Comments on: A classic example of PNG logic? http://www.trupela.com/2009/01/09/classic-example-papua-new-guinea-logic/ on Tribalism, Open Source and the Unexpected Fri, 10 Feb 2012 20:35:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John Schilt - the bro manhttp://www.trupela.com/2009/01/09/classic-example-papua-new-guinea-logic/#comment-920 John Schilt - the bro man Mon, 12 Jan 2009 20:52:40 +0000 http://www.trupela.com/?p=5441#comment-920 I read an article somewhere thanks to Mr Google - and the comment was that oil consumption has dropped by less than 10 %... The main problem with oil price, apart from increase in demand and a perception of dwindling supplies, was the 'hedge' funds... not quiet sure, but I expect there was a lot of purchasing of future oil stocks... and as long as oil price was rising, this was a good bet for the hedge funds....... but with all that - the rising market had to come to an end, and POP it did !!!!A bit of wisdom : "to know the future, all we really have to do is learn about the past".John I read an article somewhere thanks to Mr Google – and the comment was that oil consumption has dropped by less than 10 %… The main problem with oil price, apart from increase in demand and a perception of dwindling supplies, was the ‘hedge’ funds… not quiet sure, but I expect there was a lot of purchasing of future oil stocks… and as long as oil price was rising, this was a good bet for the hedge funds….

… but with all that – the rising market had to come to an end, and POP it did !!!!

A bit of wisdom : “to know the future, all we really have to do is learn about the past”.

John

]]> By: Kevhttp://www.trupela.com/2009/01/09/classic-example-papua-new-guinea-logic/#comment-913 Kev Sat, 10 Jan 2009 09:27:52 +0000 http://www.trupela.com/?p=5441#comment-913 I don't know why fuel prices have dropped so dramatically....I don't really care as long as they remain low. A couple of months ago the average price per litre of petrol was $1.50 in Western Australia. Today I bought petrol at $95.8cents per litre I don’t know why fuel prices have dropped so dramatically….I don’t really care as long as they remain low. A couple of months ago the average price per litre of petrol was $1.50 in Western Australia. Today I bought petrol at $95.8cents per litre

]]> By: Arukiyomihttp://www.trupela.com/2009/01/09/classic-example-papua-new-guinea-logic/#comment-912 Arukiyomi Sat, 10 Jan 2009 08:31:35 +0000 http://www.trupela.com/?p=5441#comment-912 well fuel prices have dropped sharply in the UK along with many other costs as people spend less, fearing for their futures as unemployment rises and companies tighten their belts rather than risk going to the wall as a couple of major manufacturers have done.So, no, I don't think this is an example of a different logic system to yours. Rather, a good example of how in tune you are to your reactions toward news in PNG perhaps. well fuel prices have dropped sharply in the UK along with many other costs as people spend less, fearing for their futures as unemployment rises and companies tighten their belts rather than risk going to the wall as a couple of major manufacturers have done.

So, no, I don’t think this is an example of a different logic system to yours. Rather, a good example of how in tune you are to your reactions toward news in PNG perhaps.

]]> By: Roberthttp://www.trupela.com/2009/01/09/classic-example-papua-new-guinea-logic/#comment-910 Robert Fri, 09 Jan 2009 10:43:07 +0000 http://www.trupela.com/?p=5441#comment-910 Bro,Does this then mean that the amount of oil consumed around the world has dropped since the "crash".Or... someone(s)/somewhere(s) is(are) artificially manipulating the price of oil to somehow have an impact on the demand. In other words as price of oil drops does the demand then rise?Over to you (or someone else)...R Bro,

Does this then mean that the amount of oil consumed around the world has dropped since the “crash”.

Or… someone(s)/somewhere(s) is(are) artificially manipulating the price of oil to somehow have an impact on the demand. In other words as price of oil drops does the demand then rise?

Over to you (or someone else)…

R

]]> By: John SCHILThttp://www.trupela.com/2009/01/09/classic-example-papua-new-guinea-logic/#comment-907 John SCHILT Fri, 09 Jan 2009 07:07:11 +0000 http://www.trupela.com/?p=5441#comment-907 Rob,As ww economic growth slows so does the demand for oil. In fact, much of the price rises over the last 6-18 months was often due to speculators pushing the oil price beyond to what it should have been...In July 08, oil was $ 148 US (or thereabouts)... In Jan 09, its is hovering around $ 42 US...You would expect price of petrol at the pump to drop by around 60+ % !!!It is all about demand... (China, India) and the perception of this increase in demand ...Well, that's my 2c's worth...John Rob,

As ww economic growth slows so does the demand for oil. In fact, much of the price rises over the last 6-18 months was often due to speculators pushing the oil price beyond to what it should have been…

In July 08, oil was $ 148 US (or thereabouts)… In Jan 09, its is hovering around $ 42 US…

You would expect price of petrol at the pump to drop by around 60+ % !!!

It is all about demand… (China, India) and the perception of this increase in demand …

Well, that’s my 2c’s worth…

John

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