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.

Forget the 1930s; We're Reliving 1975 (Part II)

Ferdinand:
I suppose those "pesky" Presidential approval ratings which have plummeted from 63% in March to 42% this month are meaningless. No, what's really going on is that most peole have figured out correctly that the "Great Zero" is clueless whne it comes to managing anything. How could it be otherwise? We have basicaly elected a politician with ZERO economic experience, ZERO management experience, and ZERO foreign policy experience. Expecting him to succeed is an exercise in futility.


On Jul 28 09:12 AM Ferdinand E. Banks wrote:

> If what you say is true, and it might be true, then there is no -
> what you call - "bad news". It's roses all the way.
>
> Sorry folks who had hoped to see Mr O. and his government fall on
> their face, and there are plenty of those in this site.

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.

Oil: The Inconvenient Truth

Fitz:
Agree with you 100% about how undervalued the oil majors are. STO at $27 is indeed ludicrous. We are talking about one of the largest oil cos in the world backed by significant Govt of Norway holdings. When we see a company like DVN trading at a price/cash flow of 5 (The S&P avg is 12.3) growing their earnings at 30-40% annually you know that traders have lost their minds. I don't know what to think but the cynical side of me is starting to believe we are seeing manipulation ahead of the November elections. It was not too long ago (summer of 2006) where we saw oil prices taken down by some curious moves by investment banks (Goldman Sachs re-weighting of its commodity index). Why would they do that 3 months before a mjaor election? It was no accident. This time we are seeing a repeat performance with an orchestrated attack on oil prices so November voters see some relief at the pump before going to the polls. All of this must drive the oil cos crazy because it has nothing to do with fundamentals and makes their operational planning that much more difficult. Anyway you look at it, energy stocks are extremely cheap and undervalued right now.

Yank

Nationalizing Oil: Well-Intentioned, But Wrong

Agree with most comments. What's really pathetic is politicians like Dick Durbin sanctomoniously trying to put the big bad oil cos on a guilt trip with his irrelevant and idiotic question, "Don't you care what you are doing to the American people?" No, Sen. Durbin. When trying to fix blame for this fiasco you don't have to look any further than your own mirror. It is YOU and your idiotic colleagues on Capitol Hill that has caused this mess. Not the oil companies. Not the speculators. Not the hedge funds. You and your incompetent legislators that now enjoy the lowest approval rating in Congressional recordkeeping history.