Larrry said:Speaking of Walmart, is there one in Valley County
Brad S said:Is there a bottom to this oil? Wish I was smart enough to get in front of this.
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 $$--kudos!
Larrry said:littlejoe said:Brad S said:Is there a bottom to this oil? Wish I was smart enough to get in front of this.
whatthehell,brad---a half dozen of the usual dopey remarks and one that actually sees a phenomenal opportunity to make a gob of $$--kudos!
Is that straightjacket hard to get off, must not be you always seem to escape
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.
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.
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.