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Was this 3,000 word article written by GPT-3 by any chance? The jargon is impenetrable. Supply is being forced offline. Russia shut-ins likely. N
by rgovostes 5y ago
Was this 3,000 word article written by GPT-3 by any chance? The jargon is impenetrable.
Supply is being forced offline.
Russia shut-ins likely.
Not quite at “no-bid” levels yet, Urals discount of $30/bbl to Brent is a marked hit relative to historical levels.
Demand is the governor and for now, demand is holding in.
The author(s) use "we think," "we expect," etc. as if they are a team of analysts, but the writing style is a step above Q Anon. As they published pseudonymously it is difficult for me to evaluate whether to take them seriously or not.
- novaleaf 5y agoI have only very-basic understanding of energy markets, but the jargon is fine to me, and pretty standard economic/energy speak. - Supply is being forced offline. Oil/Gas production is being forced to stop. - Russia shut-ins likely. "Shut-Ins" is when the well production needs to be stopped. Sometimes (especially for fracking) this means the well can not restart. - Not quite at “no-bid” levels yet, Urals discount of $30/bbl to Brent is a marked hit relative to historical levels. Just standard economic bid/ask commodity market talk. Commodities are basically sold at auction. "No Bid" means nobody is offering to buy it, no matter what the price. - Demand is the governor and for now, demand is holding in. Governor as in "in control of the process". I don't know what "Holding In" means but I would guess from context: "not buying"
- EVa5I7bHFq9mnYK 5y agoOr maybe written by a R**n?