blu

Gordon Currie on Where to Invest in Energy Right Now

Dinosaur juice is what built the economies of the world and still sustain them today. Production shortfalls that are looming make oil very attractive for the foreseeable future.
I'll buy green when green becomes economically viable without subsidies.

Stephen Schork: More Upside in Oil

I have never agreed with much anything that this "expert" Schork has espoused... But then I am a Texas oil producer who knows that Peak Oil is a geological reality... Schork has his head in the sand.

International Energy Association: Forced to Eat Their Optimistic Data on Future Oil Supply?

An overlooked point...
Peak oil is predicated on production capabilities, not reserves.
Will the earth ever produce 87 million barrels per day again?
Some forget how prolific the Saudi fields WERE. To try to produce the newly found fields at the former rates seen in the Mideast is asking for premature destruction of the new fields. Demand for crude will blow past that 87 million per day as recovery takes place. There will be large cyclical movements, but overall the price is going to explode upward. Getting the crude out of the ground at rates to satisfy global demand is problematic, if not impossible, in the near term (15 years). It's going to be a "heck-of-a" ride. JMHO

It's Going to Get Ugly

Fitz,
this is one of your less appealing blogs...

Obama's Marxist regime will end ... fuel demand will not.
Government will find a way to tax the hell out it and justify it to the ignorant masses. It doesn't matter which party is "in control"..
The only thing that is saving us at the present is the poor economy.

Natural Gas Extraction May Be More Expensive Than It Seems

So some are beginning to see my position on shale reservoirs.
The light gets brighter as more companies end up writing down reserves.

The End of the Oil Age? Not Quite

I believe longoil has a valid point about natural gas reserves.
With all the hype of how much natural gas we supposedly have, the facts about depletion in these newer tight reservoirs has been somewhat overlooked.
I don't touch any company that plays the shales, as I don't believe the reserves or sustained production capabilities of these wells. Only time will prove who is right about this. The Barnett in Texas has shown me plenty of evidence to be wary. The wells will be economical again someday... when NG prices spike back up..and that is inevitable. I'm in favor of the Pickens Plan, but how long it is sustainable is my big question.

BRING THE TROOPS HOME - NOW!!

<<They hear from there constituents crying about seeing all the gore.>>

oops.. s/b " their "not "there"

On Sep 24 10:19 AM blu wrote:

> I am of the opinion that the crux of our problems in any military
> action lays with the media. The Vietnam War was the first war where
> "embedded" media personnel were able to fill the evening news hours
> with war video.
> In all honesty, the civilian public has no stomach for such. Such
> news coverage can do nothing but turn the public against any confrontation.
> Civilians are not trained or prepared for what must be done in battle.
>
> In the same vein, Congress is not prepared either. They hear from
> there constituents crying about seeing all the gore.
> Being informed about the war effort, and actually seeing it are two
> different things completely. Sure, it fascinates the public at first,
> but as it continues in time, the media starts looking for ways to
> maintain the public interest in the blood and gore.
> Our congress must have oversight, but they need to have some confidence
> in our military leaders. They need to let the military do the fighting
> the way the military knows how to do it. The media should never
> be embedded with the troops. War is for warriors, not civilians.
> If we do not have the confidence to let our military leaders fight
> and win, then we are wasting precious blood. There are better ways
> of policing the military than by using the media for such and exposing
> the hell of war to all our citizens.

BRING THE TROOPS HOME - NOW!!

I am of the opinion that the crux of our problems in any military action lays with the media. The Vietnam War was the first war where "embedded" media personnel were able to fill the evening news hours with war video.
In all honesty, the civilian public has no stomach for such. Such news coverage can do nothing but turn the public against any confrontation. Civilians are not trained or prepared for what must be done in battle.
In the same vein, Congress is not prepared either. They hear from there constituents crying about seeing all the gore.
Being informed about the war effort, and actually seeing it are two different things completely. Sure, it fascinates the public at first, but as it continues in time, the media starts looking for ways to maintain the public interest in the blood and gore.
Our congress must have oversight, but they need to have some confidence in our military leaders. They need to let the military do the fighting the way the military knows how to do it. The media should never be embedded with the troops. War is for warriors, not civilians. If we do not have the confidence to let our military leaders fight and win, then we are wasting precious blood. There are better ways of policing the military than by using the media for such and exposing the hell of war to all our citizens.


On Sep 23 11:25 AM Mark Bern wrote:

> I have some difficulty with wanting to stay in a war that we don't
> intend to win or a war that is micro-managed by Congress.

>
> Now, I am not saying we should stay. And I'm not saying we should
> leave. What I am saying is that if we aren't in it to win, we should
> find a way out.

Onyx Pharmaceuticals: Is Nexavar the Next Avastin?

In my case, the side effects are manageable. I will be half way through the trial in another week. (The trial duration is 54 weeks).
Side effects have improved in the last 12 weeks, and I am very optimistic about the future.
Sorafenib has been receiving good reviews in Europe and around the world. I have a google search running constantly for news on kidney cancer and almost every day there is news about this drug.
I believe you are quite correct in your outlook.
Thanks for the well wishes.

Onyx Pharmaceuticals: Is Nexavar the Next Avastin?

I am participating in a nationwide clinical trial through M.D. Anderson Cancer Center in Houston. The trial is a double blind study to ascertain the effectiveness of Sorafenib, Sutent, and a placebo in an adjuvant setting for kidney cancer.

This trial has grown considerably since I began participation as they continue to add participants. This is partially due to a high drop out rate due to significant side effects from the drugs.

I am certain that I am taking Sorafenib as my side effects do not subside during the rest period from Sutent.

I am hopeful this adjuvant application is successful as kidney cancer is notorious for returning after surgery in other parts of the body. As the trial size expands, the date of final analysis is pushed farther out in the future. No chemo treatment has been found to be effective in staving off the return of the disease as yet. If Sorafenib proves to be beneficial in this application, then sales will certainly be bolstered significantly.

More Crude Oil Backing Up

Oil field activity is picking up here in West Texas. There is a feeling that demand is turning around and money is flowing back into drilling and development. I'm starting to spend some cash on my own leases now as economics are looking better.
The trend is gaining strength, against the feeble inventory data. There is simply not enough inventory storage available anymore, given the burn rate that is coming.... The oil price trend is up. I don't think I'll buck the trend for a while.

10 Top Oil and Natural Gas Exporting Countries

This is the most current data??????
Just shows how pathetic the accounting for oil supply, demand, and reserves remains. The oil and gas markets operate on unreliable and outdated information. That exacerbates price volatility that is fueled further by the peak oil scenario.

Boring BP? Not for Your Wallet

Purchased BP as a core long term hold at $38/sh...I like the company, the dividend, and its prospects for growth.
Nice article.

California Resource Maximization: Marijuana First, Then Oil

A. Young,,
Severance taxes have nothing to do with the existence of royalties.
Where the hell did that come from???
California could retain a royalty interest under the leases and benefit tremendously. Taxation of production is simply a way to "double dip" on the properties and take an even bigger piece of the pie...and discourage development.


On Jul 20 08:48 AM Alan Young wrote:

> California will make nothing on royalties from oil fields because
> it remains the only oil-producing state that has NO oil-severance
> tax. When the oil companies stop lobbying against our recurring proposals
> to tax the resource, then we can discuss tapping more.
>
> BTW, critics often claim that Californians want to enjoy state spending
> without paying taxes. That's not accurate. 60% of us want the state
> to spend amply, and are willing to pay taxes accordingly. 35-40%
> are stubbornly anti-tax; that's enough to crate the impasse. A constitutional
> revision to remove the minority roadblock would resolve this.

Is Regulating Oil Speculation a Good Idea?

Regulation of markets never works. Investors always find a way to circumvent the regulations by indirect means.
Floors and ceilings have been tried many times in the past with terrible results.
There is a fear of oil going back to $147/bbl and for some reason these pro-regulators believe this will forestall that or prevent it.
It is nonsense. Oil will be going much higher and so long as there are markets that trade it, there will be no stopping it. Floors or no.