# The Etp Model Has Been Empirically Confirmed

Discussion in 'The Cesspool' started by Futilitist, Aug 24, 2015.

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1. ### FutilitistThis so called forum is a fraud...Registered Senior Member

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I have been right the whole time, Russ. And now reality is moving *WAY* too fast for you to keep up. Your lame peak oil denier crap won't work anymore.

You sound desperate.

I think you are scared.

WTIC is currently $28.48!!! ---Futilitist Please Register or Log in to view the hidden image! Last edited: Jan 19, 2016 2. ### GuestGuest Advertisement to hide all adverts. 3. ### exchemistValued Senior Member Messages: 9,400 Who gives a toss about fracking? It is a pimple on the arse of global oil production. ~5% - see pie chart here: http://www.climatecentral.org/news/tight-with-oil-us-crude-10-percent-of-global-supply-17238 Its rise and fall may give the US a bit of a bump, but it is silly to think it can shake the economy of the world. krash661 likes this. 4. ### GuestGuest Advertisement to hide all adverts. 5. ### Russ_WattersNot a Trump supporter...Valued Senior Member Messages: 5,051 Lol, so now you are also wrong about being right....or is it right about being wrong? We'll leave that to the philosophers. krash661 likes this. 6. ### GuestGuest Advertisement to hide all adverts. 7. ### Russ_WattersNot a Trump supporter...Valued Senior Member Messages: 5,051 Because of elasticity, small changes in supply can have a huge impact on price. Previously OPEC would have absorbed it, but they've decided that 10% of total is too much and is something they are unwilling to absorb. krash661 likes this. 8. ### exchemistValued Senior Member Messages: 9,400 Sure. What I meant was that fracking disappearing (for a while) is, contrary to Fute's hysteria, not going to crash the global economy. It employs far too few people and involves far too little investment. As I see it, the only real downside to cheap oil is the risk that inflation goes -ve in some countries, since deflation has a bad effect on economic sentiment. krash661 likes this. 9. ### krash661[MK6] transitioning scifi to realityValued Senior Member Messages: 2,973 it is as simple as-- quit twisting your own words that were/have been shown that you are with your own words. in other words--quit twisting your own words that it is massively obvious that you are, no matter what you continue too tell yourself.. 10. ### Russ_WattersNot a Trump supporter...Valued Senior Member Messages: 5,051 Oh, righ, yeah, we'recommend on the same page. I also still think Saudi Arabia has something up their sleeve as well. krash661 likes this. 11. ### krash661[MK6] transitioning scifi to realityValued Senior Member Messages: 2,973 which is why i said " in a sense the thoughts should be-- why is iran increasing production when they know very well it will cause prices to drop even further-- it is like why would they want the price to drop even further. " 12. ### originIn a democracy you deserve the leaders you elect.Valued Senior Member Messages: 11,049 Now it is$40.97.

Does that agree with EPT model or has the model been refuted?

It also looks like the stock market didn't crash and the 4 horsemen of the apocalypse didn't arrive yet.

13. ### Beer w/StrawTranscendental Ignorance!Valued Senior Member

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I demand lower gas prices!

14. ### originIn a democracy you deserve the leaders you elect.Valued Senior Member

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Me too! I was hoping Futilitist was right - uh, not the apocalypse part the lower oil prices part...

15. ### exchemistValued Senior Member

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I think Fute will keep schtum for the next few months now.

He only pops up, salivating, when he thinks he has read about some really bad economic news.

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The Etp model forecasts that oil prices could reach as high as about $65 this year, though I seriously doubt that will happen. So, yes, the Etp model is in agreement with the current oil price. And no, the model has not been refuted in any way. Soon. I am pretty sure you are about to get them. I am right about both. Wrong. I read really bad economic news every day. I just checked back in after some time away to find this thread was active again. I am glad this important topic generates so much interest. It is a quiet Easter weekend. The oil and stock markets are closed. They open (after 3 days off) on Monday morning. Which way do you think they will go? ---Futilitist Please Register or Log in to view the hidden image! Last edited: Mar 28, 2016 17. ### Beer w/StrawTranscendental Ignorance!Valued Senior Member Messages: 5,505 What about that show: Ancient Aliens. Will they come back and save us from the apocalypse? exchemist likes this. 18. ### exchemistValued Senior Member Messages: 9,400 This topic generates humour. At your expense, Fute. That's all. 19. ### originIn a democracy you deserve the leaders you elect.Valued Senior Member Messages: 11,049 That is one hell of a model he has got there. The model apparently says oil prices will be between$10 and \$65! Hard to be wrong with that range.

I have a model of the weather. The predictive power rivals what meteorologist can do today; they cannot even predict accurately the weather more than 10 - 15 days out. My model can tell you the weather of any day in the next year! For instance, in my area on July 13 the high will be between 50F and 105F. That is not all, it also predicts that it will either rain or not rain.

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20. ### originIn a democracy you deserve the leaders you elect.Valued Senior Member

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From Oct. 2 2015
So I guess all I can say is "Hardy-Har-Har".

exchemist, Russ_Watters and krash661 like this.
21. ### krash661[MK6] transitioning scifi to realityValued Senior Member

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ahh-- a change-up now.

22. ### Russ_WattersNot a Trump supporter...Valued Senior Member

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They've been delayed by the heavy traffic caused by lower gas prices and a growing economy.

brucep and origin like this.

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