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cashewking

cashewking
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  • Will OPEC 'Throw In The Towel'? (Part 2) [View article]
    Do we really know what price the Saudi's are actually selling for here. It may be lower than most think which would drive down WTI.
    Jul 28, 2015. 08:57 AM | Likes Like |Link to Comment
  • Halcon - Extreme Mispricing Creates Opportunity [View article]
    Surprised the author can break away from the mirror long enough to write this article.
    Jul 26, 2015. 10:44 AM | 3 Likes Like |Link to Comment
  • Why The Federal Reserve Could Better Achieve Its Mandate Through Oil Market Intervention [View article]
    I don't want the Saudi's to dump oil here and destroy our industry. We have anti dumping laws and that is what they are doing in a predatory manner. It isn't profits, it is US jobs and destruction of an industry that took years to build. Maybe we should start dumping US products everywhere in the world subsidized by the US government just like the Saudi's , China and others do.
    Jul 26, 2015. 10:37 AM | Likes Like |Link to Comment
  • Will OPEC 'Throw In The Towel'? [View article]
    Yes, of course that is correct. But the Saudi's have know for years the US was attempting to increase their own production. They have lost business here but it is Russia, Iraq ,Nigeria etc that is adding more oil to the market that competes with SA in Asian markets.
    Jul 26, 2015. 10:25 AM | Likes Like |Link to Comment
  • Brazil clears BG-Shell merger, BG says [View news story]
    RDSA is a long term buy and 6% dividend.
    Jul 26, 2015. 10:11 AM | 2 Likes Like |Link to Comment
  • Will OPEC 'Throw In The Towel'? [View article]
    Shale producers are not the competition for the Saudi's! It is everyone else.
    Jul 25, 2015. 09:28 AM | Likes Like |Link to Comment
  • Will OPEC 'Throw In The Towel'? [View article]
    Not enough pipelines to move nat gas to markets. Many electric generation plants do not have direct access to pipelines. New England doesn't have many pipelines coming up from the producing areas. When more users can get it by pipeline prices will go up.
    Jul 25, 2015. 09:23 AM | Likes Like |Link to Comment
  • Will OPEC 'Throw In The Towel'? [View article]
    I THINK YOU'RE CORRECT AND I THINK THE LOSS OF OFFSHORE DRILLING WILL CAUSE A REAL OIL SHORTAGE IN A FEW YEARS.
    Jul 25, 2015. 09:20 AM | Likes Like |Link to Comment
  • Will OPEC 'Throw In The Towel'? [View article]
    I don't see how the shale drillers are the real competition for the Saudis. Of course, they are not selling here as much as they did in the past. But their real competition is Russia, Iraq and the rest of OPEC. If we allow oil to be exported then we are a direct competitor to the Saudis, but not now.
    Jul 25, 2015. 09:18 AM | Likes Like |Link to Comment
  • Will OPEC 'Throw In The Towel'? [View article]
    If prices stay too low it seems that offshore projects don't get financed and big oil puts off exploration. PBR will be forced to cut back and smaller drillers will not get financing. We could then have the opposite a global oil deficit of 5 million barrels a day in 2017-2018 and oil is back over 100 per barrel.
    Jul 25, 2015. 09:12 AM | Likes Like |Link to Comment
  • Will OPEC 'Throw In The Towel'? [View article]
    I doubt the glut of crude theory. If we have 1.5 million barrels a day too much that is 546 million barrels a year which could be taken off the market for less than 30 billion. There are loads of companies, governments who can afford that if they had storage. 30 billion is nothing, meanwhile the Saudi's are losing lots more. What if the Obama administration and the Saudi's thought we would have a global recession this year and the way out was to lower oil to stimulate world growth. I know this is a bit out there, but even cheap oil is not stimulating growth and a global recession is very possible. 1.5 million barrels a day out of 92 million barrels used world wide each day hardly seems as if it should cause prices to drop in half from last year.
    Jul 25, 2015. 09:08 AM | 2 Likes Like |Link to Comment
  • Why The Federal Reserve Could Better Achieve Its Mandate Through Oil Market Intervention [View article]
    I don't care if it is the Fed or Dept of Energy but I do care about US jobs and the domestics energy industry. What all the proponents of low oil forgot was the ancillary effect on all the jobs and other related industries which are many supporting the oil industry.
    Jul 24, 2015. 09:31 PM | Likes Like |Link to Comment
  • Why The Federal Reserve Could Better Achieve Its Mandate Through Oil Market Intervention [View article]
    I agree 100% why should we allow the Saudis to destroy our industry and wreck have with employment and peoples lives.The Saudis are now buddying up to Putin for who knows what reason? But probably not good for us.
    Jul 24, 2015. 09:22 PM | Likes Like |Link to Comment
  • Why The Federal Reserve Could Better Achieve Its Mandate Through Oil Market Intervention [View article]
    Your proposal is the best idea I have seen since the drop began last summer ! We risk jeopardizing our own industry at unsustainable prices that have had little benefit for the overall economy. We have created a deflationary spiral along with the strong dollar that is hurting US multi nationals and our exports. if the Fed raises rates in September watch out for a global recession. Oil this weak creates a psychology of fear that is not conducive to a growing economy.
    You have my vote for energy czar and I would like to see a North American energy alliance with Mexico and Canada.
    Jul 24, 2015. 09:19 PM | Likes Like |Link to Comment
  • EIA Says U.S. Oil Production Has Peaked, For Now [View article]
    How are drillers going to finance their drilling for 2016 when banks stop lending as their risk amounts due to lower prices. It would seem drilling will drop sharply when the financing well dry's up leading to less production in 2016. If the world gets any growth back in 2016 we may find due to new projects especially offshore wells that have been shut in a big spike in prices.
    Jul 24, 2015. 09:09 PM | Likes Like |Link to Comment
COMMENTS STATS
668 Comments
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