User 130406

4 Comments

    • ON: Fri Dec 14th 20:25 PM
      Commented on:
      The Iranian 'War Premium' Vanishes from Crude Oil
      MLPs do not properly invest in their upstream assets because they shell out to much cash to investors. Any country that puts oil assets in MLP form will have declining production. We should have learned from the 80s.
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    • ON: Fri Dec 14th 20:20 PM
      Commented on:
      The Iranian 'War Premium' Vanishes from Crude Oil
      Liberals are bigger whores to the new ethanol businesses that some of them helped start. Hell, they are handing these businesses taxpayers money in order to make them profitable so they can get rich. Ethanol companies are some of the leading contributors in US politics among all industries because they realize they would not have a business if it wasn't for taxpayer subsidies given by the same liberals in congress. LOOK UP THE FACTS ethanol gives more cash to congress than oil and oil actually gives the government almost 1 dollar per gallon in taxes instead of stripping it away in subsidies. Everyone in our Congress is a whore that is how they got elected but Democrats are dangerous whores because ethanol can never replace oil and they know it yet they lie to the public so they can pay themselves with taxpayers money.
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    • ON: Fri Dec 14th 20:08 PM
      Commented on:
      The Iranian 'War Premium' Vanishes from Crude Oil
      The oil industry is a cyclical business, meaning they lost massive amounts of money during the 80s and 90s which is now being partially replaced in this decade. No one bitches and moans when gold prices rise because that is the nature of cyclical business, sometimes flush and sometimes bust. Taxing only makes the problems worse. The fact is that US oil production is declining while our demand is growing so we need high prices to lower demand. The liberal congress is proposing taxes that will only hurt the small independent oil companies that produce most US oil and natural gas, and these companies do not earn enough to grin and bear it like an Exxon or Chevron, they will go under like they did in the 80s and become forced to sell at extremely discounted prices to companies like Exxon and Chevron who will not put the time and energy into the small projects because they have bigger and more profitable projects. When oil prices reached record highs recently, we paid the same prices as a few months ago and those same "horrible" oil companies lost money in their refining businesses so we would not have drastic price increases or collapses, to keep things stable. And quite frankly, people have got used to it because oil prices are the one commodity that has not inflated throughout time. Prices now are still not as bad as during the oil crisises of the late 70s and early 1980. Also, this so called energy bill tried to cut off the most prospective areas of the US for natural gas development at a time when we are no longer able to supply our natural gas demand and must take in LNG imports. Natural Gas is a clean burning fuel. Yet, Democrats feel that ethanol is better even though the US people have to hand an extra 51 cents per gallon in subsidies,while paying more at the pump for less mileage while facing higher food prices caused by ethanols effects on the corn markets, which could cause famine and starvation among thousands of people who depend on our food exports. THAT IS DISGUSTING considering that there are people starving already everyday yet liberals would rather burn food in their engines then to export it to starving children overseas. Also, If liberals pull the US out of Iraq, Iran or Al Qaeda will take over the country eventually causing World War III at the sacrifice of millions of lives. I honestly wonder whether liberals care that their play for power in the US could eventually cause so much pain. Hell everyday Al Qaeda receives more reason to keep fighting everytime they watch our news. I know that liberals don't care that they could have contributed to the deaths of our soliders. They would rather fly a jet over to Venezuela to meet and greet with communists, while bashing Bush with their dictator, who makes money from selling our country overpriced oil. They are borderline traitors. I honestly hope that they pay for the pain they 've caused. Yet those same assholes come back to the US and make money off our people. If your communists, then why don 't you spread your money equally among the US Sean Penn or Barbara Baxter????????? Oh I forgot they are too busy using it to get power over our people and to buy everything they want. WELL seriously FUCK THEM VOTE REPUBLICAN
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    • ON: Fri Dec 14th 19:23 PM
      Commented on:
      Petrobras' Tupi Discovery Will Likely Be Profitable
      ExxonMobil actually had over 22.1 billion barrels of oil equivilent at year end 2006, not 13.3. Read the full Exxon annual report and not just the first 40 pages. The 13.3 bboe quoted earlier in the report is the reserves of their consolidated subsidiaries. They also have another 7.8 bboe in their unconsolidated subsidiaries such as Imperial Oil. All of those reserves are also 1p or proved, but Exxon also has an additional 800 mmboe of oil sands mining reserves that are not counted in the totals, which brings their overall proven reserves up to 22.9 bboe including oil sands. ExxonMobil has about 80 bboe of 2p reserves, which are the equivilence of the 5 to 8 bboe Tupi quote since proven reserves never end up equaling recoverable resources, which is part of the reason why everyone is always so worried about US reserves, now quoted at 21 bboe proven but have well over 50 bboe recoverable. Our US standards are rarely applied in any country overseas, including the UK where BP uses 5.6 to 1 as the natural gas equivilence to oil instead of the 6 to 1 standard in the US, so their reserves should not be considered as reliable as US reserves or the reserves of US companies. Honestly, I think Petrobras is overstating Tupi 's resource as well as their overall proven and probable reserves since the majority of their reserves are offshore which decline much faster than onshore fields. That is probably why they keep bidding in our Gulf of Mexico Deepwater bid rounds while pulling all the best leases out of the Brazilian bid rounds, while also giving unfair advantages to Petrobras even for the leases left over. We should stop letting them bid for US prospects until they do the same for our companies.
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