I thought Bells was the moderator and acted independently. It sounds like you are the one who is in charge.
Are you now criticizing Bells for not acting fast enough? I don't think that is fair.
---Futilitist
The Etp Model Has Been Empirically Confirmed
- Thread starter Futilitist
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---Futilitist
post #1498
" billy-- i am looking at the front month now-- it is at 45.99-- and it is still in break-out mode. the next test levels are between 50-60 dollars after the retrace from this break-out.
i am also looking at dec 17' -- it is at 49.58
edit--
what this etp does not account for are the fights between the buyers and shorts-- they also control the markets with money. right now the buyers are attempting to push it to 50 dollars and then the shorts will attempt to block them there and try to hammer down the price-- there will be a fight at that price range. "
no, just you simply starting your pathetic-ness.
comical--you are fussing over a 2 dollar move..Spoken like a true staff member.
Good catch.
WTIC spot price is 43.81 right now.
---EDIT---
WTIC spot price just dropped to 43.54
---Futilitist
---cute.
exchemist
Valued Senior Member
I thought Bells was the moderator and acted independently. It sounds like you are the one who is in charge.
Are you now criticizing Bells for not acting fast enough? I don't think that is fair.
---Futilitist
Don't make yourself look even sillier, Fute.
Let it go. Like I am. Tea is very nice and calming restorative, at this stage of the afternoon. I'm having mine with a slice of rather excellent lemon cake that I made myself.
I tend to look more at the spot prices since they represent the actual price of oil.
WTIC just hit 43.35
The DOW just fell to 17,697.18 -193.98(-1.08%)
---Futilitist
Ha ha. Don't worry, I am fine, x.Let it go. Like I am. Tea is very nice and calming restorative, at this stage of the afternoon. I'm having mine with a slice of rather excellent lemon cake that I made myself.
---Futilitist
LIM-- listen to yourself--it is a futures contract--the spot price is the front month, which is jun16' at this moment.I tend to look more at the spot prices since they represent the actual price of oil.
WTIC just hit 43.35
The DOW just fell to 17,697.18 -193.98(-1.08%)
---Futilitist
and at this moment it is at 43.63--so what?--now what?
the part that you did not grasp from my post was:
" and it is still in break-out mode. the next test levels are between 50-60 dollars after the retrace from this break-out. [...] right now the buyers are attempting to push it to 50 dollars and then the shorts will attempt to block them there and try to hammer down the price-- there will be a fight at that price range. "
Ophiolite
Valued Senior Member
Your ability to discern reality appears to be challenged in arenas other than the economic. Any power I have in this thread is a consequence of the power you have surrendered by presenting flawed arguments, refusing to cooperate and adopting a hostile tone. And that power simply enabled me to highlight those failings.
I generally don't drink tea, but I am going to have a Drambuie on ice.
Cheers to all, and to all a goodnight.
" right now the buyers are attempting to push it to 50 dollars and then the shorts will attempt to block them there and try to hammer down the price-- there will be a fight at that price range. "-- now what?
Bells
Staff member
I have to ask, when you look at the DOW, for example, do you track it over a length of time?I tend to look more at the spot prices since they represent the actual price of oil.
WTIC just hit 43.35
The DOW just fell to 17,697.18 -193.98(-1.08%)
---Futilitist
Because if we were to take your doom and gloom of the apocalypse seriously, then the world would have ended back at the start of this year, when the DOW was actually much lower than it is now.
For example, back in February of this year, it was down to 15,660.18.. You are fretting over it being 17,697.18?
I mean, you do understand that it fluctuates, yes? That even a steady drop is not indicative of a market crash, yes?
And your predictions.. Well, might I suggest you stop using duct tape on the crystal ball..
Let's look at what you said at the start of this thread as one prime example:
That hasn't happened at all. Not even close and there is absolute no indication that any such thing is even on the horizon. Far from it. In fact, supply has outstripped demand for oil by a fairly large margin. And this was the case even back in December 2015 and the start of this year.. Which would explain why fuel was at such a low for the last few months.
I notice that you keep demanding that this is not about economics, but about physics. Sorry to break this to you, but this is very much about economics.
Different forms of energy, such as solar, water, wind, is pretty much reducing our reliance on oil. Which is to be expected. Car manufacturers are responding to demand to cleaner cars, and companies like Tesla are selling cars before they can even finish making them.
What is now becoming clear is that "peak oil" is not going to be the result of "permanent depletion". "Peak oil" will be the result of competing forms of energy on the market, which will mean that our reliance on oil will fall and we will turn to other forms of energy. In fact, this was again supported quite recently..
Now, you declared that the market is energy starved.. And then you tried to change that to mean something else, while refusing to actually define what you meant by that. If we are to take your argument at face value, the reality is vastly different. An over supply of oil, which is only now starting to stabilise as countries reduce their output to try to deal with the oversupply of the last few months. So the market will start to balance itself as the demand for oil starts to catch up to the over supply. This is what happens in the market and in economics 101..
But for you, you are looking at these figures on a random basis, and making predictions that are not real. And you have gone off on a tangent of a global conspiracy and unfortunately, relying on a few choice forums, blogs and certain individuals who are trying desperately to be heard to cause what they probably think is a global panic.. You know, the DOW dropped a couple of points.. THE END IS NIGH!.. And look, it's pretty ridiculous.
Not to mention your current theory that the staff here are all in on this conspiracy.. among other conspiracies you have uttered in this thread of late.
And now, you have totally tanked your own thread. You have failed to define the terms you have invented and you failed to support your claims with actual science and instead, appear to be lifting quotes from other sites without linking to your sources.. I am giving you the chance to right the wrongs you have committed in this thread. Throw it away, and you throw away the thread itself.
All of the things you say above are just your opinions. Not facts. They may be supported by other true believers, but that does not make them facts. It is not fair or valid for you to declare these things to be true just because you have the power of a moderator. This is supposed to be a friendly, public discussion forum. People should be free to state their opinions and support them as they see fit. The readers can then decide who is winning the debate.
I will not respond to your threats. This thread has been running just fine for quite a long time without the heavy hand of your "moderation". You are abusing your authority, as well as me. Please stop.
Your actions seem to strongly support my current theory. I wonder what the readers think?
If you are referring to this quote....
"The Etp Model is predicting that the end of the oil age will come about as a result of the entropic decay of the world's petroleum production system. The advantage of the method, over other estimates of world reserves, is that results are calculated from the world's accumulated production data set. It is based on data for which we have reasonable knowledge, as opposed to projected conjecture, as to what might be existing reserves.
The Model is derived through the solution of the "Entropy rate balance equation for control volumes"; which is a very well known equation in thermodynamics. It is the only model known that can generate quantitative results from a proven thermodynamic law. Because the Model is a mathematical construct, its validity, or rejection can only be subject to an analysis of its construction. Even though the Model has been reviewed by thousands of qualified persons from around the world, a reasonable refutation has not yet come forward.
As the output of the model does not bode well for a long term continuation of the present industrialized system, it is to be expected that many opinions will run counter to its conclusions. Opinions are, however, highly influenced by emotional interpretations, and are subject to a bias that results from those emotions. Historically, decisions that have resulted from emotionally driven conclusions, have often ended very badly!"
~BWHill
....it comes from:
http://peakoil.com/forums/post1262756.html?sid=e72710496bf914e16ef827500e81839b#p1262756
---Futilitist
Last edited:
exchemist
Valued Senior Member
All of the things you say above are just your opinions. Not facts. They may be supported by other true believers, but that does not make them facts. It is not fair for you to declare these things to be true just because you have the power of a moderator. This is supposed to be a friendly, public discussion forum. People should be free to state their opinions and support them as they see fit. The readers can then decide who is winning the debate. This thread has been running just fine for quite a long time without the heavy hand of your "moderation". You are abusing your authority, as well as me. Please stop.
Your actions seem to strongly support my current theory. I wonder what the readers think?
If you are referring to this quote....
"The Etp Model is predicting that the end of the oil age will come about as a result of the entropic decay of the world's petroleum production system. The advantage of the method, over other estimates of world reserves, is that results are calculated from the world's accumulated production data set. It is based on data for which we have reasonable knowledge, as opposed to projected conjecture, as to what might be existing reserves.
The Model is derived through the solution of the "Entropy rate balance equation for control volumes"; which is a very well known equation in thermodynamics. It is the only model known that can generate quantitative results from a proven thermodynamic law. Because the Model is a mathematical construct, its validity, or rejection can only be subject to an analysis of its construction. Even though the Model has been reviewed by thousands of qualified persons from around the world, a reasonable refutation has not yet come forward.
As the output of the model does not bode well for a long term continuation of the present industrialized system, it is to be expected that many opinions will run counter to its conclusions. Opinions are, however, highly influenced by emotional interpretations, and are subject to a bias that results from those emotions. Historically, decisions that have resulted from emotionally driven conclusions, have often ended very badly!"
~BWHill
....it comes from:
http://peakoil.com/forums/post1262756.html?sid=e72710496bf914e16ef827500e81839b#p1262756
---Futilitist
"What the readers think" has been apparent for about 80 pages.
No, it hasn't. Ha ha. You are hilarious!
None of you are 'the readers'. I doubt there are any actual 'readers'! You are all staff. This place is a hall of mirrors!
---Futilitist
i still have no clue whatsoever of what this etp actually predicts--again, from what i am gathering is that it predicts a range from 11 to 66 dollars, which will then cause society to collapsed.All of the things you say above are just your opinions. Not facts. They may be supported by other true believers, but that does not make them facts. It is not fair or valid for you to declare these things to be true just because you have the power of a moderator. This is supposed to be a friendly, public discussion forum. People should be free to state their opinions and support them as they see fit. The readers can then decide who is winning the debate.
I will not respond to your threats. This thread has been running just fine for quite a long time without the heavy hand of your "moderation". You are abusing your authority, as well as me. Please stop.
Your actions seem to strongly support my current theory. I wonder what the readers think?
If you are referring to this quote....
"The Etp Model is predicting that the end of the oil age will come about as a result of the entropic decay of the world's petroleum production system. The advantage of the method, over other estimates of world reserves, is that results are calculated from the world's accumulated production data set. It is based on data for which we have reasonable knowledge, as opposed to projected conjecture, as to what might be existing reserves.
The Model is derived through the solution of the "Entropy rate balance equation for control volumes"; which is a very well known equation in thermodynamics. It is the only model known that can generate quantitative results from a proven thermodynamic law. Because the Model is a mathematical construct, its validity, or rejection can only be subject to an analysis of its construction. Even though the Model has been reviewed by thousands of qualified persons from around the world, a reasonable refutation has not yet come forward.
As the output of the model does not bode well for a long term continuation of the present industrialized system, it is to be expected that many opinions will run counter to its conclusions. Opinions are, however, highly influenced by emotional interpretations, and are subject to a bias that results from those emotions. Historically, decisions that have resulted from emotionally driven conclusions, have often ended very badly!"
~BWHill
....it comes from:
http://peakoil.com/forums/post1262756.html?sid=e72710496bf914e16ef827500e81839b#p1262756
---Futilitist
comical-- (shakes head) and (shrugs)from a point of view of someone having actual knowldge, wisdom, understanding, and EXPERIENCE in this, i am going to say that you have already lost when you initiated this topic.
would that not mean that you have answered your own rant and rave then--which was this " The readers can then decide who is winning the debate. "-- if no one is reading this, then i guess we all can say that you have lost already, then?
it is comical how you are actually clueless of how you make yourself pathetic...
carry on.
I don't know what to think. You said, your conspiracy theory was a joke. Now you are saying it is your current theory. Is this a joke too?
This is one of your jokes, right? Ha ha good one, uh it is a joke right???
Yeah, this 'hey, look at what the DOW is doing today!' bit is just too stupid to be serious. He hasn't, that I've seen, gone that stupid before - it isn't his normal schtick.
My new theory is that Futie has actually temporarily abandoned his religion, but doesn't want to admit it, so instead he's trolling to get his thread locked and himself banned so he can leave with Crackpot Cred. He'll leave and come back the next time there is meatier negative economic news to point to. He'said taken six month to a year vacations before.
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