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g8trgr8t

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  • Money Dries Up For Oil And Gas, Layoffs Spread, Write-Offs Start [View article]
    and in April 08, after it was apparent that fission was still a pipe dream, he decided that much oil should be left in the ground for future generations


    (Reuters) - Saudi Arabia's King Abdullah said he had ordered some new oil discoveries left untapped to preserve oil wealth in the world's top exporter for future generations, the official Saudi Press Agency (SPA) reported.

    "I keep no secret from you that when there were some new finds, I told them, 'no, leave it in the ground, with grace from god, our children need it'," King Abdullah said in remarks made late on Saturday, SPA said.
    Jan 18, 2015. 10:50 PM | Likes Like |Link to Comment
  • Everything Has Changed: Oil, Saudi Arabia, And The End Of OPEC [View article]
    what exactly is going to replace the ICE? and what is going to power ships and airplanes if not oil?
    Jan 12, 2015. 10:29 PM | 7 Likes Like |Link to Comment
  • What Is Saudi Arabia Thinking? [View article]
    Bingo. SA is not happy with Iranian and Russian support in Syria and although they cannot / will not send in troops against Assad they will send out tankers full of oil to cripple the finances of those states that continue to support Assad. They are using their resources to fight an economic war with the countries supplying bullets and $$ to Assad. US shale is just caught in the crossfire but will survive as most land is now held by production and banks are willing to roll debt out as they know that these low oil prices will create instability in several countries that will ultimately lead to a reduction in supply.

    SA probably went short oil 6 months before they drove the price down and are now spending those earnings accumulating interests in US shale companies at discounted prices that they can then unload when they get the rest of OPEC and Russia to agree to let them keep their new and improved market share.
    Dec 17, 2014. 11:49 AM | Likes Like |Link to Comment
  • Is This The End Of The 'Shale Oil Bubble?' Or The Beginning? [View article]
    or maybe they shorted oil hard and are growing bigger
    Dec 15, 2014. 02:48 PM | 2 Likes Like |Link to Comment
  • Is This The End Of The 'Shale Oil Bubble?' Or The Beginning? [View article]
    Between Kuwait, UAE, and SA their sovereign wealth funds control appx $3 trillion in assets. Maybe GS is a subsidiary of them at this point.
    Dec 15, 2014. 12:53 PM | Likes Like |Link to Comment
  • Is This The End Of The 'Shale Oil Bubble?' Or The Beginning? [View article]
    Do you think that maybe low price oil in countries that need high price oil like Iran, Nigeria, Venezuela..... will lead to "political events" that end up disrupting supply?
    Dec 12, 2014. 10:18 AM | 5 Likes Like |Link to Comment
  • Is This The End Of The 'Shale Oil Bubble?' Or The Beginning? [View article]
    Have to agree with this. With most of the land now held by production there is no major rush to drill that is forcing them to spend. Curtail capex to get cash flow neutral and service the debt and wait it out all while working on tuning the completion techniques. That is a luxury that did not exist last time.

    I just wonder how much of the industry is being bought up by the Saudi's at these low prices. Drive the price down, buy up the companies, go long oil, and then reduce output. Seems like they could make just as much or more money that way than by selling their oil.
    Dec 12, 2014. 10:13 AM | 18 Likes Like |Link to Comment
  • Saudis cut crude oil prices to U.S., oil futures slide [View news story]
    What shell companies is SA using to buy up the debt and shares of these companies while they are distressed? If you could drive the price down and buy the company while it is distressed then cut production and watch the value of that debt and those shares you just bought rocket wouldn't you?
    Dec 4, 2014. 10:50 AM | 1 Like Like |Link to Comment
  • A Few Quick Observations On Crude [View article]
    not to mention the impact on the bond markets both here and abroad. there is a lot of debt worldwide that is secured with oil that is subject to fail and dry up the liquidity in certain parts of the bond market
    Dec 4, 2014. 10:27 AM | 1 Like Like |Link to Comment
  • A Few Quick Observations On Crude [View article]
    yes it could, just like cheap oil could jeopardize the high yield debt market here and all the rosneft bonds worldwide.

    Kind of odd to think that cheap oil could have a destabilizing effect on the entire worldwide economic machine.

    Could cheap oil end up being a black swan that is the catalyst for the next great economic collapse?
    Dec 4, 2014. 10:23 AM | 1 Like Like |Link to Comment
  • A Few Quick Observations On Crude [View article]
    have to wonder if SA is not buying up large positions in the shale plays after they drove them down. I mean they don't really care where they make their money so if they make it from US oil instead of their oil what does it matter?
    Dec 4, 2014. 10:15 AM | 1 Like Like |Link to Comment
  • A Few Quick Observations On Crude [View article]
    mix light crude with heavy sour to help their refineries process it and their pipelines transport it
    Nov 30, 2014. 10:11 PM | 1 Like Like |Link to Comment
  • A Few Quick Observations On Crude [View article]
    Saudi's have Iran and Russia square in the cross-hairs too. This isn't just about US production, they are a little perturbed about Russia and Iran in Syria and are fighting a war with their oil. US shale is just caught in the crossfire to a large degree
    Nov 28, 2014. 07:10 PM | 2 Likes Like |Link to Comment
  • A Few Quick Observations On Crude [View article]
    One would have to wonder how long Venezuela, Mexico, Iran, Iraq, Nigeria, Brazil and many other countries that rely on $100 oil to keep their citizens at bay through expensive social programs will be able to fend off social unrest. Cheap oil could be a fire that ignites civil wars or social unrest within some of their larger producers that would then result in a cut to the supply.
    Nov 28, 2014. 06:54 PM | 7 Likes Like |Link to Comment
  • A Few Quick Observations On Crude [View article]
    Every barrel of foreign oil imported into this country represents a suitcase full of cash and economic activity leaving this country.

    We did not have the tech to recover the oil in 1930 or 1950 or 1990 or 2010 that we have today. Next year the tech will be even better. Even with the best tech today (including EOR) we still only recover 12 - 15% of the oil in place. Continuing to send billions daily to those that would not think twice about destroying your country is not a very smart choice.

    This country achieved greatness by using our natural resources and ingenuity to generate wealth which we have been transferring to other countries for the last 30 years as our energy dependence continued to grow. Continuing to send billions overseas while not utilizing our resources is foolish. Your assertion that our resources are limited does not match very well with the ever growing number of oil and gas discoveries occurring across the continent or the large percentage of each being left in place awaiting even better technology to increase the % recoverable.
    Nov 28, 2014. 06:43 PM | 6 Likes Like |Link to Comment
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