sophocles

How $30/Barrel Oil Could Save the World

If and when demand comes back, you cannot just flip the switch and get it going. This guy is like people who think electricity comes out of your wall and food is grown in supermarkets. You have a depleting asset which is crucial for the survival and growth of civilization, you pay today or you pay tomorrow. Killing off domestic oil producers (low prices, high taxes) will only increase our dependence on foreign oil.

How $30/Barrel Oil Could Save the World

Let's forget the Saudis and the Iranians for a moment; even they don't have unlimited supply at any price. What does $30 oil do to our independent oil producers in the USA? Mexican Cantarrel is in severe decline, Mexico will cease to be an exporter soon. How many oilfields can you name to replace depeleting oilfields? There was a lot of fanfare about the Brazilian Tupi, which is not viable with oil under $60. Canadian oil sands are no go too.

How $30/Barrel Oil Could Save the World

Like Dr.C, I also feel 'manipulating' oil price down to $30 by bureaucrats and politicians will only lead to spikes in the future as investment falls off the cliff. OPEC lowered its demand projection until 2013 because of recessions (I don't know recessions will last that long) and biofuels (dubious). What did they do in response to this? They cut oilfield investment by a third. US domestic production is falling even at today's prices. At $30 it will fall hard, Canadian oilsands won't come online. Cutting our nose to spite Iran sounds like a brilliant idea though. Why don't we just commit mass suicide so that there is no consumer of oil and OPEC is toast? It seems like you can publish anything here and seem like an expert.

Understanding the Dollar's Reversal: Who Will Feel the Pain?

I don't understand your comment on fertilizers. You are saying nat gas may get hit and nitrogen producers can get hit as a result. Nat Gas is an input for nitrogen, so lower NG helps nitrogen-producers.

12 Stocks Poised to Profit from Energy, Infrastructure in 2010

Three more companies to benefit from Natural Gas Vehicles:

FSYS, WPRT, CLNE

A Coal Stock for Your Stocking, Part 2

thermal coal competes against NG, there has been some coal-to-NG switching already as demand for NG by electric companies went up even though demand for electricity has dropped. I think coal becomes competitive again with NG at about 5.10. I am long mostly met coal companies where contract price is about $130/t and is expected to rise over $160/t because of the demand from China and India

How $30/Barrel Oil Could Save the World

I agree with you on most points but it won't be a great thing for oil to stabilize at 30, it will kill our oil industry and alternative energy. Supply will fall off the cliff all over the world, oil will spike whenever there is any sign of economic recovery and choke it off immediately.

How $30/Barrel Oil Could Save the World

seekingalpha.com/artic...

This one is much better

How $30/Barrel Oil Could Save the World

The deflation we have bought on ourselves because of credit-driven spending above our means will starve our funds and will lower demand for oil and other things as we spiral down. But we have our printing presses to rescue us.

Copper, Gold and Coal Poised to Break Out

It is not just his charts. He has the knowledge and intuition to be in the right sectors. Copper and met coal are the sweet spots of BRIC growth. I am overweight, own all the companies he mentions, bought FCX at 16.95 in January, the rest and also TCK during March 6-9.

How $30/Barrel Oil Could Save the World

With a price that is lower than the MC of our own oil producers, we will be left with ignorant rants against the likes of Saudi and Iran (Iranian, Indian and Russian support for the Northern Alliance helped topple the Taliban). Iran does not want taliban in power in Afghanistan or Pakistan.

How $30/Barrel Oil Could Save the World

BB, why make it complicated by bringing up the fact that there would be very little supply at $30? But that is in the future, we live by the day. Oil goes to $30, we run our printing presses 24/7, we are rescued, problems with our unfunded wars, unfunded medicare/social securtity, trillions of dollars of deficits, zombie banks, foreclosed McMansions, bankrupt auto companies, double-digit unemployment are melted away. We go back to the days of big houses and cars and free-wheeling spending with our credit cards. Who says you cannot have it all and there is no free lunch?

Don't Believe Long-Term Oil Forecasts

www.guardian.co.uk/env...

$300/Barrel Oil Is Coming - Barron's Interview

buyitcheap: WLL, EOG, BEXP. CLR are some names with presence in Bakken

XTO Energy Just Picked a Bad Day To Announce Earnings

I was perplexed by the market reaction even though oil and NG were down. XTO announced a 26m share offering yesterday. Big boys may have known about this, so they could easily short and then cover from secondary offering later.