ship shape and bristol fashion

Oil Bubble Spin

I have yet to hear a reason for oil to go down. I guess by going down oil bears mean 40-60$ range. Okay, global recession will do the job no doubt.

But where is that recession?

Unless there is some giant sea monster out there, which developed an appetite for dry bulk carriers, the Baltic Dry Index signals a strong world economy.

Cheap oil is consumed!

Unless you discover a Ghawar and Cantarel field, you are not going to see cheap oil again. I don't think oil companies will keep fields online, where the per barrel cost is higher than the price. If i have costs of 60$ per barrel and the barrel costs 59.90$, i shut the valve and open it up again when oil is at 75$. Simple. Low prices will kill low prices!

NEW FIELDS ARE BEING DISCOVERED, BECAUSE OIL IS EXPENSIVE, OIL IS NOT UP IN SPITE OF NEW DISCOVERIES!

3% Down Days in Oil

Why does everyone think that it is cheaper to drive an electric car?
What will happen to the price of electricity, when everybody drives an electric car?

It's not like coal prices and uranium prices did not go up.

Is Oil a Bubble? Part Two

to farhad

where did you get that nonsense, that demand and price have a linear relation?

Is Oil a Bubble? Part Two

High oil prices are a blessing in disguise:

1. It makes new reserves recoverable.

2. It forces economies around the world to be more efficient in their
use of energy.

3. Oil north of a hundred bucks a barrel is a great opportunity particularly
for the United States. US oil service and offshore drilling companies are
the undisputed leader in the world market.

4. For Ford, GM and Chrysler it means: You either make a technological
leap forward or you go bankrupt.

Wouldn't it be nice if US car makers were leaders in technology for a change?

Is Oil a Bubble? Part Two

I wonder what the big deal is. Why is it not OK to invest in oil? When I think WTI will appreciate in price, it is and should be perfectly legal!

Everything money can buy is a potential investment: Stocks, bonds, currencies, commodities, real estate, stamps, old handguns...

Every driver may feel free to hedge his risk by buying the USO or a similar product.

Volatility: It's the Oil, Stupid

I think it went down, because after a draw of this size it almost has to be a build next time.

Perfect Oil Storm Brewing in the U.S.

Check this out:

Should shoot all oil bears.

online.wsj.com/article...

Oil Looks Toppy - Time to Short?

I would like too short the SA oil segment.

BTW, I would buy drillers and services ahead of the correction, since the market is going to put a lot of money to work in that sector, when the oil price correction occurs. May be we've seen the correction already, considering how nicely oil bounced of its support today.

Perfect Oil Storm Brewing in the U.S.

eric

I am not one of those guys, who cries 'Mad Max ante portas!' all day long, but denying the Peak oil theory is simply illogic. Whether it happened 2005 or it happens in a 1000 years, one day there is going to be a maximum daily output and then a decline. That has nothing to do with emotions.

The best evidence for the problems the oil industry has maintaining daily output is the outstanding revenue growth of the oil service industry. One would assume, that oil output should grow nicely like their revenue, but it is not.

Consider: Even the IEA, usually behind the curve, is looking deeply into the 400 biggest fields. Should be an interesting report in November.

The Relationship between Oil, Drillers and Refiners

As long as oil doesn't collapse I think RIG and the rest of the sector will do better with oil between 90 and 105$, than oil at 135$.

Oil Manipulations Exposed

T Stephens, thank you for putting this ignorant propagandist in his place.

Crude Oil Prices: Bears Will Soon Win Out

Well then bet and lose. Your figures are the latest BS.

Crude Oil Prices: Bears Will Soon Win Out

I guess the rest of the world is looking forward to price controls in the US. Makes oil cheaper for them, because no one is going to sell crude to the US.

The Self-Defeating Oil Surge

Folks said the same thing in 2005, when Goldman said WTI would reach 100$.

Raising Margin Requirements May Spike Oil Prices Higher

This is what happens, when people try to regulate things they do not fully understand. The changes made in the flora and fauna of Australia are a perfect example for the immense problems such ignorant behavior causes.

The problem is, that people just don't want to face facts. I guess that's why Rome fell.

Is it possible, that a new kind of fungus affects wheat prices? Oh no, it must be speculators.

Is it possible, that all the good iron ore and copper mines are already in a mature phase. So now mines with lower grades have got to be brought online, which makes these minerals obviously more expensive.
Oh no! It must be speculation!

The same thing would be true for oil and a lot of other stuff.

On top of that: People are stuck in the past. They really have trouble to accept, that once 'savage' economies like China are becoming a force.

If we don't start to face facts and make the necessary changes, we will fall like Rome.

Burning witches never saved a problem, it only calmed down the mob.