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Global oil demand now is lower than pre-biden.

American oil demand is lower because of unemployment and less travel. High prices always further reduce travel.

If global oil demand is in fact growing, where is it going? Is there some hidden moves going on here?

How can oil companies make record profit with reduced demand?

Obviously much fuckery a foot. But welcome varying perspective of the greater stage at hand?

Is the oil supply actually stressed? Production stressed? Or all shell games?

Global oil demand now is lower than pre-biden. American oil demand is lower because of unemployment and less travel. High prices always further reduce travel. If global oil demand is in fact growing, where is it going? Is there some hidden moves going on here? How can oil companies make record profit with reduced demand? Obviously much fuckery a foot. But welcome varying perspective of the greater stage at hand? Is the oil supply actually stressed? Production stressed? Or all shell games?

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[–] • 2 pts

Prices are up because supply is reduced.

There is no shortage of global oil - the Earth is awash in oil.

There is, however, control over the production, refining, and shipping of oil based end products - like fuel and fertilizer.

Shortages are appearing in the disrupted logistics of the oil industry, and financial markets are responding to that.

Prices are also up because computer AI is anticipating future price increases and is gaming the financial markets. In my opinion, computer AI tends to exacerbate the severity of global financial market trends, both up and down.

They say Russian oil is offline - Russian oil is not offline. The Russians are selling their oil to the Chinese and Indians, instead of the Europeans. So the Chinese and Indians are not buying their oil from the Arabs. The Europeans will now buy the Arab oil that the Chinese and Indians have stopped buying.

Logistically, the flow of oil has changed direction. The quantity of oil produced and consumed will not change all that much.

Prices should trend back down sooner or later.

China and India are getting the best deal on oil prices they have ever had.

[–] • 1 pt

AI is largely driven by GPUs ie graphics cards, which I imagine started this whole inflation fiasco, it took 2 years for that shit to come back to earth, so I hope gas prices don't follow a similar trend.

[–] • 0 pt

GPUs started the inflation fiasco or AI powered the GPU fiasco? I don't think either of those things are true, but I can't tell what you're saying

[–] • 0 pt

GPUs and the machine learning which they provide is basically top tier AI. You don't have to believe me, won't change things. The demand for cheap machine learning cards and the crypto mining basically fucked up the whole graphics card market. AI ran by GPUs are basically at the forefront of machine learning, all those AI papers you see in 2 minute papers are done on GPUs. GPUs powered machine learning AI also has huge implications for wall street and for stock trading. Again, you can believe whatever you want to believe.