Thread: Oil Tumbles as Signs of Slowing Economy Spur Commodity Selling

^Imaginary demand from India and China? I suppose that imaginary demand is in respect of imaginary fuel to go in their new imaginary cars and trucks...

I suppose Butterfly still thinks quaintly that they all go around on rickshaws and bicycles still.

Originally Posted by bkkandrew

I suppose Butterfly still thinks quaintly that they all go around on rickshaws and bicycles still.

have you ever been to China outside the big cities ? China is not Beijing or Shangai,

oh yeah I forgot, every Indian and Chinese has a car

Originally Posted by Butterfly

oh yeah I forgot, every Indian and Chinese has a car

Frightening thought.

Back to facts (you know those annoying things that get in the way of your opinion):

Chinese car ownership 1990 - 1 million. Source:

Individual Car Ownership Surging in China

Chinese car ownership 2000 - 16.0891 million; 2001 - 18.0204 million; 2002 - 20.5317 million. Source:

Demand for automobiles to maintain rapid, steady growth (hktdc.com)

Chinese car ownership esimated in 2005 - 30 million. Source:

Facts & Figures of Chinese Auto Industry -- Beijing Review

Chinese car ownership in 2007 - 56.97 million. Source:

Car Ownership up 32% in 2007 at China Car Times

According to CSMWorldwide, an American market analysis firm, China’s auto output would surpass 6 million units in 2008; China would replace Germany as the world’s third largest auto manufacturer in 2006; and by 2015, China may transcend Japan to become the second largest auto power.

Source:

Facts & Figures of Chinese Auto Industry -- Beijing Review

So then Butterfly - imaginary demand for fuel, eh?

I can do the numbers for India as well if you like, but I guess that, once again, you are embarrassed enough as it is being hopelessly, utterly wrong.

^ India has the 2000$ car as well, but maybe that runs on vindaloo

Originally Posted by britmaveric

Dropped another $5 a barrel, hmmm heard a few reports say major drop will occur once the Chinese Olympics begins. (interesting to say the least)

I'm staying long. Believe this is a correction only.

^^Only you could try to wriggle from stating that fuel demand from China was 'imaginary' when being shown that, in fact, the number of cars on China's roads had gone from 1 million to over 56 million in 17 years and is increasing by 6 million per year.

When will you admit you are simply wrong?

Originally Posted by Boon Mee

I'm staying long. Believe this is a correction only.

You seen the chart? past corrections have been to 20 day or at worst 50 day moving average. Looks like theres more downside next week to me. I really want to be wrong though.
Chart here

Originally Posted by bkkandrew

When will you admit you are simply wrong?

when you stop being a gullible fool, or twisting your logic to make a point, which is probably never,

let me repeat it very slow for you: the current speculation of oil price has nothing to do with the REAL demand of oil (from China or India). That doesn't mean that China is not consuming more oil, and I never said that wasn't the case, as economic growth always lead to greater consumption of natural resources.

So instead of barking like a little scared dog to the bad news of the world, go read a book on the subject and learn something other than just posting news about the end of the world,

^What are you talking about?

You stated that demand from China was "imaginary". You have shown this statement to be laughable, stary-eyed nonsense, yet deny, deny, name-call and attempt to change the subject.

1 million cars 1n 1990 to 56 million in 2007, growing at 6 million per year. Which word don't you understand? These are not 'imaginary' cars. Thery are real, consuming real oil products.

The only imaginary thing on this thread is the world you live in!

Yeah, the "imaginary" demand that give justification to push oil to the current level are not REAL, just imaginary,

I mean how more clear do you need to be ? or are you just retarded ?

Originally Posted by Butterfly

let me repeat it very slow for you: the current speculation of oil price has nothing to do with the REAL demand of oil (from China or India). That doesn't mean that China is not consuming more oil, and I never said that wasn't the case, as economic growth always lead to greater consumption of natural resources.

No, you need to repeat very slowly 1 million cars in 1990, 56 million in 2007, growing a 6 million per year. This is not simply consuming 'more' oil, it is consuming a negligable amount then to consuming a large amount now, growing to a simply massive amount as time progresses.

And then you multimply by two to factor in India.

Your nonsense on this subject demonstrates why no-one listens to you about virtually any subject at all.

Originally Posted by bkkandrew

growing to a simply massive amount.

matched by a growing supply of oil, so the price at the end doesn't move really,

listen kid, do you have any formal education or are you just fresh out of high school ?

Originally Posted by Butterfly

Originally Posted by bkkandrew

growing to a simply massive amount.

matched by a growing supply of oil, so the price at the end doesn't move really,

listen kid, do you have any formal education or are you just fresh out of high school ?

Figures?

I provided actual facts to back up my assertions, you have just provided an opinion. No change there then...

Originally Posted by Butterfly

Originally Posted by bkkandrew

Your nonsense on this subject demonstrates why no-one listens to you about virtually any subject at all.

obviously you are an expert on ignorance

Indeed, I spotted it writ large when reading your posts.

^^ fucking google it, it's everywhere, and these are facts, not opinion

your opinion is misguided because you don't have the knowledge to understand how supply and demand work, hence you fall for every news bit that send false alarms, or misunderstand figures and take them as facts for your misled opinion

seriously, document yourself with basic economic principles and then I will be happy to discuss with you

Butterfly knows he's wrong, so lashes out the only way he knows how to:

Oil Tumbles as Signs of...19-07-2008 06:37 PMButterflyI think you are just dumb. Do you have any formal education or just fresh out of high school ?

^ so I stroke a nerve I guess, so which is it ? ignorance or just fresh out of high school ? hopefully the later,

Originally Posted by Butterfly

^^ fucking google it, it's everywhere, and these are facts, not opinion

No, you google 'it', whatever 'it' is, then post facts and figures to present a proper case.

Originally Posted by Butterfly

your opinion is misguided because you don't have the knowledge to understand how supply and demand work, hence you fall for every news bit that send false alarms, or misunderstand figures and take them as facts for your misled opinion

I quoted facts, with verifyable sources, not opinion, mine or otherwise. Do you understand the difference?

Originally Posted by Butterfly

seriously, document yourself with basic economic principles and then I will be happy to discuss with you

I did document the facts, which you keep ignoring. My expertise on economic matters has managed to serve me professionally for some 20-years, whereas your lack of ability to understand basic economic matters has been demonstrated (yet again) on this thread.

Originally Posted by Butterfly

^ so I stroke a nerve I guess,

No, just posted it for all to see how pathetic and childish you were.

Originally Posted by Butterfly

so which is it ? ignorance or just fresh out of high school ? hopefully the later,

As I have posted the facts (which you have not challenged) it can't be ignorance, I only wish I was fresh out of school, but sadly for both me and you, that isn't the case either.

Originally Posted by bkkandrew

My expertise on economic matters has managed to serve me professionally for some 20-years,

Originally Posted by bkkandrew

As I have posted the facts (which you have not challenged) it can't be ignorance

no you didn't, only figures to support a misguided point. You don't understand how those numbers fit in the great scheme of things. Bits here, bits there, and you draw conclusions without connecting any dots.

Originally Posted by Butterfly

Originally Posted by bkkandrew

My expertise on economic matters has managed to serve me professionally for some 20-years,

There we are, ultimate French white-flag waving on an arguement. Just post a smilie.

Anyway, just in case Butterfly starts to wank himself off at the thought that I have not responded further, I am off out for a beer.

I shall continue to expose his dimness in the morning.

^^And he managed to edit his surrender post, before I posted.

/out! (for today!)

Originally Posted by bkkandrew

I shall continue to expose his dimness in the morning.

Originally Posted by bkkandrew

how pathetic and childish you were.

Originally Posted by bkkandrew

/out! (for today!)

run along, run along boy