Are you trying to be funny ? There are such things included in this deal. Now go and check the price per barrel vs "market prices" in the deal signed by your beloved Platfuses 3 years ago. Ah and don't forget to quote a single oil sector expert, who says anything close to what you are polluting here. A friggin single one. 1.
It takes an oil sector expert to tell you the price of oil has gone down and is going down more?
Now now. Greggy is a PiS activist, which means that the only people he listens to are the ones that tell him that this deal was in the interests of Poland.
All the forecasts which are constantly being cut, is that?
We're seeing the insane situation that the Americans have more oil than they can even store, the Saudis are determined to hold onto their overproduction and Iran about to enter the market and analysts predicting oil at $20/bl - and yet PiS signed a very unfavourable deal that completely cuts out the need for oil to be obtained from anywhere else?
Yeah feck all the forecasts, oil futures and so on.
You mean forecast like these:
The Financial Times says Morgan Stanley has become the latest bank to predict prices would fall to $20, while Royal Bank of Scotland credit analysts capped an ultra-bearish forecast for markets with a call for a low of $16 - and Standard Chartered said the market could reach $10.
"We think prices could fall as low as $10 [a barrel] before most of the money managers in the market conceded that matters had gone too far," the bank said.
theweek
So, experts are expecting lows of $20 to $10 a barrel and the PISed-up regime just signed a deal to buy oil at a minimum price of $36. I wonder how many cans of VIP one needs before that seems like a good idea.
The downbeat outlook for the oil market is likely to stick over the next several years, Moody's said. It now sees Brent rising to $63 by about 2020 and WTI crude to $60, down from previous forecasts of $75 and $70, respectively.
It's a long term deal, not expectations of speculators for the next couple of weeks. Again, again and again, If that is such a terrible deal Poland is going to lose billions as you "experts" say, quote 1 friggin expert that criticize this very deal. 1 ! ONE !!!!!1111 Usually you are parroting propaganda of "democrats", EUnuchs etc. now you decided to be creative and came up with utter nonsense.
I wonder how many cans of VIP one needs before that seems like a good idea.
Who needs cans of VIP when you can just blatantly introduce all sorts of pro-Russia deals and fill positions of power with ex-PZPR members?
Watching Greggy defend this deal is hilarious, because it shows that he's also very much in favour of doing unfavourable deals with Russia at Poland's expense.
Seen the latest news? The EU will lift sanctions on Iran in the next few weeks, meaning even more oil on Poland's doorstep will become available at a very cheap price (as Iran need hard currency).
As I said before, with PKN Orlen signing a massively unfavourable deal with Russia and the Russians now controlling the refinery in Schwedt, it means that they've got a strangehold over fuel supplies in Poland. How could a government allegedly acting in the national interest allow such a situation to happen with oil prices so low?
I don't need to "defend" anything. It's just a good deal, you won't find a single expert that claims otherwise. Posting short term expectations of speculators in this case is like quoting old highlander's expectations regarding the weather next week in the discussion on the climate change. Ridiculous beyond any limits.
Crude-oil prices plunged more than 5% on Monday. Now trading is at near $30 a barrel, making light of bankruptcy ever more likely for a significant chunk of the U.S. oil industry. Have an idea what the trickle down effect will be on Poland ? Three major investment banks, Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc. now expect the price of oil to crash through the $30 threshold and into $20 territory in short order as a result of China's slowdown, the U.S. dollar's appreciation and the fact that drillers from Houston to Riyadh won't quit pumping despite the oil glut.
China is a major import of Russian oil and gas but with it's slow down they won't be using as much to pollute the world.
This will drive prices even lower. Like I said here last week, oil will stay low for the rest of this decade. Blame it all on the Chicoms.
Have an idea what the trickle down effect will be on Poland ?
Not much effect, unfortunately. The deal Poland signed means that there's no need to source oil from any other seller, and the Russians now control the refinery on the German border that supplies a huge amount to Western Poland. We're effectively forced to pay a minimum of $36/bl. regardless of what happens with the price.
and the fact that drillers from Houston to Riyadh won't quit pumping despite the oil glut.
I read somewhere that the Americans now have so much of the stuff that their storage facilities are full, companies are resorting to trying to hire in tankers for storage and that it's all contributing to the price crashing down.
Grzegorz_-tell me how come Orban managed to negociate with Russia, Germany did, France did, and all the fourth republic wants, is....WAAAAR. Even the war loving statesman General Piłsudski was never loud about his assumptions-from ****** stance, there were two options 10 years ago-go to war by ourselves(NATO is ONLY a defencepact) or go to war with NATO SOMEHOW backing us up- the result? Russia and many powerful Eastern nations vs NATO= WORLD WAR THREE
Let me explain to all of you who don`t understand.
Trick is that Poland and Russia recognize minimum to each others interests and that are in process two things avoided- humiliation of Poles/Russians and too much maneuverable space to western Europe for meddling between Poland and Russia.
Here, on scene coming Hungary and Serbia. These two countries are bridge that needs to provide conditions that cooperation between Poland and Russia flow no matter third factor. Poland don`t need to ask (and that way avoiding public humiliation) Russia publicly of anything and the opposite, Russia don`t need to ask Poland, in case that EU imposing pressure (example of sanctions). Serbia shall provide reserve routes from Poland to Russia and opposite. Hungary shall safeguard Poland from eventual EU sanctions. Both of these countries by their actions creates maneuverable space to Poland and Russia that they makes adequate political/economic moves no matter all western European actions.
Now, in case of Poland particularly, as public see, Hungary and Serbia doing some services to Poland and sooner or later would pressure of Polish public force Polish politics to align its politics with Hungary and Serbia. That way, it would appear that Poland follow Hungary and Serbia, while in reality, behind the scene, Hungary and Serbia just provide cover for Polish patriotic forces. It is actually Hungary and Poland that already aligned their politics with one future Poland, that would just come. So, Poland uses Hungary and Serbia as shield.
i clearly see how that functioning. This time, people, we are one step (at least) ahead of our foes. It is so because China emerged and multi-polar world. It disturbed balance of power in the world and west of Europe have problem to accommodate. What is also important, USA already care of her own interests (accepted multi-polar world- still not publicly), abandoning solidarity with western European.
I read somewhere that the Americans now have so much of the stuff that their storage facilities are full,
You read correctly and that is because when OPEC had a strangle hold on us with oil at $140 a barrel we decided it was time to become independent from them. So we did.
Now it is America's turn to start selling the OPEC countries fresh water at $140 a barrel. Just wait until we get a Republican president who will undo Obama's executive orders and order the Key Stone pipeline to be built. Oil will drop even more as Canada can sell it to the U.S.A. cheaper then it cost the U.S to extract it.
What do you think that is going to do to the valuation of the U.S.D. and how it will effect Poland's zloty down the road ?
A lot of oil companies will be forced into bankruptcy one would think.
Are you familiar with the idea of the EU buying gas collectively to avoid huge difference in price between member countries? No? Thought so. It was idea proposed by Poland when Poland were paying a lot while Germans were getting it at a bargain. Guess what happened. Germans objected and boycotted the project. That is what EU's version of Democracy looks like.
We're effectively forced to pay a minimum of $36/bl. regardless of what happens with the price.
Not true, this deal only covers 60% of supply and its fixed cost so as the prices goes up the Russians supply less oil. this could be a blessing or a curse. Does the price automatically go up regardless of the spot price? Or does it follow it up?
Three major investment banks, Morgan Stanley, Goldman Sachs Group Inc. and Citigroup
Check what these nasty banksters were "expecting" in the past. For instance oil going up to 300 when prices were at the peak. That's one of the methods to make money on naive individual "investors". In Saudi Arabia the costs to produce a barrel of oil is at $10-15 and that's by far the lowest in the world. Therefore oil simply can't go down to $10. Saudis are driving the prices down in order to push others off the market and then raise them up. They obviously don't do that as a charity.
There is a serious risk that the entire region will be drawn into a serious war, I mean the middle east, the price predictions for $10 oil are probably made with hope for peaceful developement in the region .
When PiS came to power, the Kremlin opened champagnes. They counted on Poland becoming alienated in the EU under PiS` rule. Yes, they got what they wanted - Poland has been marginalised. The Kremlin still hopes for more - Poland leaving the EU. There is such a risk, indeed, if PiS continues its crazy policy. Then, the Kremlin will hold a long cannon salute in the Red Square, like the one after Soviets conquered Berlin in 1945.
Look at the duo of political morons above. They still hasn't got their head around the fact that Poland's security is a NATO business. You should just keep your dumb gobs shut. You're embarrassing not only yourselves. I'm sure that many from those who bother to read PF just laugh themselves silly reading your mussing and ramblings about all things political.
What they write makes perfect sense. Poland's security depends on its' integration into the Western world, which rests on the two pillars Nato and EU. Weakening it has been one major Russian goal in order to increase Russian influencr in Eastern Europe. By underminig the EU, PiS is acting for the Kremlin.
They still hasn't got their head around the fact that Poland's security is a NATO business.
Hey, Mr Kremlin troll, how about your staunch belief in NATO when one day an American President, Trump or another crazy, decides the US withdraws from it due to high costs? Britain and France have nuclears, so they will defend themselves. They will also protect Germany for economic and political reasons. But Eastern Europe will be lost.
Isn`t it the reason you advocate leaving the EU claiming that NATO is enough? You fekking traitor.
By underminig the EU, PiS is acting for the Kremlin.
Just like Iron. He is a true Polish nationalist of Dmowski type, he hates Germany and prefers Russia. In result, he is doing his best to make Poland Kremlin`s ally again. He naively believes that in the alliance Poland will be an equal partner to Russia. Or worse, he agrees in advance that Poland will be Russian dominion.
Just like Iron. He is a true Polish nationalist of Dmowski type, he hates Germany and prefers Russia.
Funny that an expat likes him constantly advocates Poland to leave the EU. After all, he hasn't lived in Poland for a fecking lots of years, so why dare he voice his opinion on this? It's none of his business whether we who live in Poland want to stay or want to leave the EU.
If he prefers Russia, let him go there, stay there for the rest of his life, shut up his mouth and forget about Poland.
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