Don Agree

SemGroup's Fall and the Impact on Oil

In the news from the talking heads for weeks speculation was not the cause for the run up..,, Now the demise of a hedge fund that got caught once agian on the flop. Now we see that speculation was the reason. It is always about the money. Beting at the casino is the same addiction as betting in the markets. Some people just can't take a small good profit and walk away.. They want more. The lure of easy money. What is the price we all pay for this gross obscene manipulation of a good system. We now have naked shorting and firms spending money once again that they are not authorized to spend. The need for greed. We are paying one heck of a price for a small number of peoples gambling addiction.

U.S. Oil Production Today Same as in 1948

Mark has now identified his bias. Thats a good thing. One of these days we are going to be smart enough to follow the money. Then you will be able to see the red herring arguments and throw away distractions for what they are. Does anybody see a disconect between oil companies record profits and the price per barrel VS the price per gallon. To praphrase Hyundai DUH! You see profit is profit. Huge record profits are GREED!!!!!!!!

So now we need to up our production of domestic oil, DRILL< Yes but not for lower gas prices but for the big picture less dependency on imported oil. Lower gas price pressure is the excuse to galvinize the support to get the tree huggers out of the way and create a bogus national emegnency to jack up congress to blow the lobbyists and let' um drill drill drill.

So are we really the smart ones after all. We went to every country in the world drilled and pumped them almost dry. If we are to believe the world shortage Theory. Sort of like golbal warming, So now we come back home and tap our vast reserves and live happy on our own.

Great you want to drill pass down some relief at the pump.. You still have plenty of money to drill.

And Jack take a look at world war II industrial ramp up and production of equipment. We can get and build and train and have anything we put our collective minds to. The chinese are not the only ones who can build stuff. You just have to make it worth while for americans to get off thier toucas and go to it. We have an estmated 11,000,000 man imported work force looking for jobs; Why not the awl bidness!!!!

Offshore Drilling Isn't the Answer - Supply and Demand Is

Here we go again. Another puppy who got the diluted sanitized politicaly correct history book. Anybody can have a blog, ummm go figure. The american people when backed into a corner have always done some amazining things, You know there are many different quick energy solutions, You all might want to get used to nuculear energy, and T. Boone Pickens is spending money on ads for wind energy. If you dig a little deeper you will find a patent owned by an oil company. I had the the rights to use it in the late 70's . It is a process that runs ethynol thru a catylitc converter and cracks the molecules from ethynol into Hi Octane gasoline, ya thats right GAS from veggies, beets have more suger then corn, however corn mash dried is DDG. Distillers dried grain, thats hi grade cattle feed as a by product. We estimated a cost at the pump of 1.00 might get to 2.00 today. Still cheap and renewable. You beef price gets cheap as well. You see if your just trying to whip a frenzy of fear, and try to drive prices back up. It might work for a little while. If make Americans mad and Fed up. Watch out. Oh by the way oil is just the currant rodeo roundup. Gold next? Silver. It's just about puppies making money. Oh by the way the roads on the last 2 holidays were pretty empty. Smelled a bunch of good cooking on the wind. Guess that is why stockpile are up and the analysts were so very wrong,