Total SA (TOT)

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  • commenter
    surgcare
    May 23 01:43 PM
    America's Energy Policy: Coming to Terms with Reality [view article]
    Excellent article which is right on . Panskeptic is a perfect example of the idiocy of the democratic left .A total and complete lack of the intellectual capacity to understand facts and analyse them appropriately . The price of oil and gas is going up because of the democrats and they are relying on this subterfuge to fool people like Panskeptic into keeping them in office which will cause even higher cost . People won't be satisfied until the oil companies are destroyed (just like the steel ,auto and pharmacueticals ) .If you think this is going to bring down the price of gas you're an #@&%*&. Reply
  • commenter
    Global
    Warming
    Examiner
    May 23 12:33 PM
    My Website
    America's Energy Policy: Coming to Terms with Reality [view article]
    It really is about supply and demand. The politicians just don't get how badly they are hurting our economy. For example, did you know that spending $1 trillion in Iraq is destroying our economy. We could do better spending that money at home. But, we can't drill in ANWR! That's a financial loss of $1.4 trillion that goes to our 'friends' in OPEC. Part of the reason that oil prices are so high is because the value of the dollar is falling. That hurts everyone in the country, not just because gasoline is more expensive, but because the buying power of the dollar is falling. Food is more expensive.

    Companies like Exxon are slowly going out of business because they can't replace their reserves as fast as they are depleting them. They produce 2.5 million barrels per day. Were do these people in congress expect us to buy our oil? Some of these people think the solution is a windfall profits tax! How much new oil is that going to produce? How much money do they expect to collect from the tax? I guess to be 'fair' you have to make everyone equally poor and miserable.     Reply
  • commenter
    jai hanuman
    May 23 12:31 PM
    America's Energy Policy: Coming to Terms with Reality [view article]
    1. too much demand.

    2. too much loose money.

    3. growth is far more important politically than inflation. corollary - shortage of natural resources, first leading to dramatic price rises, then political disturbances, then wars over resources.

    1 and 2 are related, btw.     Reply
  • commenter
    jai hanuman
    May 23 12:28 PM
    America's Energy Policy: Coming to Terms with Reality [view article]
    there are two main reasons for the oil/commodity explosion:

    1. too much demand. resources are finite (yes, sorry to tell you that). now get used to it. stop wasting them and use them wisely. that means smaller cars and public transport, too.

    2. too much one way leverage in the futures markets. the commodity markets have finally figured out that growth trumps inflation in the Fed's dual mandate. Since the Fed will pump growth under any circumstance, inflation is bound to rise. The easiest way to profit from that is hard assets. Hence the one way tickets in the futures markets.
    Another way of looking at this is that the Fed will not take away the punch bowl. That job will now be done by the commodity traders.

    3. Too much money around with not enough productive investment to chase (a quaint idea anyway in Greenspan/Bernanke Fed whose main mandate has moved on to supporting investment bank bonuses).     Reply
  • commenter
    phillips49
    May 23 12:02 PM
    America's Energy Policy: Coming to Terms with Reality [view article]
    It seems that we (Americans) are in a state of denial. Until we stop looking for the "great conspiracy" and admit there really is a fundamental problem, we won't start to solve the issues in front of us. We (Americans) aren't the only ones pay high prices. It's global!..global! There are those in the world who can afford it less than we can, but are having to pay the price. The blame/shame game will not solve the problem. That game is only smoke and mirrors and delays action that would fix the problem.
    When supply and demand for a basic neccessity are roughly in balance, it doesn't take much tweaking to control price. OPEC is a business, not a charity folks!. They don't have to turn up the taps, just because we whine. They don't owe us any more than what we pay for. I actually felt bad for the guys that had to put up with the humiliation in front of Congress. The Congress thing was just for show. It was a feel good thing. It changes nothing. We really ought to listen to what those execs said about what we have placed off limits in our own country. It going to take everything we've got to get out of this mess. Oil, natural gas, wind, hydro, solar, nuclear, fuel efficient fleet, hybrids. All of the above. We've got the know how and the resources. Now, if we can just get the will. But until we admit there is a problem, we can not solve it.     Reply
  • commenter
    Richard
    Schweitzer
    May 23 11:52 AM
    Under The Radar News - Thursday [view article]
    C'mon, if you're going to paraphrase Bill Gross, do so with more care. Here is what he wrote:

    "What are the investment ramifications? With global headline inflation now at 7% there is a need for new global investment solutions, a role that PIMCO is more than willing (and able) to provide. In this role we would suggest: 1) Treasury bonds are obviously not to be favored because of their negative (unreal) real yields. 2) U.S. TIPS, while affording headline CPI protection, risk the delusion of an artificially low inflation number as well. 3) On the other hand, commodity-based assets as well as foreign equities whose P/Es are better grounded with local CPI and nominal bond yield comparisons should be excellent candidates. 4) These assets should in turn be denominated in currencies that demonstrate authentic real growth and inflation rates, that while high, at least are credible. 5) Developing, BRIC-like economies are obvious choices for investment dollars."

    Note what he really said about TIPS.

    Redo that please.     Reply
  • commenter
    WayneS
    May 23 10:44 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    Representative Maxine Waters, Democrat of California, let the cat out of the bag. Congress wants to emulate OPEC and nationalize US oil companies. As it is, our government is no more trustworthy than Chavez and dozens of other dictators. Now they want to steal my retirement money just as I retire. Reply
  • commenter
    mixter
    May 23 10:29 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    The more "evil" profits the oil companies make, the more incentive there is for them to produce more oil. Also, others will invest where there is money to be made. For all of you "Dim-wit-O-crats&... this is know as capitalism, or a free market economy!

    More oil being produced will ultimately result in oil prices going down.

    Duh!
    Reply
  • commenter
    Mmarrkk
    May 23 10:16 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    Remember a few months back when the Congressional elections were going on. We kept hearing about how poor Congress was doing under their then leadership (GOP) and how we needed to elect new leaders (Dem's). Well you guys did (can't blame me as I would never ever vote Dem again) and the Dems are now in full control of both houses of Congress. So, where is all that leadership? Where are all those solutions we were promised? Why aren't the Dem leaders doing something?? Have they passed anything that has come close to solving a problem?? Other than bills that just throw more money at problems that haven't been solved by the first trillion dollars already wasted?

    Regardless of the letter behind the name, either R or D, they are all clueless fools in Congress and we are clueless fools because we keep electing them! And now, our president will be one of the clueless fools from Congress! Great work everyone. Keep those votes coming! Maybe there should be limits on voting...like a basic education or being a tax payer.     Reply
  • commenter
    Brian
    Pursley
    May 23 09:43 AM
    My Website
    America's Energy Policy: Coming to Terms with Reality [view article]
    According to Democrat Party Communists, 10% profit margins for Big Oil are too high but 33% tax profit margins for Big Government are too low. Reply
  • commenter
    buyitcheap
    May 23 09:29 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    User, you're right on - ironically we can convert vehicles to LNG for about $1k a car and that is substantially cheaper than gas, and we have a ton ofit- we'd cut of emissions by more than half from cars if we did that, while working on longer term solutions, like electric cars. Reply
  • commenter
    dtg
    May 23 09:28 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    When you read these articles you ask "who are the idiots that elect these moronic senators?".- Answer, Panskeptic...a typical liberal that can't stay on point when it comes to an argument. Bear Sterns? Reply
  • commenter
    User 176170
    May 23 09:24 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    Picerno is dead on. These congressional hearings have been going on since the 1970s energy "crises"--ev... time gasoline prices spike--and have produce nothing but hot air. If the public is so stupid not to see the contradiction between a senator trying to jawbone down gasoline prices while at the same time advocating and voting to subsidize higher priced alternatives, then we deserve to go to H...in a Handbasket. Ethanol is a farm program, not an energy program, and will never be more than a gasoline additive. It will always be more expensive than gasoline. Reply
  • commenter
    theinvesting
    speculator
    May 23 09:21 AM
    My Website
    America's Energy Policy: Coming to Terms with Reality [view article]
    The US has huge inflation from oil and other places. I write about it today:
    theinvestingspeculator...     Reply
  • commenter
    John Armesto
    May 23 09:10 AM
    America's Energy Policy: Coming to Terms with Reality [view article]
    Finally the Anerican people are seeing that the Democratic congress which is taking orders from politically correct fanatical environmental groups is at the crux of the problem. Thank God for elections this year.
    I bet if you followed the money funding our continued congressional dependence on foreign oil you would find the source is OPEC.     Reply
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