Sorry, Mike is right. The Saudi's have been pumping like crazy, even more than people thought they could for extended periods.
Some of the reasons are local geopolitical ones. You can look back at recent rumors of a deal (and the market's reaction) where the Saudi's would allegedly limit production a bit. The Saudi's cost per barrel is next to nothing, while many countries are in big trouble with prices where they are. Sent from my iPhone > On Mar 10, 2016, at 5:09 PM, dovepa via EV <[email protected]> wrote: > > Oil prices are controlled by brokerage firms just like all the other > commodities. IMO > OIL Prices, adjusted in relation to current fluctuations, have essentially > been a straight downward line since last September, when they fell from $ 50 > a barrel to the current $ 29. What was so momentous that happened in the > world market in September? That was when "Goldman Sachs" lowered expectations > for the average oil price for 2016 to $ 20 a barrel, echoed by Merrill Lynch, > Bank of America and others.The $20 quoted by Goldman Sachs was not a > forecast, it was the target. Economy Ministries make forecasts, while Goldman > Sachs makes the markets. Oil contracts are only 2% percent of the raw > materials market, the rest being speculative securities, futures and other > derivatives. Prices for futures are not determined by supply and demand, but > by “expectations”, with the market controlled by the largest US banks, using > rating agencies, "independent" experts and the media. > > Sent from my Verizon Wireless 4G LTE smartphone-------- Original message > --------From: Michael Ross via EV <[email protected]> Date: 3/10/2016 4:14 > PM (GMT-06:00) To: Peri Hartman <[email protected]>, Electric Vehicle > Discussion List <[email protected]> Subject: Re: [EVDL] EVLN status ... > EV-news-drought ... We've been spoiled > ... > I am not completely sure about the randomness of oil prices. The main > driver of oil prices is the Saudis. They got fed up with losing market > share to renewables and other countries. It is a business decision on their > part to put the kabash on oil sands, more deep sea exploration, fracking, > etc., EVs too maybe. They see, in retrospect, their reduced production > over years past as a mistake. It essentially built up their competition > and they are putting an end to much of it. > > They have enough oil to keep this up for a very long time - geopolitics > notwithstanding. > > I have stayed away from energy investing primarily because there is so much > manipulation unconnected with actual need, cost of production, futures > trading, and so on. It is not exactly a free market. I am regularly > surprised by what happens since I am an outsider, and that is not a good > basis for sound investing. > > Mike > > On Thu, Mar 10, 2016 at 4:50 PM, Peri Hartman via EV <[email protected]> > wrote: > >> I'm a bit more optimistic. I know Koch Bros are ramping up their stint. >> However, there are some big differences between this time and the last >> time. First, the majority of the population believes global warming is >> caused by CO2 and other gasses we're adding to the atmosphere and that we >> need to do something to reduce that effect. The other big difference is we >> have Tesla who is ramping up production and planning to introduce their >> "cheap" 200 mile range car. If the other automakers don't have parity, >> they will lose that market share. We're not at the hump in mainstream >> adoption so I'm not concerned about the people who expect to buy a 200 mile >> range EV for $15K. I'm concerned about the still relatively early adopters >> who will pay $30K and I am pretty certain those people aren't listening to >> Koch & Koch. There are other factors, too, not the least of which is that >> the price of oil could come back up just as rapidly as it went down. >> >> Peri >> >> >> ------ Original Message ------ >> From: "brucedp5 via EV" <[email protected]> >> To: [email protected] >> Sent: 10-Mar-16 12:12:04 PM >> Subject: [EVDL] EVLN status ... EV-news-drought ... We've been spoiled ... >> >> >>> >>> In my previous evdl posts: >>> >>> >>> http://electric-vehicle-discussion-list.413529.n4.nabble.com/EVLN-status-feast-or-famine-gt-sign-of-the-times-td4679110.html >>> EVLN status ... feast or famine> sign of the times >>> Dec 08, 2015 >>> >>> >>> http://electric-vehicle-discussion-list.413529.n4.nabble.com/OT-EVLN-EV-newswire-status-td4676627.html >>> OT: EVLN EV newswire status ... >>> Jul 05, 2015 >>> >>> I explained how much time I spend trying to find, then spend time >>> reformatting & cleaning up the text, and then adding related links to the >>> news items I post. >>> >>> I also mentioned that IMO there was a change coming in how many (juicy, >>> interesting) EV news items that would be released, as well as an increase >>> in >>> the anti-EV dark-forces out there trying to subvert the EV-competition to >>> ice-sales and petrol-consumption. >>> >>> Well, that time is here. It is more than the million$ the Koch Brothers >>> have >>> pumped into the anti-EV campaign, the drop in oil prices to try to sell >>> off >>> as much as possible and get the public to go back to buying SUV >>> gas-guzzlers, and more than the ever-stronger rump style of >>> insane-thinking >>> going on during the days before the coming U.S. election. >>> >>> We have had it so-good for a very long time, but those heydays are over. >>> Some have been cynical, and some have complained of topics they see, but >>> lets stay grounded and remember because of this EV-news drought is as >>> severe >>> as the CA-water-drought, there is going to be some scraping of the barrel >>> to >>> get any items of the interest caliber of the past (2010-2014). >>> >>> Meantime, not unlike the CA-residents who now have pretty much gotten past >>> their complaining over having brown lawns (no watering), neighbors >>> complaining of their water use to wash their cars, etc., the plugin >>> community will have to endure the current good-EV-news drought we are are >>> going through. >>> >>> Yes, there is currently a lot of noise being made from some automakers of >>> what is coming years from now, but it is all fluff and puff until they do >>> start producing what they 'say' they will. >>> >>> There are also distractions going on, like all the mad damage-control >>> effort >>> from VW, and now Volvo has released many news copy items that if you read >>> into them, they are pushing what GM wanted: that all EV-makers switch to >>> using combo css couplers as a '1-size fits all' EVSE standard. While this >>> is >>> a topic that needs addressing, the way Volvo is doing it, it much more of >>> -pr- push for them, again with years away from them producing that EV. >>> >>> Something that has not come up yet in the news, but may also have a >>> delaying >>> affect on EV sales, is the now current transition toward 200mi, and lots >>> of >>> talk about 300+mi range EVs. To the EV-noob(layman) they may be holding >>> their breath until these come out, and when they do, they will want them >>> to >>> be cheaper than the cheapest ice (Tesla/champagne taste on a golfcart/beer >>> budget). >>> >>> The first of the year is over yet I have not seen any automaker effort to >>> garner CARB credits by selling EVs. Perhaps, once the elections are over, >>> and automakers know if they will have another another GW in office that >>> will >>> undo,dismantle all the CARB-mandate sales restrictions, or (hopefully) >>> not. >>> Then automakers will repeat selling, leasing their compliance cars, and >>> those news items touting-same will flood once again. >>> >>> I had mentioned in the past how from time to time the news items were >>> colored with key words so that someone searching for EV items (like me) >>> would find fcv or cng items, etc. That type of news-bombing (diluting & >>> polluting) has begun again. I am also seeing misleading headlines, just to >>> read in the body text that it is an anti-EV spew (Koch dollars at work). >>> >>> Perhaps my efforts to use some of the space with non-U.S. EV activities >>> (e-tuk-tuk, e-rickshaw, lEVs & nEVs in China, etc.) might seem to some >>> like >>> just filler. I am hoping that it shows that outside the U.S. there is >>> still >>> hope for the EV-cause. Though they may not have the income nor roads to be >>> able to purchase $30+k EVs, their desire to wean away from oil-headaches >>> is >>> there. Also keeping mind that the evdl has readers that are non-U.S., >>> where >>> the evdl provides EV news they have difficulty accessing from their >>> country >>> (Internet access is not the same everywhere). >>> >>> Plus, much of the DIY, conversion news items I find are not coming from >>> the >>> U.S., but are being performed in countries where EVs are still relatively >>> new and hard to get. >>> >>> So, there may also be another level to the EV-cause: those that only want >>> to >>> read what they can buy here, now, today (production EVs); and those that >>> can >>> see a bigger picture of others doing their EV-cause part with what income >>> and EV sources they have. >>> >>> As always I ask for you comments, views, and ideas on these EVLN posts I >>> make. Since I touched on OT subjects, please have your responses follow >>> the >>> evdl charter, and restrict your OT posts. >>> >>> >>> >>> >>> For EVLN EV-newswire posts use: >>> http://evdl.org/evln/ >>> >>> >>> {brucedp.150m.com} >>> >>> -- >>> View this message in context: >>> http://electric-vehicle-discussion-list.413529.n4.nabble.com/EVLN-status-EV-news-drought-We-ve-been-spoiled-tp4680916.html >>> Sent from the Electric Vehicle Discussion List mailing list archive at >>> Nabble.com. >>> _______________________________________________ >>> UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub >>> http://lists.evdl.org/listinfo.cgi/ev-evdl.org >>> Read EVAngel's EV News at http://evdl.org/evln/ >>> Please discuss EV drag racing at NEDRA ( >>> http://groups.yahoo.com/group/NEDRA) >>> >>> >>> >> _______________________________________________ >> UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub >> http://lists.evdl.org/listinfo.cgi/ev-evdl.org >> Read EVAngel's EV News at http://evdl.org/evln/ >> Please discuss EV drag racing at NEDRA ( >> http://groups.yahoo.com/group/NEDRA) >> >> > > > -- > To invent, you need a good imagination and a pile of junk. > Thomas A. Edison > <http://www.brainyquote.com/quotes/quotes/t/thomasaed125362.html> > > A public-opinion poll is no substitute for thought. > *Warren Buffet* > > Michael E. Ross > (919) 585-6737 Land > (919) 576-0824 <https://www.google.com/voice/b/0?pli=1#phones> Google Phone > (919) 600-2892 Cell > > [email protected] > <[email protected]> > -------------- next part -------------- > An HTML attachment was scrubbed... > URL: > <http://lists.evdl.org/private.cgi/ev-evdl.org/attachments/20160310/85f12d6c/attachment.htm> > _______________________________________________ > UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub > http://lists.evdl.org/listinfo.cgi/ev-evdl.org > Read EVAngel's EV News at http://evdl.org/evln/ > Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA) > > -------------- next part -------------- > An HTML attachment was scrubbed... > URL: > <http://lists.evdl.org/private.cgi/ev-evdl.org/attachments/20160310/3582257f/attachment.htm> > _______________________________________________ > UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub > http://lists.evdl.org/listinfo.cgi/ev-evdl.org > Read EVAngel's EV News at http://evdl.org/evln/ > Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA) > _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Read EVAngel's EV News at http://evdl.org/evln/ Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
