Observerbrb wrote:"You can ignore reality, but you cannot ignore the consequences of ignoring reality."
So you see that ignoring economics doesn't work then? Congratulations. That's a big part of the ETP's problem, by the way.
Observerbrb wrote:"You can ignore reality, but you cannot ignore the consequences of ignoring reality."
Outcast_Searcher wrote:Observerbrb wrote:"You can ignore reality, but you cannot ignore the consequences of ignoring reality."
So you see that ignoring economics doesn't work then? Congratulations.
Today, the wholesale price of gasoline (RBOB) is $1.70 per gallon or $71 per barrel. If the refinery buys its raw material for $50 per barrel its gross margin is $21 per barrel or $0.50 per gallon.
The ETP is garbage.
Observerbrb wrote:After all, if US grows at 0.5% YoY with 50$ oil, it will grow at 3% with 90$ oil??!!
Outcast_Searcher wrote:By the way, long term, due to global BAU growth, AGW, etc. I'm a pessimist. But that doesn't translate to ignoring all the mainstream economic data out there and going tinfoil on short term doomerism all the time, IMO.
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