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Crude = $44.42

Traveler

Well-known member
Volt or Tesla anyone? The only electric vehicles we'll be seeing will be the ones carrying the 500 pounders around Walmart.
 

jigs

Well-known member
big mistake, imagine the money they could make on beer sales and the 3% cut from cashing welfare checks....
 

Larrry

Well-known member
The thing to remember on all markets, there is always something hidden around the corner to come up and bite you..always
 

littlejoe

Well-known member
Brad S said:
Is there a bottom to this oil? Wish I was smart enough to get in front of this.

whatthehell,brad---a half dozen of the usual dopey remarks and one that actually sees a phenomenal opportunity to make a gob of $$--kudos!
 

Larrry

Well-known member
littlejoe said:
Brad S said:
Is there a bottom to this oil? Wish I was smart enough to get in front of this.

whatthehell,brad---a half dozen of the usual dopey remarks and one that actually sees a phenomenal opportunity to make a gob of $$--kudos!

Is that straightjacket hard to get off, must not be you always seem to escape
 

littlejoe

Well-known member
Larrry said:
littlejoe said:
Brad S said:
Is there a bottom to this oil? Wish I was smart enough to get in front of this.

whatthehell,brad---a half dozen of the usual dopey remarks and one that actually sees a phenomenal opportunity to make a gob of $$--kudos!

Is that straightjacket hard to get off, must not be you always seem to escape

Well, if I did have it on, with my hands strapped behind my back--$$$--I'll tell ya' something--this is the neatest home run I've seen in yrs----a blind squirrel could find an acorn on this deal. And I'll bet you can't.
 

Larrry

Well-known member
littlejoe said:
Larrry said:
littlejoe said:
whatthehell,brad---a half dozen of the usual dopey remarks and one that actually sees a phenomenal opportunity to make a gob of $$--kudos!

Is that straightjacket hard to get off, must not be you always seem to escape

Well, if I did have it on, with my hands strapped behind my back--$$$--I'll tell ya' something--this is the neatest home run I've seen in yrs----a blind squirrel could find an acorn on this deal. And I'll bet you can't.

So you found obamas nuts, be careful ot will fight you for them
 

Brad S

Well-known member
I'm uncomfortable using the past 5 or 10 years oil markets as a guide for the next year or two. I think the psychology of oil has been permanently shifted - now the oil exporters are forced to produce " to lose the least." It reminds me of the days of $3.00 wheat where nobody could raise it for $3. , but farmers were forced to maximize production to minimize losses.

I've been looking at year out @ the money calls - both as an honest hedge against use and investment.
 

Brad S

Well-known member
Schlumberger reducing 9000 jobs.

http://www.marketwatch.com/story/schlumberger-takes-296-million-charge-for-9000-job-cuts-2015-01-15
 

Traveler

Well-known member
More EPA regulations should take care of low energy prices.

http://video.foxbusiness.com/v/3991032199001/obama-mocks-drilling-and-adds-more-regulations/?intcmp=obnetwork#sp=show-clips
 

Brad S

Well-known member
I read there is something like 27 tankers warehousing oil with no place to go. Lotsa money is being made taking delivery and holding for a month. Seems like this relative surplus might last awhile. I know with the Bakken/3 forks wells, the oil companies don't much like to shut them in as long as they're running well so production may continue even when new exploration and production are retarded.
 

hypocritexposer

Well-known member
For the USA's ability to run deficits and the petrodollar system, much higher oil prices were a major gain, not a loss, and this is almost surely still the perception of the Obama administration today.

In its first phase and last phase, the economic and political incentives for ensuring national access to oil supplies, and the existence of the petrodollar system as a monetary and finance tool - unrelated to the economy - worked better with higher oil prices. Today however, with the major and massive changes of oil resource availability revealed by the shale energy revolution, rising global oil production capabilities, stagnating oil demand, and rising renewable energy supplies in all major developed countries, and the constantly declining role of oil in the economy, the Petrodollar System's days are surely numbered, like the notion that $100-oil prices are "normal".

The impact of this will be massive.

http://www.zerohedge.com/news/2013-05-20/guest-post-coming-collapse-petrodollar-system
 

littlejoe

Well-known member
Brad S said:
I read there is something like 27 tankers warehousing oil with no place to go. Lotsa money is being made taking delivery and holding for a month. Seems like this relative surplus might last awhile. I know with the Bakken/3 forks wells, the oil companies don't much like to shut them in as long as they're running well so production may continue even when new exploration and production are retarded.

we're still working the 3 forks and lodgepole, backed of bakken
 
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