ship shape and bristol fashion

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.

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...

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.

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.

Crude Oil Prices: Bears Will Soon Win Out

rebeldog

if you would read something besides socialist propaganda, you would know, that for example china's diesel imports jumped 17-fold.

You are not just a socialist, but also a nationalist, who cannot believe, that once savage nations catch up to the US.

Crude Oil Prices: Bears Will Soon Win Out

the 3 times thing happened to me a couple of days ago. is an error on site

Crude Oil Going Parabolic: The Good News and Bad News

Exactly.

The Self-Defeating Oil Surge

Here's what's going on:

1. Emerging markets have huge economic growth. Right or wrong?
Right.

2. Anyone think, that growth of that magnitude can be achieved without
substantial growth in demand for oil and other commodities?
Not really.

3. Is it true, that when there is one pie, and suddenly twice as many
people want a piece of that pie, that the price for a piece is going to
double? Yes!

4. Is it true, that every 'super giant field' (which made cheap oil possible)
on the planet is in decline?
Yes.

5. Do oil companies around the world scramble to bring new production
online? Yes, otherwise oil service companies wouldn't make as much
money as the do.

6. Is it true, that this new production is mostly absorbed by the decline
of existing production? Yes, obviously.

7. Now the important question: Is new production coming online ONLY
because of the seemingly high price of oil? Yes, definitely!

8. Is any oil company going to develop projects with per barrel costs
north of 65$, when the price of oil is 65$ or less? Hardly.

To sum up:

NEW OIL FIELDS ARE BEING DEVELOPED, BECAUSE OIL IS UP,
OIL IS NOT UP IN SPITE OF NEW PRODUCTION!

Crude Oil Going Parabolic: The Good News and Bad News

The author states, that the oil market is primarily driven by speculation. That is quite a statement, since the author doesn't deliver any evidence to support this. Conspiracy theories about huge rogue offshore storage facilities are just as ridiculous as the 'area 51' crap.

Even if such facilities exist, how much can it be? Let's say 10 days worth of production. That would be around 850-860 million barrels (which would be gigantic tank farms; where are they please; Think: commercial inventories in the entire US are 320 million barrels right now). Anyone really think this is responsible for 70$ of the price of WTI? Come on!

Here's what's going on:

1. Emerging markets have huge economic growth. Right or wrong?
Right.

2. Anyone think, that growth of that magnitude can be achieved without
substantial growth in demand for oil and other commodities?
Not really.

3. Is it true, that when there is one pie, and suddenly twice as many
people want a piece of that pie, that the price for a piece is going to
double? Yes!

4. Is it true, that every 'super giant field' (which made cheap oil possible)
on the planet is in decline?
Yes.

5. Do oil companies around the world scramble to bring new production
online? Yes, otherwise oil service companies wouldn't make as much
money as the do.

6. Is it true, that this new production is mostly absorbed by the decline
of existing production? Yes, obviously.

7. Now the important question: Is new production coming online ONLY
because of the seemingly high price of oil? Yes, definitely!

8. Is any oil company going to develop projects with per barrel costs
north of 65$, when the price of oil is 65$ or less? Hardly.

To sum up:

NEW OIL FIELDS ARE BEING DEVELOPED, BECAUSE OIL IS UP,
OIL IS NOT UP IN SPITE OF NEW PRODUCTION!

Crude Oil Going Parabolic: The Good News and Bad News

Hear, hear A Smart Trader!

Many Forces Converge to Lift Oil Prices

there are always rebel attacks.