2022/09/06 (063) Technical Analysis – UKOIL & UKOIL

The Fight Of The Oil Bulls/Bears For The 100 USD Continues, This Week
– Whether Green Taxes, Black Inflation, And/Or Geopolitics? Everything Matters!
We`ll Try Again A Short 4XSetUps Trading Capability in UKOIL This Week


Our Liberal Green Social Democratic Federal Government Is Fighting The Energy Crisis In My Home Country Germany With A 65 Billion Plan

Due to the high price pressure and the dramatic energy crisis, our coalition around Federal Chancellor Olaf Scholz announced a third relief package of 65 billion euros last Sunday, September 4th, 2022. The aim is to help millions of households who are suffering from the sharp rise in prices. Recently, gas and electricity prices had recovered somewhat, but the announcement on Friday that Gazprom would continue to suspend gas supplies through Nord Stream 1 raised fears of a severe winter here in my home country, just before one continued high inflation, but once again more than increased. Panic also reigns in government reporting. But at least our liberal green social democratic federal government is honest; and wants to become independent of the current Russian government. After war of aggression, on eastern Ukraine. I only hope that my conservative liberals also remain extremely disciplined – and above all civilized. An escalation, on our streets, to come to power, like the US Democrats, in the USA, with Sleepy Joe, and BLM, in the summer of 2020, i don’t need and don’t want to, in the fall of 2022!

I’m curious to see how this will pan out politically in my home country. Even, if we conservatives are currently leading in the polls. But don’t have a coalition partner! Whom too, after Merkel beheaded her political predecessor politically and since then had preferred a policy with the left-wing Protestant Greens that has led us to this political scenario; because we are currently in my home country of Germany. And admittedly, like Merkel, I too was one of those political observers who didn’t want to imagine that Russia, under Putin’s watch, uncivilized, would take Ukraine to uncivil court. Even war. In view of the steep price increases for electricity and gas, but also for everyday necessities, more and more households are currently slipping into a cost of living crisis. The German government has therefore decided on numerous measures to mitigate the consequences. The most important measures include an electricity price brake to curb the enormous increase in electricity prices. This is to be financed by limiting but also redistributing the huge profits of the energy companies. In addition, there will be higher payments to pensioners, students, parents and the unemployed.

Greedy Black And/Or Green Price Action Drivers – Oil Companies And/Or Green Tax Collectors

Again and again we experience, I experience, as last weekend, that our fuels, both diesel and petrol, are currently rising to astronomical heights due to the rise in crude oil prices. I still remember when I got my driving license for the first time, just over 10 years ago, in 2009. Also in the spring of 2011, when I, together with political green activists, made sure that there was a green prime minister for the first time, in my home state Baden-Würtenberg,here in my homeland Germany. And currently (in the meantime politically unfortunately) still exists. At that time, the price of oil was also well over USD 100 and diesel at the gas station cost a maximum of EUR 1.20 per liter. Always oscillated around EUR 1.10 – at the low even just EUR 1.00. And what happened to me on Saturday night!? The double?! I paid 2.24 EUR! With almost the same oil price on the market! And then it is said that the market, the private sector, is to blame? But is that true!? Without wanting to abolish the market and the state?!

As a learned student of Milton Friedman,
I would like to add 3 quotes to my commentary today on the current oil price: At first Inflation is always and everywhere a monetary phenomenon.” And or also 2nd “Inflation is caused by too much money chasing after too few goods.” Which is basically true. And add a third crucial 3rd quote: “Inflation is a tax that does not need to be passed by Parliament. The government’s solution to a problem is usually just as bad as the problem.” And also throw a few words about the facts I experienced on the table of political arguments. At that time, the price of oil cost more or less, on the market, the same! And today, as a consumer, as a taxpayer – who is not just me, who we all are, in every single country in the world – I pay twice as much at the gas station! Why? Right, political decisions! But which?

Personally, I lack the political intelligence to competently think the price determination through to the end at the gas station.
I hope there is a reader who can do better. And I publish his findings – with or without reference to the source (depending on your wishes).
Because we taxpayers and consumers are once again being kept from the actual truth, namely that questionable market mechanisms (financed with taxpayers’ money) that are consciously controlled by the large (black oil) corporations and tolerated by green politics are responsible for the price explosion. So most of the supposedly frugal, environmentally conscious and daydreaming buyers of electric cars will wake up to a price explosion (specifically for electricity for their new means of transport) more quickly than they would like. Like a green wanna be braggart from a Hollywood movie; outside his green room, from the studio! The alleged environmental protection through the new electrical marvels has already been refuted by many studies, especially since massive environmental sins and child labor are simply tolerated at the other end of the world, again in favor of powerful corporations.

Long story shortknowledge: left-wing green tax policy and/or black energy inflation is not worth it in our West!
At least not for us taxpayers and consumers! Our state is getting more and more indebted! (Green) taxes are going up, and/or (black) inflation also!
In our so-called West, we pay twice as much! While Saudi Aramco, the oil giant from Saudi Arabia, is now the most expensive company in the world. And with prices exploding on world markets, the Saudi Arabian oil giant Saudi Aramco has made a profit of $48.4 billion. The biggest win in human history; since companies published quaterly reports. And that is precisely thanks to us consumers and taxpayers, in our so-called West, due to political decisions. Saudi Aramco is meanwhile the world’s largest oil producer. Officially known as Saudi Arabian Oil Company, the company is primarily state-owned and is based in Dhahran, Saudi Arabia. And it is the world’s most profitable company, eclipsing even tech giants such as Apple (AAPL) and Alphabet’s Google (GOOGL). The world got a sneak peek of this long-secretive company’s financial snapshot after credit rating agencies released financial details about Saudi Aramco in April 2019 just before its debut international bond sale, which raised $12 billion. Saudi Aramco began attracting increased investor attention in 2016 when Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud announced plans to list 5% at a valuation of approximately $2 trillion in what became the largest initial public offering (IPO). Our Arabs declassify the US economically, under the clock of Sleepy Joe. Our Arabs declassify the US economically, under the clock of Sleepy Joe. And his us democrats policy, under the cloack of a liberal democracy! And that double – in both ways, my readers, all around the world! As capitalists; and or rather as Statesmen! Think about it? Even if, in our so-called West, nobody write about it publicly hardly.

“It follows from these theses that inflation is always and everywhere a monetary problem in the sense that it comes about and can come about exclusively through a faster expansion of the money supply compared to production.” With this quote, Milton Friedman countered a variety of arguments that said inflation was a result of cost pressures or increases in wages or the price of oil. Instead, inflation is always an effect of an excessive expansion of the money supply. But that is only partly true! It’s not just expanding the money supply! Rather, it is even more crucial the level of the key interest rate! Because cheap money – and if that goes to every incompetent private individual and/or rather politician – always leads to so-called inflation phenomens; much more so-called moral hazard, sooner or later, more or less! Just like in 2008, in the case of Lehmann Brothers, what may be most of my readers saw live back then!?

Brent Tumbles 3%

Brent crude futures dropped over 3% to below the $93 per barrel mark, closing in on its lowest level since February, as fears of a demand-sapping global recession continued to hang over the market. Renewed coronavirus-induced restrictions in top consumer China have exacerbated worries that sky-high inflation and tightening financial conditions will hit demand. The market movement came a day after OPEC+ agreed to cut production by 100,000 barrels a day from October, amounting to roughly 0.1% of global demand, to deal with such headwinds and counter a potential supply boost from Iran.