3 oil price issues.

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salesrep

salesrep

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1. We got the speculators. I suppose that can be limited to a certain extent. But, they just go where the market lets them.
2. Demand. Busines is business and many overseas countries have a huge demand.
3. Supply
43.gif
Seems to me that if we opened up all the opportunies to obtain oil on our own soil or water, we'd lower foreign dependencies, create more supply, thus lowering costs. Big oil would make more money to fund more environmentally friendly energy sources, AND we would create a ton of new jobs which would fuel a stronger economy. I am all for the bald eagle and the view off the Montery peninsula, but our country has come to the point of having to grow up and realize that maybe the sea lion needs to take a back seat for a couple of years till we catch up and reframe.
 
3. It's like borrowing your way out of debt. You just put off the same situation to another day. Always with the notion that "they" will do something in the time gained.

Well, "they" didn't do anything in the past 100 years, I don't see why anything will change with a new 2 year window. "Before it's too late" (to afford you cheap) is long gone.
 
Originally Posted By: salesrep
"They" did not "have" do do anything for 100 years. Now we should feel forced to.


errrr....

Quote:
Big oil would make more money to fund more environmentally friendly energy sources, AND we would create a ton of new jobs which would fuel a stronger economy.


What have they done with all the money that they've made in the past 100 years? What makes you think that they're not even more aware of the situation ..and what compels them to be the solution? Making more oil available is the last thing that would cause a sinking sector to stop their traditional behaviors.
 
Tough call. I lean towards salesrep's ideas but at the same time, Garry is right and that all we are really doing is prolonging the inevitable.
 
The change is here. We will have greener alternatives in the next 10-20-30 years. We can either do it painfully or open up the treasure chest for a few years.
 
They aren't drilling in the leases they currently have. Why give them more leases? They have spots to drill, they are just using this opportunity to grab more.
 
Last edited:
Originally Posted By: salesrep

3. Supply
43.gif
Seems to me that if we opened up all the opportunies to obtain oil on our own soil.

When you find out where there is a meaningful supply..let the USGS ane DOE know where it is.
 
By Dale Crofts and Millie Munshi
June 25 (Bloomberg) -- Governments would be ``foolish'' to
limit participation in commodity markets and curb speculation
because prices are based on supply and demand, London Metal
Exchange Chief Executive Officer Martin Abbott said.
Rising demand from emerging markets and a lack of
investment by suppliers have created a ``structural change'' in
commodity markets, fueling higher prices, Abbott said yesterday
in an interview in New York. Increasing regulation to limit
speculative interest won't lower prices and may hamper the
market's role in price discovery, he said.
``There is in the commodity space as a whole something
going on which cannot be ascribed to simply hot money coming
through exchanges,'' said Abbott, who heads the world's largest
marketplace for copper, aluminum and other base metals. ``It
would be very foolish of any government to stifle participation
in markets.''
 
Originally Posted By: salesrep

3. Supply
43.gif
Seems to me that if we opened up all the opportunies to obtain oil on our own soil or water, we'd lower foreign dependencies, create more supply, thus lowering costs. Big oil would make more money to fund more environmentally friendly energy sources, AND we would create a ton of new jobs which would fuel a stronger economy. I am all for the bald eagle and the view off the Montery peninsula, but our country has come to the point of having to grow up and realize that maybe the sea lion needs to take a back seat for a couple of years till we catch up and reframe.


Number 3 is a fallacy. When you extract oil in the US, you will not affect the oil price much since you would be contributing to the world oil supply. There is no such thing as 'US oil market' - it's a global market. Why would an oil company sell their oil in the US if the price abroad is higher?
 
Originally Posted By: buster
By Dale Crofts and Millie Munshi
June 25 (Bloomberg) -- Governments would be ``foolish'' to
limit participation in commodity markets and curb speculation
because prices are based on supply and demand, London Metal
Exchange Chief Executive Officer Martin Abbott said.
Rising demand from emerging markets and a lack of
investment by suppliers have created a ``structural change'' in
commodity markets, fueling higher prices, Abbott said yesterday
in an interview in New York. Increasing regulation to limit
speculative interest won't lower prices and may hamper the
market's role in price discovery, he said.
``There is in the commodity space as a whole something
going on which cannot be ascribed to simply hot money coming
through exchanges,'' said Abbott, who heads the world's largest
marketplace for copper, aluminum and other base metals. ``It
would be very foolish of any government to stifle participation
in markets.''


Whether genuine or not: "Don't spoil the sharkfest. We've got more suckers to gather before the culling occurs".

Just like Jimmy Rogers with his "Now no one wins a trade war" propaganda. Meanwhile he's large on cheap yen waiting for the Japanese to start wiping their behinds with U$.


This type of "editorial" is a common element in a media "campaign". It directs opinion.
 
Originally Posted By: Al
Originally Posted By: salesrep

3. Supply
43.gif
Seems to me that if we opened up all the opportunies to obtain oil on our own soil.

When you find out where there is a meaningful supply..let the USGS ane DOE know where it is.


LOL.gif


CO oil shale will never happen. You think people on the coasts are resistant to drilling...don't even mention shale to the yuppies that rule western CO.
 
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Big Oil is beginning to price themselves out of business. I imagine there's some back room scientists going on like Gary Allan cooking up the next great energy source right now as we speak.
grin2.gif
 
Strength to weight ratio increases as you go smaller, because of the cube relation of volume and the square relation of cross section, with size. Volume leads to weight, whereas cross section leads to strength. That's why ants can lift 10x their own weight.
 
I think I recall reading that the Tesla electric car can go 0-60 in 4 seconds flat; that's extraordinary by today's standards. All we need to do is come up with a way to make the electric car have creature comforts like air conditioning and have a longer range.
 
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