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New article
http://bit.ly/2iP5Zd on SEC rules effective Jan 2010 changing definition of oil reserves
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Freezing cold and snowing in Copenhagen, great venue for global warming hooey.
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Raising my oil price outlook to $70-$75 on rising production cost, dollar weakness.
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Questions about Tupi
EWT first oil: flow rate only 2000 bpd? Why did the well fail in September? Was it reworked, reperfed?
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PBR announced it is refining the first shipment of oil from Tupi,
API 26 sweet.
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Conoco to sell refineries and gas fields, scale back capex. [Bloomberg]
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McDonnell Douglas was awarded a $51.9 million contract to provide "Massive Penetrator Ordnance Integration" on
B-2 aircraft. [ABC News]
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NASA to bomb Moon on Friday.
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Skeptical of $3 bil Exxon acquisition of Kosmos stake in Ghana Jubilee field, paying too much for small share of an undeveloped risky play
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Buy recommendation Enbridge ENBR on new pipeline deal in deepwater Gulf.
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Worldwide oil & gas reserves replacement fell to 88% of production in 2008, despite record high investment.
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Sold gold bullion at $1010, will buy again at $850 next year.
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Marcellus shale operator shut down by Penn Dept Envir Protection for frac spills, dead fish and wildlife.
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Anadarko drilling BM-
C-30, outcome will confirm or smash Santos pre-salt reserves.
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Chatter at Rigzone that Brazilian Govt will inject $20-40 billion in Petrobras, boost its common voting share to 70%
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T. Boone Pickens sees price of oil rising to $75 by the end of this year, $85 next year. My call is $65 in 2010 on low demand, more supply.
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SA under attack !! Cetin seeded his inane spam comments with a worm virus !! Do not click on any of Cetin's links !!
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Glenn Beck made an off-the-wall remark about US oil reserves. I'll have to write an article on 'probablistic' i.e. nonexistent resources.
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Bought more Nov Boeing puts $35 strike
