I

 

wouldn't get to excited.

Lower demand is gonna equal less investment is gonna equal product scarcity.

Of all the ways for this industry to come to it's end?

Higher interest rates = less investment.

Lower prices are gonna be its undoing.

Talk about irony.

Just a few short months ago we thought the opposite was gonna be in play.

And we wont know what effect the price cap on Russian oil will be but I think we can all reasonably expect it to not be a very good outcome.

They have had since Sept to get it in place (Russian oil price cap), nobody can agree on what the price should be and India and China aren't gonna go along with it so it's not gonna matter anyway, its about to be a big mess...yeah...even more so than it already is...

Think about this for a second:

You used to be able to afford other things but not much gas.

No you can afford gas but not other things.

You think that's an accident?

I dont.

Revelation 6:15-17

New International Reader's Version

Everyone hid in caves and among the rocks of the mountains. This included the kings of the earth, the princes and the generals. It included rich people and powerful people. It also included everyone else, both slaves and people who were free. They called out to the mountains and rocks, “Fall on us! Hide us from the face of the one who sits on the throne! Hide us from the anger of the Lamb!  The great day of their anger has come. Who can live through it?”

"The cost of gasoline is falling so fast that it is beginning to put real money back in the pockets of drivers, defying earlier projections and offering an unexpected gift for the holidays."

(Upon further review lol as they say in the NFL lol...most the reduction in the price of gas has been eaten up by other things lol, just in case ya haven't noticed? lol...Oh my goodness, people come on! In the immortal words of Lawrence Taylor of all people:

Son? 

"Yall have got to do better than this." :-).

    These people

they are just killing me at this point honey, they really are.)

"It is the main signal consumers notice on inflation. It is the one thing they are likely to track, how much it has gone up or down, because every week they need to fill up their car.” said Emma Rasiel, a professor of economics at Duke University.

(You're watchin the signal but you're missing the freight train in the process of doing so. This is the exact reason they did the SPR drawdown. because 1) it was an aid to the economy, but it was tactical for this exact reason, "It is the main signal consumers notice."

It wasn't "strategic" because were gonna need it against China and Russia, we should have been willing to take the hit economically and been preparing for what we know is coming: War in the pacific, and probably be drug into Europe at the same time. Meanwhile we announcing locations of our Ohio class subs rn? SPR drawdown did what it was designed to do, get everybody to feel better, but puts us in a bad place militarily. Which is what China and Russian knew it would do, they knew how we would respond and we sure did exactly what they thought we would.

"But Rasiel cautioned that less-expensive gas can also give consumers the wrong idea. Prices of other goods and services are much less volatile, and there is no indication that this moment of more-affordable fuel is pushing the cost of other things down.

"Give consumers the wrong idea." Look at what I just said above. It was exactly the plan and it has worked like a charm. But the thing is? there weren't any better options. Whats that tell you?

"Prices are going down because demand for oil and gas is falling as countries brace for recession, coronavirus outbreaks in China threaten major financial disruption and drivers cut back on gas-guzzling as they try to save money to cover skyrocketing mortgage payments and stock market losses."

(Exactly)

"Earlier worries that sanctions on Russian oil would create a shortage in supply and send prices soaring toward the end of the year have, for now at least, given way to ailing economies and jittery financial markets.

("For now" are the most important words in that sentence and tell you what you should expect in the future if you think about it.)

“We’re heading into serious recession in Europe and further economic slowdown in the U.S. as people struggle with high interest rates and worry about their personal wealth and savings,” said Ben Cahill, an energy security analyst at the Center for Strategic and International Studies. “Add it all up and it creates a bleak picture for oil demand. Prices are reflecting that.”

(Center for Strategic and International Studies. Its one of only a handful of groups that seem to get it right consistently for decades now. Others might fluctuate so to speak than more than they do.)

"Also helping keep prices low at the moment are some key U.S. oil refineries that returned to churning out gasoline after months of being out of commission for maintenance and repairs."

"But just as big a factor is the turmoil in China. As its leaders signal that new coronavirus lockdowns are imminent, touching off protests throughout the country, the expected economic fallout has turned oil traders bearish."

(Its the biggest factor, they were wanting to cut orders from the Saudis a while back.)

"China alone accounted for 16 percent of global oil demand last year, according to the research firm Capital Economics, which projects its purchase of oil will drop by 1 million barrels per day in December as coronavirus infections spread. The effect of such a drop on global oil markets is considerable, reducing the price of Brent crude by as much as $10 a barrel, or more than 10 percent."

(Thats wat driving it...)

"...the dip in fuel costs is doing little to stabilize the economy. Manufacturers that rely on large amounts of fuel need to see sustained low prices for months before they adjust the costs of the products they sell, analysts say. 

(truth, theres always a lag...)

“This is a pretty delicately held-together price decline,” said Patrick De Haan, head of petroleum analysis at GasBuddy, noting that any number of geopolitical or economic events could send prices rebounding.

(Exactly, and I would count on it.)

T"here are other big factors making the price outlook murky. The United States and Europe are negotiating a price cap on Russian oil, to take effect Monday. The plan is to allow Russian oil to continue to flow into global markets but at prices that limit profits the Kremlin can use to sustain its war machine."

(Yeah...good luck wo China and India)

"Such a price cap has never been imposed on a major oil-producing nation, and it threatens to trigger further instability. If the cap is set very low, as some European nations are advocating, Moscow could retaliate by cutting off its supply, creating a surge in prices globally.

(Thats pretty much what I would count on at this point. I said very early on that's exactly what he would do, "cutting off its supply". When everybody else was saying he wouldn't invade? I was saying he would cut off his own oil supply. Because he wouldn't have invaded if he wasn't willing to cut off his supply.

I keep telling everybody go look up Stalingrad, its like the entire world forgot about it. Welcome to you future right there "cutting off its supply" cause that's where this is headed.)

"Another wild card is the OPEC Plus consortium of oil-producing nations, which meets next week to consider how much oil its members should continue to ship in the coming months. The group could decide to cut its output to drive prices up."

(I mean what do you think they are going to do?

Really? I mean think about it for a second.)

“The OPEC meeting could be the skunk at the picnic,” said Andrew Gross, a spokesman for AAA. “Trying to guess what they are going to do is tricky.”

(Seriously?

“Trying to guess what they are going to do is tricky.”

Was he serious?

These guys love being:

"the skunk at the picnic"

Just in case nobody has noticed.

"One thing that is clear is that there is little leaders in Washington can do to keep gas prices down. They are at the mercy of global markets."

(They can not control it. They are not in charge no matter what they try to do.)

"But the University of Michigan Consumer Sentiment Index suggests this stretch of cheaper gas is getting overshadowed by other financial challenges straining Americans. Even as gas prices dropped, the national survey shows, consumer anxiety grew in November."

“Even though prices of gas have come down, prices of other things are still high,” said Joanne Hsu, who directs the university’s surveys of consumers. “There is a feeling of tremendous uncertainty.”

The 

trajectory 

is

set.

It's

only

going

to

continue

it's 

pre-dertermined

path.

Are you ready?

How's your soul?

You and God good?

When's the last time you spoke with him?

Do you have a relationship with your Lord and savior Jesus Christ?

Today is the day to start.

Today.

Right now.

Today.

Tomorrow only exist on a foots calendar.

Today...

Right now

So are you ready?

Are you?

(thx Pastor Bridgette :-)