yank

Crude Oil and Gasoline Prices: Like Déjà Vu All Over Again

Dream on. And one other thing. It is NOT correct what you said about gasoline demand going down. In the past two months gasoline demand has INCREASED considerably over year-ago levels. Hoping for lower oil prices does not make it so. And the USD will continue to head lower.

Is There Enough Natural Gas?

Please provide solid proof that the Bush Admin was "anti-science". And leave out all the global warming garbage which thousands of reputable scientists still dispute. The Obama Admin is a complete disastewr whethe rits econ policy, scientific, or otherwise. We may not survive as a country until 2012. The Great "O" is a charlatan. A fraud, plain and simple. If you can't see that you are a moron.


On Apr 27 10:33 AM charliezap wrote:

> Comments from the top of my head, which could be disproved by research
> or facts.
>
> 1. I don't think that Big Oil is much interested in looking for oil
> onshore the lower 48 any more. Their main interest within the US
> is potential fields offshore or in Alaska. Virtually all of the smaller
> E & P companies are already focused on gas.
>
> 2. There's lots of gas out there. The issue is cost. You have to
> go deeper, into deeper water, or use new technology fracturing to
> get it out of the shale formations.
>
> 3. Let the market decide, yes, but we do need tax incentives and/or
> disincentives to steer usage away from energy sources that pollute,
> contribute to global warming, or lack security of supply. A carbon
> tax (or cap and trade) would solve a lot of problems. A) It would
> encourage conservation in the use of transportation fuels, B) it
> would push more power plants toward natural gas, C) it would reduce
> carbon dioxide emissions, D) it would push demand toward domestic
> natural gas and other domestic sources (including wind and solar),
> and would reduce reliance on imported oil, including from countries
> such as Venezuela, Nigeria, and Saudi Arabia, E) it would improve
> the US trade balance, and, F) it would reduce the US federal budget
> deficit.
>
> 4. SemiFinal Comments: I don't think it is feasible to switch over
> to natural gas in the time frame proposed. It would take enormous
> amounts of capital for drilling and infra-structure. And there are
> so-called "environmentalists" who oppose everything that does not
> conform to their "ideal". Environmental opposition will slow down
> any solution.
>
> Final Comment: I don't see any point if firing Chu. I think the Obama
> administration has as good a grasp of the situation as any administration
> could. In fact, they will push science as part of the solution, in
> contrast to the prior administration, who were anti-science.

The Slippery Slope of Declining Petrochemical Demand

over 85% of the total products manufactured in the world are petroleum-based. So much for your comment that oil will go the way of the dinosaur. Some advice for you. Think before you speak.


On Apr 08 10:00 AM The Greatest Rip Off of our Time wrote:

> Oil needs to go the way of the dinosaur, it is a relic fossil of
> the past. New alternative fuels and energy sources are becoming more
> readily and affordable everyday and will replace oil as our energy
> source if we are smart as a species.

Crudomania Is Over

If we ever hit $9/bbl you can "turn the lights out" on the global economy. At $9 NO oil production makes any sense whatsoever. So if you were surprised to see the oilsands come to a screeching halt at $35, you ain't seen nothing yet. $9 is a sheer fantasy number and if it happens we will all be living in a cave somewhere.


On Jan 06 10:30 AM 1977°C wrote:

> I agree only with 10-20$ Oil as 40-75$ that you project seems weird
> long term.You all forgot that in 1997 Oil was 10-15$ and nobody cared,
> then in 2008 many WORLD'S TOP ANALYST were predicting 250$ in a matter
> of days and we all witnessed where it all finished, sorry, it is
> not over yet.
> I promise all of you, that till 2015 we will hit 9$ a barrell. <br/>Yeah,
> Oil is now 50$ and I make money both buying/selling it day by day,
> but I would never buy December 2017 Crude Oil at 80$, the market
> traders of all kind predict such a price for 2017 and I have no idea
> how they come into this 60% above now price call, but may I remind
> you that in 1999 longest dated futures then for December 2008 were
> tading, well at around 20-25$.

OPEC and Production Cuts: Why Now's the Time to Buy

""Valuations might get better"-
You have to be kidding right? RIG, NOV, and others are trading at P/Es of 3 or 4, with a PEG ratio of 0.3 It doesn't get any cheaper than that. Basically, these cos are being valued at $15 oil. As you say that will never happen. Yes sentiment is poor. But much of that is tied to the strong US dollar (USD). I cannot see the current rally in the USD as being sustainable. When it cracks oil prices will adjust upward.

What's Oil's Future?

Ridiculous assessment. "There might be a better time to buy oil companies". When exactly ? When their p/e is at ZERO? You have profit machines like OXY, CVX, and DVN trading at p/e's of 3. Are you kidding me? These companies are growing EPS 30-35% per year and trading with a PEG as low as 0.3 AS Peter Lynch often said, it doesn't get any better than that. Any company growing earnings trading with a PEG below 0.5 is a "steal". Waiting for a better entry into energy companies is foolhardy indeed.