JREwing

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    • Wed Apr 30th 16:50 PM | Rating: 0 0
      Commented on:
      Petroleo Brasileiro: Reality Begins to Bite
      Congrats!
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    • Wed Apr 30th 14:49 PM | Rating: 0 0
      Commented on:
      Crude Oil Inventories
      hahahahahahahahahahaha...
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    • Wed Apr 30th 06:19 AM | Rating: 0 0
      Commented on:
      Dennis Gartman On Gold
      Gartman changes his mind to often, for my taste.
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    • Wed Apr 30th 04:20 AM | Rating: 0 0
      Commented on:
      Big Oil Asks: Where Will Tomorrow's Oil Come From?
      When the pain gets big enough, there's going to be drilling everywhere: ANWR, OCS, Federal land in the west, hell even here in Germany, where I am, the government gave permission to drill in several places. Never thought I read that in the paper.
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    • Wed Apr 30th 03:57 AM | Rating: 0 0
      Commented on:
      Petroleo Brasileiro: Reality Begins to Bite
      My picks for Brazilian offshore projects: RIG, NE, DO, SLB, HAL
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    • Wed Apr 30th 03:56 AM | Rating: 0 0
      Commented on:
      Petroleo Brasileiro: Reality Begins to Bite
      Well, no pun intended, by 2011 when Tupi is supposed to get online, oil will easily cost more than 300$, unless we get hit by a meteor the size of canada. 300+$ oil solves a lot of 'technical' problems. Considering the progress, oil exploration technology has made in the last couple of years, there is no doubt in my mind, that that oil will see the sunlight.

      But considering, that Brazil has price controls for petroleum products in place - pansy poetry socialist government it has - i will not go long PBR. Until Brazilians pay market price, there is no demand destruction taking place, and PBR will never get to be an exporter, but an importer like in March, when they had to import 660 000 barrels.
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    • Tue Apr 29th 15:29 PM | Rating: 0 0
      Commented on:
      Options Trader: Tuesday Outlook
      Oil 150$. Is gonna get close in Q4 again.
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    • Tue Apr 29th 07:01 AM | Rating: 0 0
      Commented on:
      OPEC Signals U.S. Rally
      Anyone, who believes what Saudi Oil guys are saying, cannot be helped.

      They claim, they have 260 billion of oil, and that for 20 years in a row. Well that is some miracle.

      If the Saudis really are so concerned about the world economy, then why the hell don't use their infamous '3 MILLION BARREL SPARE CAPACITY' and crush the price of oil, like they did in the past.

      Because they don't have any spare capacity. Not a barrel not cup.

      Or does anyone think, that they would invest billions to bring a field online, they abandoned years ago, because it was to expensive back then?

      At 120 Dollar Oil every field on this planet produces at the limit. If anyone thinks otherwise, than i am sorry.

      And again i have to bring following argument:

      If revenues of oil-service companies around the world multiplied over the last couple of years, then why didn't production?? Because for the last 50 years the world lived in this unnatural state, where oil came from several giant fields. These fields were every oil companies dream.
      Huge and easy to deplete. And they made oil cheaper than Coca-Cola.
      These fields are gone, or about to be gone.

      Easy oil is gone, now comes the hard part.


      Folks wake up, these are not the eighties, when Reagan gave the Saudis a call and they crashed the oil-price in a heartbeat.
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    • Tue Apr 29th 03:45 AM | Rating: 0 0
      Commented on:
      The Crude Oil Price Disconnect
      This article is total crap and that NYMEX floor trader was probably short and got his ass kicked.

      The author is another one of these 'Joe Kernen' types, who think that once an oil field is discovered, it produces instantly at an maximum daily rate and does so until the end of time. And anyhow, oil should be for free. People, who think that is true, probably believe in Santa Claus, too.

      Yes, there are still nice discoveries made, and to be made. But new discoveries take a long time to come online. However,in the time new fields come online, existing field are being depleted. For the 'Joe Kernen' types, this means, that they run out of oil. So much for the supply picture.

      Now for the demand picture. Just a few things here. China imports of diesel/heating oil quadrupled year over year. Even Japan import a lot more than the year before. India Up.... thailand up....... Australia up and so on. And to make bad things worse: There is no demand destruction in these emerging markets, because the millions and millions of people there don not feel the Pain at the pump, because they get a painkiller from the government in form of price controls. Just check out the Petrochina numbers from yesterday.

      So, when you consider the above and the fact that US supplies are 30 million barrels less than last year at this time, THERE IS NO REASON, why OIL PRICES should not be higher than last year.

      P.S. I stopped watching CNBC, because i couldn't stand the daily question: What is the 'real' price of oil? What are these people communists? The real price is the latest tick at NYMEX front month contract. Not what you wish for!!

      In Oil we trust!
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    • Mon Apr 28th 16:26 PM | Rating: 0 0
      Commented on:
      3 Reasons Why The Euro May Fall Further
      Very conclusive.
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    • Sun Apr 27th 12:39 PM | Rating: 0 0
      Commented on:
      T. Boone Pickens Predicts $125/Barrel Oil
      Damn right!
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    • Sun Apr 27th 12:35 PM | Rating: 0 0
      Commented on:
      The Stock Market Correlation Game: Case in Point - Oil
      Good article, in deed.
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    • Sun Apr 27th 11:46 AM | Rating: 0 0
      Commented on:
      Dollar Doldrums Will Soon Be History - Barron's
      How can anyone believe, that commodities are just a dollar play?

      Let's take oil. So i am an oil company. The price of oil goes up (supposedly driven speculators, who are of course directly related to the devil), but there is no actual increase in demand.

      So why would I pay a company like Halliburton billons of dollars to increase my production? Doesn't add up, does it?

      I don't know where the dollar is heading. I just know, that it is more likely, that dollar is more of a commodity play, than commodities are a dollar play.

      P.S: The Euro is overvalued against the USD.
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    • Sun Apr 27th 09:20 AM | Rating: 0 0
      Commented on:
      Big Oil Asks: Where Will Tomorrow's Oil Come From?
      I love oil.
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    • Sat Apr 26th 15:34 PM | Rating: 0 0
      Commented on:
      Questioning the Link Between Commodity Wealth and Oppression
      Yeah, of course! Give peace a chance! No Blood for oil!

      Everybody who says that please: Don't you ever drive a car, don't ever take a plane, don't ever heat your home, don't ever buy an iPhone (plastic is made of oil), don't ever use an asphalt road,... in other words don't be a part of western civilization, because for all those things you need OOOOOOOOIIIIIIIIIIIIII...
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