JREwing's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/165942/comments http://seekingalpha.com/article/77562-crude-oil-congress-acts-iran-hoards-rtx-soars?source=feed#comment-169293 169293
Let's make some laws. Considering the guys, who make the laws, I am not looking forward to this.

Let's take away some freedom in order to make little jjason feel better. Socialists of the world unite! You guys are really little people in more than one sense.

The US once almost regulated itself to death. Let's do that again. That makes sense. Let's have every part of our lives regulated by the government. I am sure this will be an improvement.

Commodity bubble proponent

Goldman has tank farms? How desperate are you? I bet they have tanks deep beneath Manhattan where they a re hoarding trillions of megatons of oil in order to make you suffer. MUHAHAHAHA!

Dude, You should see someone about that.

This site is full of commentators and contributers who want to take part in the capital markets. As soon as the market doesn't do what they want it to do, they turn communist and demand regulation and taxation.

That is the behavior of a loser. There are some commentators who argue with logic and valid facts and numbers. However most folks around here simply are great reminders of the fact, that democracy is not perfect.

I will delete SA from my favs and will never again go to this site.




]]> Sat, 17 May 2008 10:33:56 -0400
Let's make some laws. Considering the guys, who make the laws, I am not looking forward to this.

Let's take away some freedom in order to make little jjason feel better. Socialists of the world unite! You guys are really little people in more than one sense.

The US once almost regulated itself to death. Let's do that again. That makes sense. Let's have every part of our lives regulated by the government. I am sure this will be an improvement.

Commodity bubble proponent

Goldman has tank farms? How desperate are you? I bet they have tanks deep beneath Manhattan where they a re hoarding trillions of megatons of oil in order to make you suffer. MUHAHAHAHA!

Dude, You should see someone about that.

This site is full of commentators and contributers who want to take part in the capital markets. As soon as the market doesn't do what they want it to do, they turn communist and demand regulation and taxation.

That is the behavior of a loser. There are some commentators who argue with logic and valid facts and numbers. However most folks around here simply are great reminders of the fact, that democracy is not perfect.

I will delete SA from my favs and will never again go to this site.




]]> http://seekingalpha.com/article/77425-options-trader-thursday-outlook?source=feed#comment-169230 169230 Sat, 17 May 2008 03:09:52 -0400 http://seekingalpha.com/article/77595-options-trader-friday-outlook?source=feed#comment-169228 169228
1. You're some conspiracy weirdo. I bet Enron is responsible for the Kennedy assassination as well.

2. If the overwhelming majority of the US refining sector can process sour crude, why don't they, it is cheaper. I guess that's why Barron's said, that Valero is the only refiner worth buying, because they are capable of processing sour crude. (Still I wouldn't buy Valero) Your numbers are wrong Mr Bond.

3. Drilling in Iraq and Saudi Arabia is cheap?? How ignorant are you? Drilling in Iraq is obviously expensive, because you have to pay for 150.000 Army men, who protect your butt Roughneck Davis.
Drilling in Saudi Arabia is expensive, because the Easy-to-extract-oil is gone. For the new field they open up, they have to inject 2 barrels of seawater(after they pumped it across the desert) in order to extract 1 barrel of oil.

4. I don't drive a Hummer, i drive a Grand Cherokee with a nice Mercedes Diesel (cutting my consumption in half compared to the HEMI)

5. Is it the oil industry who is responsible for conservation? As long as there are idiots drag racing towards red lights, gas is not expensive.

And, no offense Commander Bond, but if you really were such a killer, why do have to run a options-trading-teachi... site. If you were any good, you would make a fortune and give a rat's ass about others makin' a killin'.

I write a couple of comments here, because I want to brush up my English, you obviously need to advertise for your site.

To sum up: You don't know noting about oil, the source of your numbers and facts are dubious at best and logic seems not to be your strong side.]]> Sat, 17 May 2008 03:04:09 -0400
1. You're some conspiracy weirdo. I bet Enron is responsible for the Kennedy assassination as well.

2. If the overwhelming majority of the US refining sector can process sour crude, why don't they, it is cheaper. I guess that's why Barron's said, that Valero is the only refiner worth buying, because they are capable of processing sour crude. (Still I wouldn't buy Valero) Your numbers are wrong Mr Bond.

3. Drilling in Iraq and Saudi Arabia is cheap?? How ignorant are you? Drilling in Iraq is obviously expensive, because you have to pay for 150.000 Army men, who protect your butt Roughneck Davis.
Drilling in Saudi Arabia is expensive, because the Easy-to-extract-oil is gone. For the new field they open up, they have to inject 2 barrels of seawater(after they pumped it across the desert) in order to extract 1 barrel of oil.

4. I don't drive a Hummer, i drive a Grand Cherokee with a nice Mercedes Diesel (cutting my consumption in half compared to the HEMI)

5. Is it the oil industry who is responsible for conservation? As long as there are idiots drag racing towards red lights, gas is not expensive.

And, no offense Commander Bond, but if you really were such a killer, why do have to run a options-trading-teachi... site. If you were any good, you would make a fortune and give a rat's ass about others makin' a killin'.

I write a couple of comments here, because I want to brush up my English, you obviously need to advertise for your site.

To sum up: You don't know noting about oil, the source of your numbers and facts are dubious at best and logic seems not to be your strong side.]]> http://seekingalpha.com/article/77595-options-trader-friday-outlook?source=feed#comment-168980 168980 Fri, 16 May 2008 14:26:05 -0400 http://seekingalpha.com/article/77595-options-trader-friday-outlook?source=feed#comment-168822 168822
Don't you get it?

NO ONE NEEDS MORE SOUR CRUDE FROM SAUDI ARABIA RIGHT NOW!

IT IS THE SWEET STUFF. OK?

IT MAY BE THAT YOU DON'T KNOW CRAP ABOUT OIL, BUT DO YOU REALLY HAVE TO CALL OTHER PEOPLE NAMES?

WHERE IS THE SWEET CRUDE SUPPOSED TO COME FROM, IF NOT FROM ALASKA, NIGERIA, MEXICO'S CANTAREL?

Oh guess what Alaska's Prudhoe Bay has peaked, Mexico's Cantarel has peaked, Nigeria is a constant problem. Just in case you believe in oil sands. That stuff has a horrible quality.

Again, where is the sweet stuff supposed to come from? For a change good old T-Rex Tillerson is right. Everybody complains about the trade deficit and you want more imported oil?? And at the same time people like you complain about the falling dollar. Congratyourfreakinlati... A stunning piece of detective work, Commander Bond.


]]> Fri, 16 May 2008 11:34:56 -0400
Don't you get it?

NO ONE NEEDS MORE SOUR CRUDE FROM SAUDI ARABIA RIGHT NOW!

IT IS THE SWEET STUFF. OK?

IT MAY BE THAT YOU DON'T KNOW CRAP ABOUT OIL, BUT DO YOU REALLY HAVE TO CALL OTHER PEOPLE NAMES?

WHERE IS THE SWEET CRUDE SUPPOSED TO COME FROM, IF NOT FROM ALASKA, NIGERIA, MEXICO'S CANTAREL?

Oh guess what Alaska's Prudhoe Bay has peaked, Mexico's Cantarel has peaked, Nigeria is a constant problem. Just in case you believe in oil sands. That stuff has a horrible quality.

Again, where is the sweet stuff supposed to come from? For a change good old T-Rex Tillerson is right. Everybody complains about the trade deficit and you want more imported oil?? And at the same time people like you complain about the falling dollar. Congratyourfreakinlati... A stunning piece of detective work, Commander Bond.


]]> http://seekingalpha.com/article/77595-options-trader-friday-outlook?source=feed#comment-168788 168788
- World economy seems to be fine.
- Baltic dry made a new high today (Looks like there is actual demand for
commodities)
- Light sweet crude inventories are low
- No one gives a damn about oranges (other grades), when you trade
apples (light sweet crude)
- A lack of exploration in North America (unlike some folks think, crude
doesn't come out of holding tanks)
- Worldwide distillate inventories are low, demand is high
- Looks like the Condo market in South Florida does not change the
gravitational constant of the universe.
- Even Germany's growth picked up (They are usually the last)
- BRIC nations don't build roads for bicycle traffic

Why would oil not be where it is?

Because some half ass muffin boy of a senator says so?

It is always the same socialist song:

"If it moves, tax it. If it keeps movin', regulate it. If it stops movin' subsidize it".

That is the translation for farm bill.


]]> Fri, 16 May 2008 11:06:45 -0400
- World economy seems to be fine.
- Baltic dry made a new high today (Looks like there is actual demand for
commodities)
- Light sweet crude inventories are low
- No one gives a damn about oranges (other grades), when you trade
apples (light sweet crude)
- A lack of exploration in North America (unlike some folks think, crude
doesn't come out of holding tanks)
- Worldwide distillate inventories are low, demand is high
- Looks like the Condo market in South Florida does not change the
gravitational constant of the universe.
- Even Germany's growth picked up (They are usually the last)
- BRIC nations don't build roads for bicycle traffic

Why would oil not be where it is?

Because some half ass muffin boy of a senator says so?

It is always the same socialist song:

"If it moves, tax it. If it keeps movin', regulate it. If it stops movin' subsidize it".

That is the translation for farm bill.


]]> http://seekingalpha.com/article/77595-options-trader-friday-outlook?source=feed#comment-168769 168769 Fri, 16 May 2008 10:37:13 -0400 http://seekingalpha.com/article/77562-crude-oil-congress-acts-iran-hoards-rtx-soars?source=feed#comment-168695 168695
I just said oil won't crash. A lot of people can afford it. Doesn't seem to me, that gas is too expensive. As long as there are people drag racing towards red lights, I guess there is some upside left.

The economy is either going to adapt by a more efficient use, or it will go to hell. Big Deal.

It astonishes me every day, how worked up people get, when it comes to oil.


]]> Fri, 16 May 2008 09:18:23 -0400
I just said oil won't crash. A lot of people can afford it. Doesn't seem to me, that gas is too expensive. As long as there are people drag racing towards red lights, I guess there is some upside left.

The economy is either going to adapt by a more efficient use, or it will go to hell. Big Deal.

It astonishes me every day, how worked up people get, when it comes to oil.


]]> http://seekingalpha.com/article/77562-crude-oil-congress-acts-iran-hoards-rtx-soars?source=feed#comment-168679 168679
Oil won't crash. Looks to me like some of those 'Third World' guys are in a better position to afford the stuff, than us.

How can something finite last forever?


]]> Fri, 16 May 2008 09:04:26 -0400
Oil won't crash. Looks to me like some of those 'Third World' guys are in a better position to afford the stuff, than us.

How can something finite last forever?


]]> http://seekingalpha.com/article/77562-crude-oil-congress-acts-iran-hoards-rtx-soars?source=feed#comment-168616 168616
THERE IS JUST NO REASON IN THE WORLD, WHY OIL SHOULDN'T BE WHERE IT IS!


]]> Fri, 16 May 2008 07:16:27 -0400
THERE IS JUST NO REASON IN THE WORLD, WHY OIL SHOULDN'T BE WHERE IT IS!


]]> http://seekingalpha.com/article/77562-crude-oil-congress-acts-iran-hoards-rtx-soars?source=feed#comment-168614 168614
Calling this act a farm bill is a contradiction in terms. If politicians around the world haven't regulated the agricultural sector to death for decades, there wouldn't be a shortage of food, today.

Every time some fool in some government tries to make food (or oil for that matter) cheaper than it would be normally, they make it more expensive, because they take away the incentive from the producers to produce more.

Then they have to subsidize farms and make food more expensive once again, because - unbelievably but true - taxpayers eat, too.


About the new refineries in India:

Reliance is gonna make a killing on those big boys.

Assuming demand for petroleum products will be flat until the end of time, we should be fine. I guess this justifies 10$ oil. (sarcasm again)

About the Russians:

The Lukoil boss said, that russian crude production will peak this year, and then fall. He didn't say it already happened. I going to believe him more than some Russian government dude. Wouldn't believe one of those, if he said water was wet. (Not sarcasm)

And if the Russians want to give a tax incentive for more oil production, why did they hike the export tax once again in April?
]]> Fri, 16 May 2008 07:09:52 -0400
Calling this act a farm bill is a contradiction in terms. If politicians around the world haven't regulated the agricultural sector to death for decades, there wouldn't be a shortage of food, today.

Every time some fool in some government tries to make food (or oil for that matter) cheaper than it would be normally, they make it more expensive, because they take away the incentive from the producers to produce more.

Then they have to subsidize farms and make food more expensive once again, because - unbelievably but true - taxpayers eat, too.


About the new refineries in India:

Reliance is gonna make a killing on those big boys.

Assuming demand for petroleum products will be flat until the end of time, we should be fine. I guess this justifies 10$ oil. (sarcasm again)

About the Russians:

The Lukoil boss said, that russian crude production will peak this year, and then fall. He didn't say it already happened. I going to believe him more than some Russian government dude. Wouldn't believe one of those, if he said water was wet. (Not sarcasm)

And if the Russians want to give a tax incentive for more oil production, why did they hike the export tax once again in April?
]]> http://seekingalpha.com/article/77305-imf-speculation-playing-significant-role-in-oil-price-surge?source=feed#comment-168587 168587
'I shall fight 'till from my bones my flesh be hacked!' (Is it MacBeth??)

Why don't you just jump on the bandwagon and make some green.
The trend is your friend, my men.

TO BOOKVALUE:

On the contrary. Today we saw the last speculators get out of the June contract and rollover into the July contract. That was 3 bucks worth.
Then guys who actually buy oil jumped in and picked up the pieces and we ended the day flat.

The outage at the ICE had absolutely noting to do with it. In fact after trading at the ICE was resumed Brent actually fell for almost 50 cents before recovering.


]]> Fri, 16 May 2008 03:46:11 -0400
'I shall fight 'till from my bones my flesh be hacked!' (Is it MacBeth??)

Why don't you just jump on the bandwagon and make some green.
The trend is your friend, my men.

TO BOOKVALUE:

On the contrary. Today we saw the last speculators get out of the June contract and rollover into the July contract. That was 3 bucks worth.
Then guys who actually buy oil jumped in and picked up the pieces and we ended the day flat.

The outage at the ICE had absolutely noting to do with it. In fact after trading at the ICE was resumed Brent actually fell for almost 50 cents before recovering.


]]> http://seekingalpha.com/article/77305-imf-speculation-playing-significant-role-in-oil-price-surge?source=feed#comment-168053 168053
As yesterdays polar bear protection thing indicates, the US seems to be unwilling to produce more oil within the country. ]]> Thu, 15 May 2008 10:40:05 -0400
As yesterdays polar bear protection thing indicates, the US seems to be unwilling to produce more oil within the country. ]]> http://seekingalpha.com/article/77305-imf-speculation-playing-significant-role-in-oil-price-surge?source=feed#comment-168010 168010 Thu, 15 May 2008 10:05:49 -0400 http://seekingalpha.com/article/77305-imf-speculation-playing-significant-role-in-oil-price-surge?source=feed#comment-167906 167906 Thu, 15 May 2008 07:57:38 -0400 http://seekingalpha.com/article/77196-whats-driving-oil-higher-its-the-dollar-stupid?source=feed#comment-167885 167885
If I remember the 70s correctly, the Mainland Chinese rode bicycles, Indians drove scooters and Brazilians were busy dancing samba.

The story back then was an attempt by the OPEC nations (no doubt motivated by the Sowjets, since none of the OPEC nations ever gave a damn about the Palestinians) to blackmail the West. An abrupt shortage of oil led to economic chaos in the west, since oil determines the price of everything, back then even more than now.

That's a little different than 25 years of underinvestment in the oil business and tremendous physical demand from emerging nations.

Do your homework, Sir.


]]> Thu, 15 May 2008 06:26:11 -0400
If I remember the 70s correctly, the Mainland Chinese rode bicycles, Indians drove scooters and Brazilians were busy dancing samba.

The story back then was an attempt by the OPEC nations (no doubt motivated by the Sowjets, since none of the OPEC nations ever gave a damn about the Palestinians) to blackmail the West. An abrupt shortage of oil led to economic chaos in the west, since oil determines the price of everything, back then even more than now.

That's a little different than 25 years of underinvestment in the oil business and tremendous physical demand from emerging nations.

Do your homework, Sir.


]]> http://seekingalpha.com/article/76618-commodities-bubble-or-not?source=feed#comment-167870 167870
Excuse me, fella. Since I am a German I know a little bit about Hitlers rise to power.

Journalists, who disagreed with the Nazi parties views were 'convinced' otherwise. As long as there was a parliament in place, the SA (a gathering of urban street thugs) prevented all MPs, who were likely to oppose the Nazi party, from entering the parliament.

After this 'parliament' gave Hitler absolute power, there was essentially only one newspaper, only one radio channel, only one party and everyone, who opposed Hitler was imprisoned and/or executed.

Excuse me again. But none of the above happened during the Bush administration. I guess, that about 90 out of a 100 journalists in the US share an intense hatred for Mr. Bush and criticize him on a daily basis. Of course they are well within their to do so and no one prevents them from exercising their rights.

So don't You ever compare Mr. Bush to Adolf Hitler, for You do not know what You are talking about. If You had to live under the rule of the Nazi Party, you would pray on your knees for a live under the Bush Administration.


]]> Thu, 15 May 2008 04:23:51 -0400
Excuse me, fella. Since I am a German I know a little bit about Hitlers rise to power.

Journalists, who disagreed with the Nazi parties views were 'convinced' otherwise. As long as there was a parliament in place, the SA (a gathering of urban street thugs) prevented all MPs, who were likely to oppose the Nazi party, from entering the parliament.

After this 'parliament' gave Hitler absolute power, there was essentially only one newspaper, only one radio channel, only one party and everyone, who opposed Hitler was imprisoned and/or executed.

Excuse me again. But none of the above happened during the Bush administration. I guess, that about 90 out of a 100 journalists in the US share an intense hatred for Mr. Bush and criticize him on a daily basis. Of course they are well within their to do so and no one prevents them from exercising their rights.

So don't You ever compare Mr. Bush to Adolf Hitler, for You do not know what You are talking about. If You had to live under the rule of the Nazi Party, you would pray on your knees for a live under the Bush Administration.


]]> http://seekingalpha.com/article/77037-oil-to-200-fundamentals-don-t-support-it?source=feed#comment-167617 167617
Guess we're a little bit closer to 200$ a barrel.

]]> Wed, 14 May 2008 15:21:01 -0400
Guess we're a little bit closer to 200$ a barrel.

]]> http://seekingalpha.com/article/77183-the-new-peak-oil-peak-demand?source=feed#comment-167472 167472
I have positions in RIG, NE, PBR for almost 3 years.


]]> Wed, 14 May 2008 12:03:56 -0400
I have positions in RIG, NE, PBR for almost 3 years.


]]> http://seekingalpha.com/article/77183-the-new-peak-oil-peak-demand?source=feed#comment-167470 167470
First: Yes I know, ethanol from sugar cane makes more sense, then ethanol from corn, but please what do you do, when there is a drought for 3 years in such a region, what do you do, when there is an invasion of parasites (wouldn't be the first monoculture to be annihilated), what do you, if a serious of storms devastate the crop? Do you leave your car in the garage for on season?

Second: How do you justify, that in some countries people fight over food in the streets and we burn it?]]> Wed, 14 May 2008 12:02:05 -0400
First: Yes I know, ethanol from sugar cane makes more sense, then ethanol from corn, but please what do you do, when there is a drought for 3 years in such a region, what do you do, when there is an invasion of parasites (wouldn't be the first monoculture to be annihilated), what do you, if a serious of storms devastate the crop? Do you leave your car in the garage for on season?

Second: How do you justify, that in some countries people fight over food in the streets and we burn it?]]> http://seekingalpha.com/article/77183-the-new-peak-oil-peak-demand?source=feed#comment-167446 167446
Second: Does it makes sense to chop down the Amazon in order to burn sugar??

Looks to me, that this is ecologically unsound.

Check out this link:

www.reuters.com/articl...
]]> Wed, 14 May 2008 11:21:25 -0400
Second: Does it makes sense to chop down the Amazon in order to burn sugar??

Looks to me, that this is ecologically unsound.

Check out this link:

www.reuters.com/articl...
]]> http://seekingalpha.com/article/77037-oil-to-200-fundamentals-don-t-support-it?source=feed#comment-167341 167341
I think one reason oil is so resilient is, that one has to have a lot of guts to short oil. Every time a shot is fired in the Straits of Hormuz, Chavez hooking up with the chinese, someone gets killed in Lebanon oil goes through the roof. You gotta be kamikaze to go short, even if you thought the fundamentals would justify a decline in price.

May be that's one reason Nat Gas underperformed oil since Katrina. The only risk to Nat Gas is the Hurricane season.]]> Wed, 14 May 2008 09:09:37 -0400
I think one reason oil is so resilient is, that one has to have a lot of guts to short oil. Every time a shot is fired in the Straits of Hormuz, Chavez hooking up with the chinese, someone gets killed in Lebanon oil goes through the roof. You gotta be kamikaze to go short, even if you thought the fundamentals would justify a decline in price.

May be that's one reason Nat Gas underperformed oil since Katrina. The only risk to Nat Gas is the Hurricane season.]]> http://seekingalpha.com/article/77183-the-new-peak-oil-peak-demand?source=feed#comment-167328 167328 Wed, 14 May 2008 08:57:16 -0400 http://seekingalpha.com/article/77183-the-new-peak-oil-peak-demand?source=feed#comment-167315 167315
I didn't call you a communist, because of the demand destruction thing. I called you a communist, because of the SPR interventionist thing.]]> Wed, 14 May 2008 08:38:48 -0400
I didn't call you a communist, because of the demand destruction thing. I called you a communist, because of the SPR interventionist thing.]]> http://seekingalpha.com/article/77196-whats-driving-oil-higher-its-the-dollar-stupid?source=feed#comment-167298 167298 Wed, 14 May 2008 08:07:19 -0400 http://seekingalpha.com/article/77037-oil-to-200-fundamentals-don-t-support-it?source=feed#comment-167290 167290
One cannot compare a stock to oil or any commodity for that matter. Simply impossible.

While I agree, that things are a bit crazy in the pits, I stick to my opinion, that a long term uptrend in oil is justified.]]> Wed, 14 May 2008 07:48:29 -0400
One cannot compare a stock to oil or any commodity for that matter. Simply impossible.

While I agree, that things are a bit crazy in the pits, I stick to my opinion, that a long term uptrend in oil is justified.]]> http://seekingalpha.com/article/77183-the-new-peak-oil-peak-demand?source=feed#comment-167281 167281
While it is true, that THANKS to higher oil prices there have been significant new discoveries, the author seems to neglect the fact, that existing fields are being depleted while new production comes online. Methods to enhance daily output on existing fields also accelerates their depletion rate.

Oil prices only will come down under following conditions:

1. A worldwide recession.(In which case I want to be short of everything, not just oil)

2. Petrol products are no longer the primary source for transportation fuels. (I guess that is gonna take some time)

3. The end of the world. (In that case I don't care if I am long or short of anything)

Lastly, I said in another post, that low prices will kill low prices. 75$ oil will make difficult production unprofitable. Oil companies won't eat that loss.]]> Wed, 14 May 2008 06:56:54 -0400
While it is true, that THANKS to higher oil prices there have been significant new discoveries, the author seems to neglect the fact, that existing fields are being depleted while new production comes online. Methods to enhance daily output on existing fields also accelerates their depletion rate.

Oil prices only will come down under following conditions:

1. A worldwide recession.(In which case I want to be short of everything, not just oil)

2. Petrol products are no longer the primary source for transportation fuels. (I guess that is gonna take some time)

3. The end of the world. (In that case I don't care if I am long or short of anything)

Lastly, I said in another post, that low prices will kill low prices. 75$ oil will make difficult production unprofitable. Oil companies won't eat that loss.]]> http://seekingalpha.com/article/77196-whats-driving-oil-higher-its-the-dollar-stupid?source=feed#comment-167277 167277
The most recent records in oil were not accompanied by new record lows of the dollar.

If anything it is much more likely, that the opposite is true. High oil prices cause the trade gap to widen and then weaken the dollar.

The EURO is a bubble. Some one should tell the FX market, that they have lots of private and public deficits and they have a negative trade balance, too. And they import virtually all their oil, since North Sea oil is mostly british and norwegian.

P.S. I really don't get the author's thoughts on inflation. I always thought, that a rise in prices SHOWS inflation and not that inflation CAUSES a rise in prices.


]]> Wed, 14 May 2008 06:26:58 -0400
The most recent records in oil were not accompanied by new record lows of the dollar.

If anything it is much more likely, that the opposite is true. High oil prices cause the trade gap to widen and then weaken the dollar.

The EURO is a bubble. Some one should tell the FX market, that they have lots of private and public deficits and they have a negative trade balance, too. And they import virtually all their oil, since North Sea oil is mostly british and norwegian.

P.S. I really don't get the author's thoughts on inflation. I always thought, that a rise in prices SHOWS inflation and not that inflation CAUSES a rise in prices.


]]> http://seekingalpha.com/article/77037-oil-to-200-fundamentals-don-t-support-it?source=feed#comment-167254 167254
Iran has sitting tankers full of crude sitting off their coast, because it is the height of asian maintenance season. Iran, which has very low quality crude is dependent on the asian market (most of all Japan), because there are a lot of refineries in asia capable of processing that sort of crude. Once the maintenance season there is over those tankers will sail eastward. BTW Iran is losing production for decades, since they peaked in the 70s. they are not cutting back, they get cut back.(Another perfect example of underinvestment.)

Once again you make the mistake of poring all sorts of oil into one barrel. NYMEX LIGHT SWEET CRUDE is a basket of low gravity low sulfur crudes. These sorts of crude are rare.(North America, North Sea, Nigeria)
When You'd take a look, not only at he overall inventory, but especially at Cushing, OK (the bellwether for NYMEX LIGHT SWEET CRUDE) inventories are a lot lower, than last year.( last year this time: 27.7 million, this year: 20.2 million barrels)

And, yes in cases, where there is too much of a sort of crude, yes they cut prices. Like the Saudis for their bad stuff.(But there aren't a lot of refineries in the US, that can process the 'Bad Stuff')

Or in other words, there could be a sea of crude out there, if it is the wrong kind of crude, no one gives a hoot in hell.

HINT: If you get your information from the communist parties very own 'The Guardian', you devalue your arguments before you even made it.

And a little business 101:

There is not a whole lot of cash generated by an unprofitable field. Just a thought.

You are obviously one of those people, who are franticly looking for the passage in the bible, where it says that gas ought to be for free. Oh I found it:

Gasjunkie 13,1: Gas should be for free, because the archangel 'of last century V8 engine technology' said so.

Hope I could help.]]> Wed, 14 May 2008 03:27:46 -0400
Iran has sitting tankers full of crude sitting off their coast, because it is the height of asian maintenance season. Iran, which has very low quality crude is dependent on the asian market (most of all Japan), because there are a lot of refineries in asia capable of processing that sort of crude. Once the maintenance season there is over those tankers will sail eastward. BTW Iran is losing production for decades, since they peaked in the 70s. they are not cutting back, they get cut back.(Another perfect example of underinvestment.)

Once again you make the mistake of poring all sorts of oil into one barrel. NYMEX LIGHT SWEET CRUDE is a basket of low gravity low sulfur crudes. These sorts of crude are rare.(North America, North Sea, Nigeria)
When You'd take a look, not only at he overall inventory, but especially at Cushing, OK (the bellwether for NYMEX LIGHT SWEET CRUDE) inventories are a lot lower, than last year.( last year this time: 27.7 million, this year: 20.2 million barrels)

And, yes in cases, where there is too much of a sort of crude, yes they cut prices. Like the Saudis for their bad stuff.(But there aren't a lot of refineries in the US, that can process the 'Bad Stuff')

Or in other words, there could be a sea of crude out there, if it is the wrong kind of crude, no one gives a hoot in hell.

HINT: If you get your information from the communist parties very own 'The Guardian', you devalue your arguments before you even made it.

And a little business 101:

There is not a whole lot of cash generated by an unprofitable field. Just a thought.

You are obviously one of those people, who are franticly looking for the passage in the bible, where it says that gas ought to be for free. Oh I found it:

Gasjunkie 13,1: Gas should be for free, because the archangel 'of last century V8 engine technology' said so.

Hope I could help.]]> http://seekingalpha.com/article/77037-oil-to-200-fundamentals-don-t-support-it?source=feed#comment-167075 167075
I pull the 'Karl Marx' thing then, since you voted for Reagan. May be I got a little carried away.]]> Tue, 13 May 2008 17:16:41 -0400
I pull the 'Karl Marx' thing then, since you voted for Reagan. May be I got a little carried away.]]>