Cowpuncher said:
I own some Exxon Stock.
I own some Conoco-Phillips Stock.
I own some Valero Stock.
I own some Chevron Stock.
I own some BP Stock.
I own some Halliburton Stock.
I own some Schlumberger Stock.
I bought these while Obama was president because he doesn't have a clue about energy or economics.
By the way, I have made more money off my oil stocks than I will ever pay in fuel costs.
I spent over 25 years in the international oil business and I always amazed how liberals look at the oil business - or any business.
But, mostly I don't agrue with them anymore!!
valero is a good stock, i highly recommend apache as well, some others you have look good too.
I also worked in the oil field for over a decade for the same outfit building everything from that little pumping unit, to work over rigs on wheels, to crown blocks, swivel blocks, hook blocks, to huge sub-structures for the North Sea i.e. DNV stuff, 4950 rotary tables, to triplex FB1600, 1,000 mud pumps, to duplex DB700 mud pumps, to c-4 drawworks, to c-3 drawworks, machined them and inspected them all. I must say my favorite to machine was either the FB 1600, 1000 triplex pumps crank shaft on big old GL CNC VTL or the valve guides on 10hs centering machine, or maybe threading some of the pot covers or thread rings, big old pinion shafts, ring gear, turning, threading, deep holing, on lathe. man i loved that work. i still dream about it sometimes. sent out mub pumps in 1980, when things were rolling, we sent them out, paint still wet on top of trucks, we called it road drying, they were in such demand. then the bottom fell out in 1981, they shut our vendors down all over the country, sometimes stopping machining right in the middle of a thread. a few of us had to go up and inspect all this stuff, make sure we could pick up where they left off, and save the part, or not, and then bring it all home. sorry, this just brought back some good old memories.
my point I was tying to get too is, not that it really matters here on this board, but what strikes me funny when folks are crying about the gas today, crying about no drilling and such, and the fact they are wanting to 'drill baby drill', is the fact that's exactly what they have been doing. the rig count today is highest it has been in some time for North America. now I know this does not mean three beans to you rebublicans screaming about 'drill baby drill'. facts never mean much to you. but the facts speak for themselves. I also remember back then, when the gas prices skyrocketed over Libya and oil, gas lines, remember that, well I am here to tell you we had more oil back then than we could have ever used. the tankers were lined up outside the Galveston ship channel in the Gulf of Mexico. the same thing is getting ready to happen again with Iran this time. I think I am going to gas up my cans next week with some fresh gas for the summer i.e. yard, hurricanes, generator, drought and grid shut down etc. ...just saying.
North American Rotary Rig Counts
The U.S. rotary rig count was up 5 at 1,994 for the week of February 17, 2012. It is 281 rigs (16.4%) higher than last year.
The number of rotary rigs drilling for oil was up 9 at 1,272. There are 474 more rigs targeting oil than last year.
Rigs drilling for oil represent 63.8% percent of all drilling activity which is the highest percentage since 1998.
http://www.wtrg.com/rotaryrigs.html#Weekly
see 1999 rig count at 928 ;
http://files.shareholder.com/downloads/BHI/1711650069x0x263786/0CE8F709-6541-4973-8E94-B800A2D93ACD/1999.pdf
:tiphat: :wave: