MolaKule
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Let's try to keep this thread on the topics of the economics of crude and avoid political posts.
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MolaKule
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Originally Posted by Jimzz
Originally Posted by Wolf359
You do realize this is for oil futures for May which expire tomorrow right? This is just an extreme version of contango.
Things is demand is not going up between now and next month. So we might see this all over again next month, or somehow worse.
An economic topic I have been wondering about is what is called, "Pent-Up demand." What is going to happen when demand returns to or exceeds say 10/2019 levels?
https://www.investopedia.com/terms/p/pent-up-demand.asp
Originally Posted by Wolf359
You do realize this is for oil futures for May which expire tomorrow right? This is just an extreme version of contango.
Things is demand is not going up between now and next month. So we might see this all over again next month, or somehow worse.
An economic topic I have been wondering about is what is called, "Pent-Up demand." What is going to happen when demand returns to or exceeds say 10/2019 levels?
https://www.investopedia.com/terms/p/pent-up-demand.asp
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Sam_Julier
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Originally Posted by MolaKule
Originally Posted by Jimzz
Originally Posted by Wolf359
You do realize this is for oil futures for May which expire tomorrow right? This is just an extreme version of contango.
Things is demand is not going up between now and next month. So we might see this all over again next month, or somehow worse.
An economic topic I have been wondering about is what is called, "Pent-Up demand." What is going to happen when demand returns to or exceeds say 10/2019 levels?
https://www.investopedia.com/terms/p/pent-up-demand.asp
I have been thinking about this as well. But more from the perspective of my children, ages 35 and 32. I'm hearing them question a lot of things, some political, some concerning their assessment of risk going forward. Particularly from my younger child who is currently working a Covid floor at an NYC hospital.
My guess is they will be more cautious which I suspect will translate into reduced consumption. We'll see.
Speaking for myself, I'll be hitting the road in the 240's and burning as much gasoline as I can!
Originally Posted by Jimzz
Originally Posted by Wolf359
You do realize this is for oil futures for May which expire tomorrow right? This is just an extreme version of contango.
Things is demand is not going up between now and next month. So we might see this all over again next month, or somehow worse.
An economic topic I have been wondering about is what is called, "Pent-Up demand." What is going to happen when demand returns to or exceeds say 10/2019 levels?
https://www.investopedia.com/terms/p/pent-up-demand.asp
I have been thinking about this as well. But more from the perspective of my children, ages 35 and 32. I'm hearing them question a lot of things, some political, some concerning their assessment of risk going forward. Particularly from my younger child who is currently working a Covid floor at an NYC hospital.
My guess is they will be more cautious which I suspect will translate into reduced consumption. We'll see.
Speaking for myself, I'll be hitting the road in the 240's and burning as much gasoline as I can!
Pent up demand is one way it could go.
How about people and their habits changing?
It takes me 35 min to line up and get into Costco, I go once or 2x a month now, Grocery Store trips are once a week or less now. I have not bought a startbucks for over a month.
People are creature of habits, like addicts, we might learn new tricks and stick to them?
How about people and their habits changing?
It takes me 35 min to line up and get into Costco, I go once or 2x a month now, Grocery Store trips are once a week or less now. I have not bought a startbucks for over a month.
People are creature of habits, like addicts, we might learn new tricks and stick to them?
Originally Posted by MolaKule
Originally Posted by Jimzz
Originally Posted by Wolf359
You do realize this is for oil futures for May which expire tomorrow right? This is just an extreme version of contango.
Things is demand is not going up between now and next month. So we might see this all over again next month, or somehow worse.
An economic topic I have been wondering about is what is called, "Pent-Up demand." What is going to happen when demand returns to or exceeds say 10/2019 levels?
https://www.investopedia.com/terms/p/pent-up-demand.asp
Problem with that the new normal won't be going away so in fact we can expect to see major upheavals every year from now on. I don't think there will be much pent up demand in the future. That is why the futures are looking grim as they should.
Originally Posted by Jimzz
Originally Posted by Wolf359
You do realize this is for oil futures for May which expire tomorrow right? This is just an extreme version of contango.
Things is demand is not going up between now and next month. So we might see this all over again next month, or somehow worse.
An economic topic I have been wondering about is what is called, "Pent-Up demand." What is going to happen when demand returns to or exceeds say 10/2019 levels?
https://www.investopedia.com/terms/p/pent-up-demand.asp
Problem with that the new normal won't be going away so in fact we can expect to see major upheavals every year from now on. I don't think there will be much pent up demand in the future. That is why the futures are looking grim as they should.
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Originally Posted by AC1DD
Originally Posted by MolaKule
Originally Posted by Jimzz
Originally Posted by Wolf359
You do realize this is for oil futures for May which expire tomorrow right? This is just an extreme version of contango.
Things is demand is not going up between now and next month. So we might see this all over again next month, or somehow worse.
An economic topic I have been wondering about is what is called, "Pent-Up demand." What is going to happen when demand returns to or exceeds say 10/2019 levels?
https://www.investopedia.com/terms/p/pent-up-demand.asp
Problem with that the new normal won't be going away so in fact we can expect to see major upheavals every year from now on. I don't think there will be much pent up demand in the future. That is why the futures are looking grim as they should.
So you can see into the future, nice try.
Originally Posted by MolaKule
Originally Posted by Jimzz
Originally Posted by Wolf359
You do realize this is for oil futures for May which expire tomorrow right? This is just an extreme version of contango.
Things is demand is not going up between now and next month. So we might see this all over again next month, or somehow worse.
An economic topic I have been wondering about is what is called, "Pent-Up demand." What is going to happen when demand returns to or exceeds say 10/2019 levels?
https://www.investopedia.com/terms/p/pent-up-demand.asp
Problem with that the new normal won't be going away so in fact we can expect to see major upheavals every year from now on. I don't think there will be much pent up demand in the future. That is why the futures are looking grim as they should.
So you can see into the future, nice try.
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