blu

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.

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.

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.

Oil to Retest $40/Barrel by Year-End?

I'll go with Pickens... Those that have the oil determine the price. Saudi's and OPEC have said they like $75... They have the oil.

Predicting Oil and Gas Prices: 2009-2016

davew,
I have long advocated the maximization of the railroads, however it was brought to my attention that the unionized truckers and unionized railroad folks don't see eye to eye, and at present the truckers outnumber the railroaders. So it is likely that the truckers will have their way and keep their inefficient method of transport for some time to come.

EV's are nonsense. You already have greenies screaming to the heavens about disposal of hearing aid batteries and the like.
Where are they going to put all those spent car batteries?
EV's simply do not make sense. That's why our government is all for them. Think about it.. you have multiple conversions of energy forms that have to be transmitted through inefficient power lines to a battery that then transmits the energy to a motor.
It is idiotic and not cost effective.
That's why it will probably be pursued to the taxpayer's detriment, as was/is ethanol.

Predicting Oil and Gas Prices: 2009-2016

Over 35% of the traffic on interstate highways are eighteen wheelers.
They don't quite get the mileage that cars get.
There is no electric motor that will move a big rig efficiently.
EV's are like ethanol... a bad joke to be played on the public.
But you can bet our new socialistic government will force EV's down our throats just as was ethanol.

Oil's Trending Up, But Speculators Aren't to Blame

Nice to read a sensible argument that I have been concurring with, and posting such, for months.
The populist arguments mentioned, will not go away. For some reason the media has to find a "blame", "evil conspiracy", or "scapegoat" for every news item that comes across their desks.

I have long advocated that people should hedge against increasing energy costs by participating in the markets. Most will not listen to arguments similar to the above article, because they have been "taught" to look for a scapegoat and not truthful, rational explanations that really make sense.
It's how America has evolved... JMHO

Irrational Pricing in Crude Oil

Legitimate or manipulated???

Time to remove your blinders and see the markets are working just as should be expected. Hedge funds and large traders are part of the market. It is futile to cry about their strategies. Try to take advantage of them.

There are going to be huge swings in the price of crude oil as predicated by peak oil.

Traders have to look beyond the short time inventories that have built up to less than ONE DAY of daily oil consumption. There no longer exists enough storage capacity to rationally effect the longer term oil price. The world is simply burning so much that storage is a non-player. Those evil "hedge funds and large traders" are seeing through the fog.

Why Oil Between $50-$75 Is a Good Thing

Why anyone would believe that crude is going to stabilize is beyond me. The markets have awakened to the fact that crude is finite and depleting rapidly. There is no way to switch to alternatives in the time frame necessary to prevent crude from exploding upward once again.
Add to that, an administration that is opposed to developing oil and nat gas in the interim. Volatility is and will continue to be staggering with higher highs and higher lows.

Inflation will support the trend upward. We have buried our economy with unbelievable spending that may or may not be recoverable.

What's Driving the Increase in Oil Prices

Well, we can all agree on one thing.
If anything is taxable, it will get taxed ...If not already, then soon.
Isn't it great to work for the government?????

Oil Investors Must Contend with Weak Near Term Demand

What is this article saying? The third paragraph contradicts all the others...

Those who want lower oil prices always start the mantra of "speculation"..... Well, they are right.

A market is nothing but speculation.

What Oil and Bond Traders Know About Inflation

Nicely written.
The evidence of the energy turnaround is beginning to be more obvious.

Louis Stanasolovich: Short Oil, Long Gold

My guess is they will "take those shorts off" at a much higher price than $30......

Oil at $50/bbl: Where to from Here?

Dr. Laser,
I fundamentally agree with your post, however I would love to see your "studies" that "indicate we have Saudi type fields right here in the United States".

This is my 30th year as an independent producer in Texas, and I guess I've had my head in the sand, because I haven't heard of any such potential oil fields here that even come close to the depleting Saudi fields that have produced hundreds of billions of barrels of oil.

I also agree that governmental regulations are one cause of our stagnating industry. Drill Here, Drill Now!!

$200 Oil Is Coming While We Waste a Perfectly Good Crisis (Part 3)

Great read!
I would note for the writer's use ...
The huge infrastructure you seem to think would be necessary for the use of natural gas in transportation is already in place for a large percentage of the public. It is a home compressor system that is already on the market (called PHILL). If you have nat gas in your home then you would be able to fuel up in your garage.

Thanks for a great article. I have been preaching the same tune for years....