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Inflation

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Just my theory which can't be proven but I suspect OPEC are in truth pumping flat out and are simply manipulating published quota figures, and building / drawing on their own above ground inventory, to try and control the market but the oil's flowing at the same rate regardless.

Can't prove it but that's my thinking. If you don't want to lose control of the market, if you don't want to acknowledge reality, well then being the bad guy for cutting the quota beats saying you're maxed out. At least that way it at least looks like you're the boss, even if it makes you unpopular it beats saying you've lost control.

Just my thoughts trying to read between the lines and join the dots. :2twocents
i suspect much of OPEC ( that were allowed to produce their max. ) was already pumping near the max. way back in 2020 ( remember when they couldn't find storage , so were renting tankers )

now given all the narrative about restricting lending to new fossil fuel projects , so smaller companies won't be expanding ( or progressing )
 

Value Collector

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Is unemployment low because more boomers retired?
Seems like a hole that won't fill.
I'm sure we moved past "peak population".
Population is still growing, we just have to import the growth, our local birth rate has dropped below 2 children per female, which is the rate we need to sustain the population. But our immigration rate will keep the population growing.
 

moXJO

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Population is still growing, we just have to import the growth, our local birth rate has dropped below 2 children per female, which is the rate we need to sustain the population. But our immigration rate will keep the population growing.
Is it "worldwide" that population peaked?
Did hear something about it.
All I know is that nobody can find anyone to work.
 

Value Collector

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Is it "worldwide" that population peaked?
Did hear something about it.
All I know is that nobody can find anyone to work.
Not yet, we have a global birth rate of around 2.39 children per female, which is positive growth.

Most of the developed world has dropped below 2 though, for example Australia has only 1.5 births per woman which means a population that will begin to decline, but Africa is over 4 births per woman and a lot of south east Asia and India is still over 2.

I don't think the global population is due to begin to decline under the end of the century, until then Australia is a small country and we could easily maintain our population through migration.

I am not worried about the population because its going to be so long until it starts shrinking, and even then the thinking is so gradual and its probably a good think for the people and the planet. Robots can also pick up the slack in labour.
 

over9k

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China's covid numbers hit record high. Do they:

A: Try to contain it by locking everything down like fort knox and turn the entire country into a giant prison

B: Just give up, make everything total open slather and just let it ravage everyone and it's survival of the fittest.

Tune in next week to find out!
 

over9k

But first, let me consult my goldfish
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China's covid numbers hit record high. Do they:

A: Try to contain it by locking everything down like fort knox and turn the entire country into a giant prison

B: Just give up, make everything total open slather and just let it ravage everyone and it's survival of the fittest.

Tune in next week to find out!
I mention this because oil markets have dropped in response to it so markets obviously currently think that even bigger/more draconian lockdowns are on the way.

They literally welded people's doors shut/welded them into their homes last time so who knows what we'll see next.
 

Knobby22

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China's covid numbers hit record high. Do they:

A: Try to contain it by locking everything down like fort knox and turn the entire country into a giant prison

B: Just give up, make everything total open slather and just let it ravage everyone and it's survival of the fittest.

Tune in next week to find out!
A.
Need Sportsbet to cover this.
 
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