A positive view on DLS...., page-13

Locshare11

For the record I did not say you "cherry picked" DLS I said the article so please don't mince my words.

I must say there is a lot of content in your last post but you don't seem to say anything much but make a lot of contradictions.

So at the end of the day it's a confusing post.

Maybe you can just say what it is that's on your mind in 25 words or less because it just looks like you're playing mind games. You like stuff then you don't seem to like stuff. What is it that you are trying to say???

Yes US may be affecting us but the AU dollar decline has helped - we are still get AU$72 a barrel at current prices. Furthermore, there might be disinflation, but disinflation is still inflation.

The world has two choices growth or war. I don't think people want to go to war and deflation is the big bogey word in the current zeitgeist, ergo, they will go for growth.

Everyone seems to focus on consumption and supply, especially in the oil markets, 92m produced 91m consumed = surplus. I get that, however, everyone only talks about OPEC and the US production rates being circa 42m barrels a day; so what about the other 50m barrels what is happening in that space. And of course three is Iran. The answer is no one really knows. And what about gas??? What is the supply / demand equation there?  What will the decline in coal have over time for energy. So I disagree with your synopsis that commodities are priceless - which is an unusual word to use maybe worth less (worthless) might have been more appropriate - but I digress (apologies in advance). Certainly iPhones are not coming down in price anytime soon and thankfully there are not enough tree huggers in the world.

This is not a zero sum game and I believe that there are other forces out there, other than governments and what you read in the media, that are at work that find the current malaise in the energy markets intolerable. These are the people you need to have a real conversation with. In the meantime we are the ones having to tolerate it.

Time will tell.

Cheers
BW
_______________________________________________
There are known knowns. These are things we know that we know.
There are known unknowns. That is to say, there are things that we
know we don't know. But there are also unknown unknowns. There
are things we don't know we don't know