Mmarrkk

Total Rating:
+3 / -2

257 Comments

    • Fri Jul 11th 11:34 AM | Rating: 0 0
      Commented on:
      Not Calling Crude Oil Prices a Bubble For Now
      I love the idea of using nat gas for autos. HOWEVER, our supply of nat gas is not as unlimited as you seem to indicate. We IMPORT a lot of nat gas from Canada and used to from LNG. However, since the price of nat gas in the Far East is much more than here, almost all of the LNG has been diverted. That supply is growing too, but so is demand for Nat gas. With all of the drilling that's going on, we are still well behind last year in terms of nat gas storage. And, all of the new shale plays have wells that come on like gang busters but by the end of the first year, are producing only 30% of what they originally produced. So, its a treadmill that eventually will run out.

      Also, as we use more nat gas for transport, our electric bills will start to rise as it is a huge source of incremental power fuel. In fact, this winter the "big news flash" will be how "outrageous" our utility bills are. We are putting gas in storage this summer at $12-13/mmBTU. Last year we were putting it in at $7-8. Guess what's going to happen to home heating bills this winter???? When grandma's gas bill doubles, the Dem's will be screaming again!

      Again, I love the idea of nat gas; I'm a big investor in many companies focusing on nat gas. But it will not be a single solution to our problem.
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    • Thu Jul 10th 09:56 AM | Rating: 0 0
      Commented on:
      Does Big Oil's Apathy Justify Proposals to Tax Windfall Profits?
      You have berated Big Oil for "reducing" their capital investment in E&P. Is it really a reduction as in less dollars spent or is it a Democratic Party "reduction" where the rate of increase was held back? Generally, investment dollars have been increasing, so saying its decreasing isn't real. As a percentage of revenue, maybe it is declining but not in real terms.

      Now, why is it that Big Oil isn't running out to increase investment? Two reasons: lack of good places to spend where the rate of return AFTER RISK is appropriate. And second, WALL STREET ANALysts have been harping on them to show "capital discipline". If Big Oil would go out and double their capital spends on Exploration, they would be crucified by the financial geniuses we call ANALysts. That is a fact. Listen to the comments after each conference call and you will hear these youngsters talk about "disciplined capital expenditures" or "overweighted explorations spending".
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    • Thu Jul 10th 09:51 AM | Rating: 0 0
      Commented on:
      Does Big Oil's Apathy Justify Proposals to Tax Windfall Profits?
      I will believe PBR's newest production start dates for these fields when I see oil flowing. Their 2-year projection is earth shattering, IF it happens. I would be willing to bet $100 that it doesn't occur for at least 3 years and possibly 4. Tupi is world class but has world class technology issues to overcome before it puts oil in the tank.
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    • Wed Jul 9th 10:02 AM | Rating: 0 0
      Commented on:
      Exxon Mobil: An Unwise Investment For Now
      Jack: I guess spending over $3 billion cleaning up the mess wasn't enough? Or, do you disagree with a company utilizing its constitutional right to appeal a punitive damage award which is not even tied to reality? The courts agreed with Exxon; the award was not constitutional. But I guess the courts weren't designed for Exxon?
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    • Tue Jul 8th 12:35 PM | Rating: 0 0
      Commented on:
      Can Big Oil Balance Shareholder Interest Against National Interest?
      I agree with most of the previous posters. A "free market" man you are most definetly not!! Socialist? Check. YOu and your buddy Obamama Mama should get together and have drinks!

      Big Oil has reduced spending for lots of good reasons, the primary one being the lack of good, profitable opportunities!! When given access, they are quick to dump billions into the chase. Just look at the last Deepwater GOM lease sale and the Alaska Chukchi Sea lease sale. Billions of dollars were paid just to have the opportunity to spend billions more on exploration. If California, the East Coast or ANWAR were ever opened, you'd see a similar feeding frenzy. Billions upon billions would be spent. Big Oil has armies of people working to get access to good opportunities around the world. These are profitable oil accumalations that BIG OIL is pursuing.

      In the US, unfortunately, those big profitable accumalations are generally off limits. Yes, there are lots of acres available but not drilled. But generally, these are just not that attractive, even at today's prices. That's why we are out chasing other plays in 3rd world countries!

      68% of the oil produced in this country is produced by smaller companies, not Big OIL. As a shareholder, I want these companies to deliver a sustainable profit and to pass on any cost or tax to the end user. So you and your Demoncratic Socialist Republic friends in Congress need to realize that taxes are costs and they are paid by people, not companies.
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    • Mon Jul 7th 14:24 PM | Rating: 0 0
      Commented on:
      The After Hours Oil Scam
      Why close afterhours trading? What is so special about the arbitrary time periods when one floor is open? Why not make everything 24 hours a day? And since when were we allowed to make laws that govern the actions of other people in other countries?

      Like the looney tunes idea of prosecuting OPEC for price fixing because it is against the law in the US? Guess what, they don't live in or trade in the US. We go to them to buy oil. So we have to abide by their rules. They don't have a price fixing law, so don't see where you have much of a case. I may not like it, but that's reality.

      But if you like, someone in Saudi Arabia said they don't like Phil's shirt. Their law is that you can't wear that shirt. So, Phil is being sued to not wear that shirt in a country where he doesn't live or buys shirts. Make sense? Of course not and so does prosecuting OPEC.

      And for all the whiners complaining that OPEC won't produce more oil, Mr. Kettle, meet Mr. Pot. We arbitrarily block off large portions of our country from exploration and development but want other countries to produce more. How hypocritical.
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    • Mon Jul 7th 09:22 AM | Rating: 0 0
      Commented on:
      Fishing for an Answer: Energy, Energy, Energy
      Fitz: I agree with some of your theory and a good portion of your energy policy. However, you and I are on different planets when it comes to tax policy and the whole "ye who has a bunch should pay more" stuff! And in case you haven't noticed, the Dem's have been in charge of the House for going on 2 years now, so your blame of the Republicans is a bit off. Yes they have spent too much. But in many cases they have had to modify policies and plans to get Democrats on board. And they have a few "Repub's" that are more like you...liberals like Olympia Snowe and her ilk who really should just change parties. Since the Dem's have been in power in the House for almost 2 years, I'm still waiting to see something/anything they have done! Of course, I'm really really glad they haven't gotten anything done because everything they talk about is a disaster for the country and for me.

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    • Wed Jul 2nd 15:46 PM | Rating: 0 0
      Commented on:
      We Can Lower Gas Prices Now If We Drill, Drill, Drill
      First: most folks working on drilling rigs or in the oil and gas industry aren't unionized...thank the Lord!! If they were unionized we'd be paying $10/gallon. Just ask the carmakers and the airlines. Bloated benefits, inefficiency rewarded with guaranteed pay increases, etc etc. Just what the oil industry does not need.

      Yeah, there are some unions in the drilling side but not many.
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    • Fri Jun 27th 16:20 PM | Rating: 0 0
      Commented on:
      Congress’ Love Affair with Convenient Solutions
      Paulk8756: glad to see someone thinking straight!! In the meantime, watch out for those predatory car salesmen! They may force you to buy a car you can't afford! They are always advertising on the TV and newpaper about how cheap the deals are. And then whammo! The monthly payment comes due! Man, they are predatory and there ought to be a government group to bail us out of that too! If not, all of our cars will go down in value and the inner cities will collapse and it will be Bush's fault!! At least that's the "logic" I'm hearing from the nannies!!
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    • Fri Jun 27th 12:42 PM | Rating: 0 0
      Commented on:
      Congress’ Love Affair with Convenient Solutions
      Further to your logic Jack, should we outlaw all credit cards? Because some "dunce" might apply for a card, spend $10,000 on the card and then not have the money to pay off the card or the 18% interest charged. Even though when they signed up for the card, they were told they would have to pay 18% interest. Really no different from the home loan debacle. But wait, I guess we should have to help these mental giants pay off their credit cards too because George Bush made them charge on the card.

      Based on this bail out, I think I'm going to buy a $2,000,000 home and then realize in a few months that damn, I can't make the payments. Then I'll let the government come in and bail me out. Get to live in a mansion for a few months rent free. Yee haw. What next? A Cadillac for free? Free handouts for all. Free healthcare, free college, free food!!!! I'm starting to feel like a Democrat again!!
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    • Fri Jun 27th 12:37 PM | Rating: 0 0
      Commented on:
      Congress’ Love Affair with Convenient Solutions
      Jack: yeah, I guess you're right. Blame everyone BUT THE PERSON WHO SIGNED ON THE DOTTED LINE FOR THE LOAN!! What a joke. Why can't anyone take responsibility for their own action?? Predatory lending??? Did that involve a gun to the head? Or did it just involve stupid people?? Maybe there should be an IQ test before allowing someone to enter into debt???? No matter what you say, in the end it comes down to the person making the loan and buying the house. How you work GW into this, I'm not sure other than you guys find a way to blame everything on him.

      When signing for a loan, there is a nice little form that lines out what your payments will be for the worse case scenario. Its mandatory for all ARM's. Why can't the stupid people look at that form and say, "Gosh, my payments can go from $400/month to $1000 per month in 3 years and you know, I can't afford that!". Is it too difficult to understand? Is that the problem? Are you telling me that the average American is just too stupid to be trusted to make financial decisions on their own??????? I'm not sure what worries/sickens me more: having to pay for this crap or you and your like's overall disbelief in American's basic ability to think.
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    • Fri Jun 27th 10:38 AM | Rating: 0 0
      Commented on:
      Congress’ Love Affair with Convenient Solutions
      Ronmac: you forgot one more - drill more, produce more and prices will drop! Third leg of the stool. We need to do all 3 in the short term, even though the first 2 will have more immediate impact. Over time our ability to come up with alternative fuels will reduce demand as well. For now, the high prices are putting a dent in demand, but not enough to bring prices down to where everyone wants them. But at $140/barrel and $4/gallon, lots of alternative fuels will be attractive IF we can get them to a market (cars to burn it, stations to distribute, etc.)
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    • Fri Jun 27th 09:31 AM | Rating: 0 0
      Commented on:
      Congress’ Love Affair with Convenient Solutions
      Don't you just love our nanny gov't?? Idiots go out and buy a house that they can't afford and get a mortgage they can't afford. Then when they can't pay the bills, the waaaaa waaaa to the government and WE, the taxpayers, the ones who actually pay their bills, have to go in and help them out. This is sickening. The overwhelming majority of people who are "in trouble" shouldn't be in the homes they are close to losing. They shouldn't have been allowed to buy the house as they couldn't afford it. And they've only been in the house a year or two. So, losing their home isn't that big of a deal. Next time, they will listen when someone tells them that an "ADJUSTABLE RATE LOAN" adjusts!! wow...what a concept! And these people are allowed to reproduce, too! So now, I guess I'll have to get my checkbook out and write checks to cover other people's mortgages...here IRS...take all my money. Thanks Nancy Puhhhllleeeasss-OSI. You make me sick.
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    • Thu Jun 26th 09:40 AM | Rating: 0 0
      Commented on:
      Solution to the Global Petroleum Crisis
      tax tax tax...do you people have any other page in your play book? tax this tax that. and what do we do with this tax? redistribute wealth I guess. fund more government programs? excuse me while I throw up. we need less tax, less government, fewer government programs. Aaarrrrgggghhhhhhhh. Cheap oil is not a God-given right. Buy a bicycle or a motorbike.
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    • Wed Jun 25th 13:43 PM | Rating: 0 0
      Commented on:
      Kashagan Illustrates Hurdles of New Oil Production
      Tupi production in 2009?? This quote in Rigzone from PetroBras "Last week, Petrobras said it's targeting a daily production of 100,000 BOE at Tupi, in a so-called pilot platform, by 2010-2011". That's their target...wanna bet it doesn't happen?

      While I think the world of Transocean as a DRILLING CONTRACTOR and own a bunch of their stock, they are not the "most knowledgeable company in the business" when it comes to field exploration, development and production. They are a DRILLING CONTRACTOR. They don't even know WHERE to drill the wells!! They drill WHERE they are told, WHEN they are told and HOW they are told by Petrobras, Exxon, BP, Chevron, etc. etc. Again, one of the greatest drillers, but not a clue on oilfield development. And if you don't understand that, then we don't have much to talk about!
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