JREwing

Options Trader: Friday Outlook

Phil Davis

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.

Options Trader: Friday Outlook

haha!

Options Trader: Friday Outlook

And by the way Commander Bond (the author),

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.

Options Trader: Friday Outlook

Let's see:

- 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.

Options Trader: Friday Outlook

Hmmm... so many oil bears...

Options Trader: Thursday Thumping (for Exxon)

I stick to RIG, SLB , HAL, OXY, APA, APC. Exxon is to big handle small projects and there are no more big projects, at least not for privately held companies. Short the majors, long smaller outfits and deepwater guys.