Home Mobile Forum News Cookbook FaceBook Us T-Shirts etc.: Europe/Worldwide. eBay Motorsport Links Advertising  
Site Partners: SpotterGuides Veloce Books  
Related Sites: Your Link Here  

Go Back   TenTenths Motorsport Forum > Single Seater Racing > Formula One


Reply
 
Thread Tools Display Modes
Old Today, 09:13 (Ref:3978866)   #46
DiMaestro
Rookie
 
Join Date: May 2020
United States
Posts: 12
DiMaestro should be qualifying in the top 10 on the grid
Quote:
Originally Posted by peebee2 View Post
It was the secondary traders who lost out there, not the producers.

The producers problem is that now they’re aren’t selling much into the future.

So they have to reduce supply to maintain prices.

They do have reserves and have long been diversifying for the day their black gold finally loses its shine and we treat them like **** again.

I guess that's why a large percentage of the wells in my state are being closed? Reducing 'supply'. I'm not talking about supply on hand. Bahrain, like ND is a producer. If you can't pull the oil out and move it, where do you store it? How do you market it? You can't.


You have to shut down wells. Shutting down wells isn't easy, nor is it cheap. It's a monstrous cost that may actually cause the wells to produce less when they reopen.


That's kind of my point. Bahrain can no longer depend on oil income. So, where is their income going to come from? Aluminum strips? Like 5% of their total export?
DiMaestro is online now  
Quote
Reply

Bookmarks




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Will Bathurst get its funding ???? marcus Australasian Touring Cars. 12 18 Jan 2002 10:34


Powered by vBadvanced CMPS v3.2.3

All times are GMT. The time now is 11:18.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Original Website Copyright © 1998-2003 Craig Antil. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2004-2018 Royalridge Computing. All Rights Reserved.