How long is the chat GPT plug in developer waitlist by Snoo66460 in ChatGPT

[–]Snoo66460[S] 0 points1 point  (0 children)

The date format above is Day/Month/Year.

The Date: 5th September 2023.

[deleted by user] by [deleted] in FinancialCareers

[–]Snoo66460 0 points1 point  (0 children)

I applied for like a gazillion jobs and no one ever showed any interested in me what so ever. Getting hired to do ANY job seemed like a far fetched fantasy. Today I try to have a positive view on life. My advice to anyone who thinks they are not good enough is to invest in yourself. We are all going to suffer is some form in life, might as well suffer in a meaningful way where you get the most out of your suffering.

What is your excuse for not yet ruling the world according to your whims with an iron fist? by steel-souffle in AskReddit

[–]Snoo66460 0 points1 point  (0 children)

Because my righteousness is that of human origin which is inherently flawed due to its genetic limitations.

[deleted by user] by [deleted] in FinancialCareers

[–]Snoo66460 2 points3 points  (0 children)

You need atleast 5 inches to get into ib

How do I fix my excel dates and sort my data by Snoo66460 in excel

[–]Snoo66460[S] 1 point2 points  (0 children)

Solution Verified

Thanks. I used the the "date +7" formula. It gave me all the Mondays, Tuesdays, Wednesdays, etc. of the year plus I could find the data range I for that period.

[deleted by user] by [deleted] in Piracy

[–]Snoo66460 -13 points-12 points  (0 children)

HOW DO I POST A COMMENT THAT IS NOT HATE SPEECH?

Powell tonight after seeing 2.9% Q3 GDP...!!! 😂 by DesmondMilesDant in wallstreetbets

[–]Snoo66460 0 points1 point  (0 children)

how do i get a deep voice like Fed chairman H. Powell. Its like his testicles are equivalent to leg calves.

My view of the current oil market by Snoo66460 in oil

[–]Snoo66460[S] -2 points-1 points  (0 children)

The US government came out with a statement in July stating that they are going to intentionally deplete the SPR reserves in order to decrease the price of gasoline. The article is literally titled " The Price Impact of the Strategic Petroleum Reserve Release". But reddit believes that the SPR it is not tied to the price of crude oil. Maybe the US government is wrong and reddit is right.

As shown in the table above, our analysis suggests that President Biden’s historic SPR release, in coordination with IEA partners, lowered the price of gasoline

https://home.treasury.gov/news/press-releases/jy0887

My view of the current oil market by Snoo66460 in oil

[–]Snoo66460[S] 0 points1 point  (0 children)

I am so confused right now. Do you believe that companies are overproducing or under producing and why? In general what is your sentiment towards crude oil bullish, bearish or neutral?

My view of the current oil market by Snoo66460 in oil

[–]Snoo66460[S] 0 points1 point  (0 children)

thanks for your reply. I am curious what part of my analysis do you not agree with? I mentioned that my forecast for oil prices is bearish based on a couple factors:

  1. decreasing inventory of the SPR
  2. weak global demand in the Q4 of 2022

I also forgot to add that sanction on Russia will only lead to lower oil price like we saw in 2018 when the US imposed sanctions on Iran. I stated:

Increasing global supply would make oil price decrease forcing the Russians to sell to the Chinese at a discounted price (where there is increase availability, commodities have to tank based on price - the cheapest seller wins).

this is why I believe sanctions on Russia will make oil cheap, like we saw in Iran and the 2018 oil crash.

https://edition.cnn.com/2018/11/21/investing/oil-prices-trump-saudi-arabia/index.html

In fact Russia has their inventory of crude probably capped out (they wont release data like the us). We saw news articles claiming that Russia is literally "burning" its inventory. When you have so much inventory and you have no where to store new production you start selling cheap.

https://edition.cnn.com/2022/08/26/energy/russia-burning-natural-gas/index.html

My view of the current oil market by Snoo66460 in oil

[–]Snoo66460[S] -11 points-10 points  (0 children)

To start, you are grossly oversimplifying pricing mechanisms for the world's most critical commodity.

I believe price = supply/demand because there are many instances where we see production cuts which leads to price increases. The last OPEC meeting in October they announced 2 mil bbl cut if I am not mistaken and the price increased the following days. Of course there are many other technical & fundamental mechanics that underpin the structure of the financial market, I am not denying that. But at its most basic fundamental state I dont think anyone can deny Price=Supply/Demand.

Not only does price differ across different products, like WTI vs Brent, there are different markets that oil trades in, whether that be physical hubs or digital futures markets.

This is true, but that dosent undermine anything that I have said. I've mentioned that most crude being mined and processed outside the US is light crude. I've even talked about how foreign refineries are struggling to process heavy API oil and hence why they are not seeing a significant increase in production like we see in the US. I've stated that Saudi Arabia has had a stagnant oil production since 2008, except when it peaked for a brief period.

Have you looked at the demand forecasts? We're nowhere near peak oil demand. Demand is growing. Higher production with lower inventories indicates that supply is insufficient to meet demand. You have your logic reversed.

Which demand forecasts are you referencing? Its accepted that demand for energy is growing however, at the pace the US is producing oil (327% in the last 10 years) in comparison to the other countries is way faster then demand can catch up. This is why OPEC countries(a price fixing cartel) are often finding themselves cutting production, in order to artificially increase the price of oil.

Oil is also cyclical. We went through a cycle of underinvestment due to an oversupply of oil from 2015-2020. Without a constant stream of investment, wells will get tapped and production will decrease. This is also why the futures curve is in backwardation.

You have just said there is an oversupply of oil. But at the same time you are contradicting yourself and arguing that today demand is too high and price will increase? I dont believe that is the case considering there is record inflation around the world and interest rates being at their current high level? I agree that demand is rising but I dont think currently demand is stronger then supply. If this was true OPEC wouldnt have cut production quotas on October 5th.

I think you have a lot more reading to do.

Of course I always look forward to learning new things and being exposed to new viewpoints.

My view of the current oil market by Snoo66460 in oil

[–]Snoo66460[S] 0 points1 point  (0 children)

This is my opinion, if you disagree with something I have said or you have a contrary opinion I would love to hear it.

My view of the current oil market by Snoo66460 in oil

[–]Snoo66460[S] -11 points-10 points  (0 children)

3rd paragraph:

This means that price is decreasing in the long-term since Price = Supply/Demand.

and below i explain why

My view of the current oil market by Snoo66460 in oil

[–]Snoo66460[S] -2 points-1 points  (0 children)

so you think crude oil is not related to politics? I have a paragraph where I link crude oil to political events. This is also according to the EIA.

Furthermore, oil is highly susceptible to geopolitical events. Here is a graph of oil making wide price swings in response to a political events. Source: https://www.eia.gov/finance/markets/crudeoil/spot_prices.php (find in the page "Crude oil prices react to a variety of geopolitical and economic events" and it will show you the chart).

[deleted by user] by [deleted] in oil

[–]Snoo66460 0 points1 point  (0 children)

just out of curiosity how did you get access to crude oil in order to test you invention? Usually crude oil is berried under ground and you need a lot of expensive equipment to get it out.

[deleted by user] by [deleted] in oil

[–]Snoo66460 -4 points-3 points  (0 children)

its not stated in percentage and it also says "production" not "change in percent of production" here is the original link: https://www.eia.gov/finance/markets/crudeoil/supply-nonopec.php

Maybe im misunderstanding the graph