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  • Shell's Arctic drilling plan too risky, ex-BP boss Browne says [View news story]
    Browne was busy politicking and forgot to remind his drilling engineers TO PUMP CEMENT BEHIND THE CASING at Macondo. So you get what you get.

    Shell will be fine in the Beaufort. My guess is that it will be a big discovery. And with a real good cement job.
    Aug 18, 2015. 12:07 AM | 2 Likes Like |Link to Comment
  • North Atlantic Drilling names Sevan Drilling CEO McReaken as new CFO [View news story]
    You are right, the Saudis will not be bankrupt in two years. However, four years of $40/bbl oil and they will be in the same boat as all the U.S. oil producers that are tanking right now.

    It would be a classic case of Mutually Assured Destruction.

    Since the Saudis are no fools, it is clear that the current oil price scenario will not continue until that time. For a long term investor four years is nothing. Pick your entry point.
    Aug 17, 2015. 11:24 PM | 4 Likes Like |Link to Comment
  • The Oil Price War Might Have A Surprising Loser [View article]
    The Saudis knew that if the U.S. shale production incline curve continued on its unprecedented rise that there would be too much oil for the market to accept. They knew that somebody was about to lose market share, and they made the decision that it would not be themselves. I'm sure that when they first saw 1200 U.S. rigs laid down they thought that their plan was working. But apparently, the resilience of the domestic industry has been somewhat unexpected. Their plan will work in time, but I think it is clear now that it may cost them more than they expected.
    Aug 6, 2015. 07:37 PM | 4 Likes Like |Link to Comment
  • ConocoPhillips - 'The Dividend Is Safe' [View article]
    What I like about COP management is that they are adjusting to the rapidly changing price situation in real time. They are not asleep at the wheel.
    Aug 4, 2015. 02:19 AM | 7 Likes Like |Link to Comment
  • When The Fed Begins To Tighten, Quality Stocks Matter [View article]
    If you think I will sell my oil at $10.00/bbl you are nuts.

    I will turn the HOA switch off and take a vacation.
    Aug 3, 2015. 02:43 AM | Likes Like |Link to Comment
  • Rude Awakening For Those Who Ignored The Energy Markets' Warning Signs [View article]
    In the 70's and 80's the Saudis sold lots of barrels for $20 to $30 that cost them maybe $5/bbl to produce. Sweet for them. Margins, OMG!!!

    Times have changed.

    Incremental Saudi barrels now cost the same as anywhere else in the world, like $30 to $40/bbl.

    Why they are posturing that they can continue to deliver cheap barrels when they cannot is a political issue, not an engineering issue.
    Jul 27, 2015. 01:02 AM | 1 Like Like |Link to Comment
  • Leaner ConocoPhillips Poised To Capture Oil Recovery And Is Trading At 38% Discount [View article]
    Jerry - WTI is a higher grade oil than Brent, but Brent sells at a $6 premium worldwide to WTI. Why? Because there is too much WTI concentrated in the US. If we were allowed to move WTI out of the US the Brent/WTI spread would go to zero. The result would be US producers would get a higher price, helping them to stay in business, and US gasoline prices would drop, since gas prices are tied to world Brent price. Win, win for US operators and consumers, not so good for the North Sea operators.
    Jun 28, 2015. 11:23 PM | Likes Like |Link to Comment
  • GM Pokes Tesla With Chevy Bolt Development Progress Report [View article]
    Honda makes Crosstour - Chrysler made Crossfire
    Jun 25, 2015. 02:08 PM | Likes Like |Link to Comment
  • Canada sets carbon emissions reduction target of 30% by 2030 [View news story]
    No problem. Export that oil sand production, it becomes somebody else's problem.

    The root problem with capitalism is that all the smart people are in business and all of the dumbasses are in government.

    Heaven help us.
    May 16, 2015. 02:05 AM | 3 Likes Like |Link to Comment
  • Tesla Short Interest Hits 13-Month High [View article]
    I quote you:

    "there also have been some concerns about Tesla's large spending habits."

    Apr 27, 2015. 01:31 AM | 3 Likes Like |Link to Comment
  • The 'War On Cash' Migrates To Switzerland [View article]
    We have the same trouble here in the U.S. The govt figures that anyone that wants more than $10,000 in cash is a criminal of some sort, drug dealer or some such.

    The problem is that the govt keeps inflating the dollar so that before long $10,000 won't buy a loaf of bread.

    Then what?
    Apr 26, 2015. 10:53 PM | 1 Like Like |Link to Comment
  • A Further Rise In Crude Oil Prices Facing Headwinds Near Term [View article]
    So, after the Saudis crashed world oil price and put a hit on the service companies they found that they could get 150 rigs drilling for the same total daily drilling cost as 100 rigs last year. These guys are pretty smart. I'll bet their drilling budget hasn't changed much.
    Apr 26, 2015. 10:38 PM | Likes Like |Link to Comment
  • Despite Low Oil Prices, Schlumberger Stock Is A Great Investment [View article]
    SLB screwed their employees again. It wasn't the first time. I will not invest in a company that ALWAYS pays management first.

    They are scum sucking DOGS.

    Sometimes I forget that this is a stock website, and that in the big picture with most oil companies, long term, dedicated employees don't really matter, only the stock price matters.
    Apr 20, 2015. 02:49 AM | Likes Like |Link to Comment
  • Cadillac And Audi Launch All-New Plug-In Hybrid Sedans In China: How Will This Impact Tesla? [View article]
    Elon Musk, warts and all, has built a company that has astounded everyone with it's products.

    The stock trades independent of what Elon can control, or of what you can do with your foolish rant.

    If you don't like the FED driven inflation of stock values, don't buy stock.

    Why don't you lay off of a true innovator? There aren't that many around these days.
    Apr 20, 2015. 01:43 AM | 4 Likes Like |Link to Comment
  • Tesla: It's Time To Accelerate [View article]
    Did you actually say that Tesla is not a business?

    Are you kidding?

    And you claim to be a contributor. SA just went downhill, big time.
    Apr 13, 2015. 02:09 AM | 9 Likes Like |Link to Comment