ACEMAN

Will New Finds Mean the End of Peak Oil?

Y'all got that right, my man Mr Cam sittin' in his sweet spot on Vancouver Island. However, you got to know that the only way to value exploration oil & gas companies is by the reserves in the ground which are more valuable as time goes on. The secondary factor is a binary relationship between the cost of storage, its CAPEX, and the yield on all that o/g that is stored for a rainy day or the best price on delivery. Y'all have to think supply chain economics if you want to make your money in this game. Now it's time for this mornings beignet and coffee a la Cafe du Monde, NOLA style.

Why Is Oil Creeping Back Up?

Y'all spend your first six paragraphs getting to the point of your rhetorical question and then in your final paragraphs say absolutely nothing about answering your question. Y'all need to go back to bonehead English class and learn some writing skill sets. What a waste. And to answer your question which you failed to do: How about the fact that there are millions of barrels sitting offshore in tankers waiting for spot prices to exceed certain contango price points. It's called supply and demand and in the case of oil it ain't about Adam Smith's invisible hand of the economy, this is about the powerful fist of oil producers who want more money for delivery of the black gold. It's nothin' but an old fashioned squeeze play and the marketeers know it, the spot traders know it and OPEC and all upstream oil producers know it. So how come y'all don't?