stores early, extending lobby ban, cutting hours, etc. @starbucksprtnrs @StarbucksCare $SBUX #Starbucks

@CityJournal

City Journal

2 years

Starbucks has announced that it is closing many stores over crime concerns, often in cities led by progressive prosecutors. via @TomHogan002

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@OPECnews

OPEC News+

6 years

The most incoherent item we’ve seen on oil markets in a long time. The severe economic illiteracy on who “controls oil price” is staggering (hint: not even OPEC has influenced prices in 30 years). None of them controls oil prices, jointly nor severally.

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@OPECnews

OPEC News+

6 months

This may not be the flashpoint for WW3, but it could be: Venezuela prepares for possible invasion into Guyana

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@OPECnews

OPEC News+

2 years

One of the biggest hidden scandals for the @POTUS @JoeBiden administration is how far behind the @IRSnews is on processing returns and especially refunds, not just for 2021, but all eligible refund-eligible years.

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@OPECnews

OPEC News+

2 years

Also, $100 isn’t a benchmark. It’s more like $130 to get the “$100” of when the $100 mark mattered. In other words, oil prices are not and haven’t been that high recently: anyone who thinks they were, is indeed a bad analyst (can’t adjust for inflation—a basic skill).

@salihenergy

Salih Yilmaz

2 years

Brent < $100 for first time since March 17 #OOTT

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@OPECnews

OPEC News+

2 years

Russia may not face much damage due to sanctions. They’ll face an adverse discount in selling to available buyers, but that will be mitigated by rebound/backfire effect in higher oil prices that come from the additional negative supply shock. #Russia #oil #energy #Ukraine ️

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OPEC News+

2 years

Another fake “oil expert.” Hasn’t the foggiest idea of how oil markets work.

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@OPECnews

OPEC News+

4 months

In recent Soviet news: Rock band critical of Putin is detained in Thailand, fearful of deportation to Russia

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Rock band critical of Putin is detained in Thailand, fearful of deportation to Russia

Members of a rock band that has been critical of Moscow’s war in Ukraine remain locked up in a Thai immigration jail, fearful that they could be deported to Russia as a reported plan to let them fly...

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@OPECnews

OPEC News+

11 months

@Amena__Bakr We’ve been saying why for years: (1) OPEC hasn’t operated as a valid cartel in 35 years, showing inability to influence price (members shirk often), (2) supply curve is now much flatter since fracking appeared, (3) more efficient consumption, (4) more alternatives/competition.

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@OPECnews

OPEC News+

2 years

Printed versions of the Mountain Directory have almost 240 pages of text and color relief maps (downloadable). Save time and fuel to make your road trips more efficient and enjoyable.

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@OPECnews

OPEC News+

8 years

So what if #OPEC "cut"? Demand is more elastic than it was, and supply much more elastic. OPEC's price-influencing power died in the '80s.

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@OPECnews

OPEC News+

4 years

Worry over coronavirus is likely overblown for oil and gas markets. Most all industry in and related to Asian markets has decent temporary near substitutes in operations, distribution, and marketing. Weather has more of an effect. Sets up a possible (discounted) long opportunity.

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@OPECnews

OPEC News+

4 years

As we signaled, “OPEC+” meeting would have no power to raise prices. Note there’s a small cadre of pseudo-correspondents who imagined they were giving a blow-by-blow account of an event, apparently not knowing enough about the underlying economics to recognize it would be a dud.

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@OPECnews

OPEC News+

5 months

As gov debt aggravates G by interest cost, a measure of how an administration turns on socialism is real debt growth rate g: Let Da = debt at time a Db = debt at time b Ma = CPI at time a Mb = CPI at time b Thus g = ln ( Db Ma / Da Mb ) / (b-a) (annualize time to per year)

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@OPECnews

OPEC News+

3 years

The risk illiteracy is astounding in those who imagine that lockdowns, mask orders, and travel bans do not impose a greater harm than they prevent/delay. The elderly and other high-risk folks can be protected while the rest of the world recovers.

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It's time to ignore the lockdown fanatics and open for business

We must learn to live with the virus, adapting to future mutations while maintaining distancing and masks as long as necessary

www.telegraph.co.uk

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@OPECnews

OPEC News+

2 years

Annual US Federal Real Debt Growth Rates by President: Biden by 8/26/22 -1.53% Trump 6.13% Obama 6.12% Bush2 5.38% Clinton 2.85%* *Data begin ~2 months after Clinton took office. Won’t make a big difference to growth pacing.

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@OPECnews

OPEC News+

2 years

In recent past, #OPEC member Saudi Arabia has been clearing $1 billion from #oil exports every day. Due to inelastic demand and momentarily inelastic supply, they see little short run incentive to sell more. But, they’re sowing seeds of demand loss in long run (substitution).

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@OPECnews

OPEC News+

2 years

Economic illiteracy is a political disease. See @RepStefanik 's big-government record w/ @club4growth scorecards (not sure how she's not in opposing party, rather than @GOP ). Scores lower than big-government Washington-establishment darling @RepLizCheney @Liz_Cheney . Pass it on.

@RepStefanik

Rep. Elise Stefanik

2 years

Energy security is national security. Pass it on.

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@OPECnews

OPEC News+

6 months

Hamas is dependent on Iran for its weapons. Iran is dependent on Russia, then China. This is a key link in understanding how the sovereignty of Ukraine, Taiwan, and Israel are related. Beyond exercises/drills, what are key hardware/military synergies between Moscow and Beijing?

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@OPECnews

OPEC News+

1 year

@spectatorindex If we apply an accuracy filter to Fox polling, the estimate becomes: Trump: 38% DeSantis: 31% Haley 10% Pence 9% Ramaswamy 4% Hutchinson 3% Runoff simulation on the top two: DeSantis 56% Trump 44% “These can be very shifting sands.” —Hunter S. Thompson

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OPEC News+

5 months

@FT It’s not any sort of “internal review” that would stand up to any sort of serious academic scrutiny. It’s basically someone grading their own essay (and covering their rear). So sad to see Financial Times carry water for an “internal review.” Attn: @BillAckman @NeriOxman .

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OPEC News+

1 year

Distillation: This bizarre episode isn’t a win for Putin—visibly wounded, scarred with vulnerability. Instead of looking like a decisive autocrat or mob boss, Putin left Moscow after issuing an angry video in which he was off his usual self-assured game.

Tweet card media

The Coup Is Over, but Putin Is in Trouble

The Wagner Group’s chief may have lost spectacularly, but Russia’s dictator suffered a huge political blow.

www.theatlantic.com

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@OPECnews

OPEC News+

2 years

How prepared are you for a crash? How many months in essential expenses do you (really) have saved (debt payments are essential if not deferrable).

Less than 1 month

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3-5 months

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6+ months

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OPEC News+

6 years

@elpuntavui The most advanced countries in what, Northern Africa? Is this the House of Bourbon channeling the Umayyad Caliphate with a Francoist veneer again? What is advanced about a constitution that allows political prisoners?

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@OPECnews

OPEC News+

9 months

A mistake for all of them. They’ll learn the hard way.

@stats_feed

World of Statistics

9 months

Countries are banning the sales of new petrol and diesel cars by 2030: 1. Norway 🇳🇴 (ban by 2025) 2. Denmark 🇩🇰 3. UK 🇬🇧 4. Germany 🇩🇪 5. Ireland 🇮🇪 6. Iceland 🇮🇸 7. Netherlands 🇳🇱 8. Greece 🇬🇷 9. Israel 🇮🇱 10. Sweden 🇸🇪

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OPEC News+

1 year

As we noted would happen about a year ago or more.

@BloombergNRG

Bloomberg Energy

1 year

Demand is soaring for oil storage tanks in Singapore, in a sign that a flood of Russian fuel is being blended and re-exported globally via @markets

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OPEC News+

1 year

Those who criticize OPEC+ for their policies do so because they think OPEC+ has more market power than it does (don’t realize how the cartel repeatedly fails to coordinate at valve.

@_HadleyGamble

Hadley Gamble

1 year

Those who criticize OPEC+ for their policies should “mind what they say” Saudi Prince Turki al-Faisal tells me in Munich. “It’s hypocritical.”

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OPEC News+

1 year

@LauraBorras @Google Aside from unfortunate branding of Castilian as “Spanish” (assumed hegemonic name most today use), it’s sad to see important languages like Catalan (11 million speakers) marginalized. We even see some @twitter tweets fail to translate, but good to see they often are, @elonmusk .

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@OPECnews

OPEC News+

8 years

@CNBC Short-run rally possible, but depends on what long-run deeper, longer recession says about that. #Trump dangerous after any short run.

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@OPECnews

OPEC News+

2 years

This is China’s mistake to have a “SPR” in the first place, and the US should have emptied its “SPR” decades ago. Governments are absolutely horrible speculators, especially in oil.

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@OPECnews

OPEC News+

2 years

Russia’s institutional rot is quite thorough. They can still win, however unjust that would be. But, given Ukraine’s resilience, resolve, and (operationally sound) international materiel support—Russia may lose. Squatters in East/South may want to move.

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OPEC News+

4 months

Saudi Arabia risks market share to prop up #oil prices: output unusually below recent #OPEC + quota, yields top exporter status in China to Russia, and cuts official selling price an attempt to nudge quantity demanded upward. The global supply curve is shallower than many suggest.

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@OPECnews

OPEC News+

10 years

Why does @Starbucks have such a tough time brewing decent (non-Pike) #coffee in the afternoon? The pour-over method isn't getting it done.

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@OPECnews

OPEC News+

10 years

Moving it: @oildotcom : producers vs pipeliners: E&P revenues squeezed by oversupply while pipeline investors profit - http://t.co/juDY2set9G

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@OPECnews

OPEC News+

6 months

Happy Thanksgiving to our American friends and all those who celebrate! We are thankful to have you along for another wild year in oil and resource markets. ⛽️

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@OPECnews

OPEC News+

4 months

This is the main transition that’s going to matter: increased oil refining capacity in more places (will increase price stability and prevent spikes).

@BrianGitt

Brian Gitt

4 months

Them: the world is rapidly transitioning away from fossil fuels. Me: where? India’s investing $60 billion to expand oil refineries by 20% over the next 5 years.

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OPEC News+

5 months

Another reason @NATO should kick Turkey out. Monetary instability leads to strategic risk.

@spectatorindex

The Spectator Index

@spectatorindex

5 months

BREAKING: 🇹🇷 Turkey reports annual inflation of 64.8% in December, the highest in 13 months.

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@OPECnews

OPEC News+

4 years

And it won’t matter much, and may not be noticeable, since oil supply is effectively way more elastic since the last time OPEC could even influence prices over 30 years ago.

@OG_Advisors

Oil & Gas Advisors

4 years

OPEC Is Making Even Deeper Cuts Than Planned

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OPEC News+

4 years

More evidence that @realDonaldTrump doesn’t know how any of this works. He helped orchestrate a trigger to sell off storage with his deal on “OPEC+”, and doesn’t seem to realize that the oil price war only helps Americans (at least 92 percent of them by GDP sector share).

@OilandEnergy

OilPrice.com

4 years

President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to the U.S. oil industry

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@OPECnews

OPEC News+

3 years

It’s not just a bad idea, but an extremely stupid idea. Giving government the power to muscle around private companies and markets is absolutely reckless, in both economic and civil liberty terms. More sober ideas are available: like simply leave them alone.

@Snowden

Edward Snowden

3 years

Facebook, WhatsApp, and Instagram all going down at the same time sure seems like an easily-understandable and publicly-popular example of why breaking up a certain monopoly into at least three pieces might not be a bad idea. Somebody should tell Elizabeth Warren.

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OPEC News+

2 years

Is you want big partisan dishonesty, watch @dagenmcdowell on @marklevinshow on @FoxNews —first misses saying @federalreserve is “part” of inflation story—without admitting it’s most of the story. Then asserts Trump “would’ve fired” Powell, when Trump appointed him—to print money.

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@OPECnews

OPEC News+

8 years

OPEC News MetaPoll Projection on U.S. election: Clinton 37% Trump 33% Johnson 15% Stein 4% Undecided 11% #OverheardAtRNC #FreeMilo

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@OPECnews

OPEC News+

11 months

Russia has already declared war against the west. They did not need to be the aggressor in any case, starting with the violent taking of Crimea, and now in eastern Ukraine. Nothing would be improper or our of place to have Putin arrested according to the ICC arrest warrant.

@FinancialTimes

Financial Times

@FinancialTimes

11 months

Russia threatened to ‘declare war’ if Putin is arrested in South Africa under the International Criminal Court’s warrant

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@OPECnews

OPEC News+

4 years

The @JohnsHopkinsSPH “sick map” is now failing to show recoveries accurately for a day or more: no US states appear to have recoveries, and a mysterious US point with “1 case” along the KS/OK border says “121 recovered” with “120 active.” Can we get this right? @WHO

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@OPECnews

OPEC News+

1 year

Only people who don’t understand basic supply and demand principles say that “speculators drive up prices” as any sort of general rule. Instead, they stabilize/correct price series. Basic supply-demand tells you why.

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@OPECnews

OPEC News+

24 days

@gulf_intel @IEA @ADNOCGroup @enoc_official @SPGCI @aramco @vitolnews The main thing to understand is that OPEC+ has not only had no control over oil prices since the late 1980s, they have largely been powerless to even influence prices in that time. Why? They have lacked two things cartels need: cooperation and very inelastic supply.

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@OPECnews

OPEC News+

8 years

@Apple @AppleSupport Realize how your iPhone map app went from great to garbage in one update? Why the incessant pop-up during navigation?

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