2-cents

Oil Analysts Down For The Count

And what were your estmates? It's easy to critise others after the facts.

World Oil Supplies Declining Faster Than Expected - IEA

Prepare? How?
Public transport - no money which all used to bail out the bankers
Fuel efficient cars - GM, Ford etc are facing chapter 11 let alone invest in technology.
I suggest walking and wearing more cloths in winter

Interdependence and This Crisis

Thank you Americans for rescuing the bankers and forego your medicare and pensions programs. I love your priorities.

Fed Bailout Will Create Weaker Dollar, Higher Commodity Prices

Thank you Americans.

Analyst: Oil Prices Inflated by 50%

Well, now that speculartors have gone, so as your gasoline. Refiners are the biggest losers on the speculator blame-game. I feel no sorry for your guys paying $4+ a gallon. See what Petro Canada just said about the costs their oil sand projects. It's true the current barrel is cheaply produced but tomorrow's oil is the problem. I'm sorry, Wall Street does not look beyond one week, at best the next quarter.

Demand for Oil Starts to Falter

Less milage means slower economy, a very rosy outlook. Idiot

Gold Hammered, Oil Slicked: Is This the End of the Resource Boom?

What do you think the reason(s) behind the US dollar rally? I just can't think of any fundamental reason for a strong dollar except other economies, hence their currencies are weakening. The US is still importing 15 million bbls of oil a day, that $1.5 bn a day, financing the two wars, and just taking on $5 trillion debt from F&F

Strong Fundamentals and Oil Ties Make Transocean a Great Long-Term Buy

To Chris;
1) If the price of oil drops to X ($80, $60, $40) at what point do RIG's contracted day rates, and thus revenue, adjust per the terms of their contracts? Has anyone analyzed this?
Their contracts are not cancellable. A lesson learnt from previous down turns. Most new contracts have cost escalation clauses meaning costs will be passed to oil companies.

2) If their revenue drops, as the first question ponders, then at what oil price would they be unable to service their debt?
Current backlog is $40.7 billion which will leave almost $10 bn in spare after paying back all debts. You need to worry about what they are going to do with the cash flooding in.

3) Has anyone considered the risks of non-payment or contract abandonment by RIG's customers if oil prices continue to plummet towards historical means?
See No1.
OPEC is defending $100 oil (a level that got passed just this April) whereas Petrobras is contracting all deepwater rigs it can find for the next 10 years. Their projects require $100-$115 oil to be sustainable. Do you think they go ahead if they think oil will be at $80, $60 a barrel?

Remember Those $200 Oil Predictions?

Another I told you so moron

Ospraie's Poor Portfolio Weighting: XTO Contributes Major Loss to Fund

It's easy to point out others faults to make yourself looking good. I find it insulting

Crude Reality: Big Oil's Purposely Restricting Supply

I do feel sorry for the author. So uninformed!

MEMC Electronic: Glass Half Empty or Half Full?

I like the net of cash valuation approach. However, the current FCF is about 7% not 4.5% and heading to 9-10% next year

USO Breaks Upward Trendline…Finally

How many chartists actually make money in the market?

All of the Motor-Fuel Alternatives to Conventional Crude Oil Stink

In respond to Brian Pursley, I's no longer feel sorry for the general public for high oil price. Keep on hoping.

All of the Motor-Fuel Alternatives to Conventional Crude Oil Stink

Thanks Scott, you made me laugh and I do agree with you.