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In your expert commodity pricing opinion/method, how much do you ascribe pricing deltas to each of: 1. General inflationary forces 2. Disruptions in the euro m
by awinder 4y ago
In your expert commodity pricing opinion/method, how much do you ascribe pricing deltas to each of:
1. General inflationary forces
2. Disruptions in the euro market due to Russia/Ukraine
3. Global output / pricing forces
4. Biden’s future/sentiment based policy positions
- leereeves 4y agoI'm not trying to explain high oil prices, I'm trying to explain why US oil producers aren't quickly ramping up production despite the high prices. From April 2021-22, US oil production increased by just 400K barrels per day, compared to 1.4M from April 2017-18 and 1.6M from April 2018-19. And prices were lower back then.
- jonnycomputer 4y agoBut does it explain it though? Ramping up production because prices are currently high can be a losing strategy, since the price of gas is volatile, and ramping up production is slow, and expensive.
- jonnycomputer 4y agobtw, even if I disagree, I don't think your comments should be dv'd. part of productive dialogue
- leereeves 4y agoUnfortunately, it's normal. There are a lot of Democrat partisans here who upvote any pro-Biden nonsense, however poorly supported, and downvote any con-Biden facts, however well sourced. Advancing their cause matters more to them than seeking truth.