$this->bbcode_second_pass_quote('', 'Y')our promotions are a waste of time. You need to go back over conversations we've had over the years regarding SAGD and THAI and other expensive gimmicks and explain why they have never panned out.
I hope that you really don't think you understand this simple concept yet. Otherwise you just be a investment scam plant.
PeakOil is You
Peak Economy (was Oil Price Softening)
Re: Oil Price Softening? (from Challenge Thread)
by rockdoc123 » Sun 08 May 2011, 11:30:18
God you truly are thick. I point to the fact that SAGD has been produced at significant rates for the last 4 years from a Suncor/PetroCan field and you try to tell us that SAGD never panned out. Its producing, its obviously making profit or they wouldn't still be doing it. This doesn't mean that all SAGD projects will work but those are technical issues or dependent on the availability of gas for power or water for steam creation, and certainly not economic limit at anything over $80-/bbl.
The failure of THAI (to this point in time) also has nothing to do with EROEI. The problem Petrobank are having is control of the fire flood direction.
You are confusing a concept based on energy balance with micro-economics which is the prime driver in oil and gas investment decisions.
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rockdoc123 - Expert
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Re: Oil Price Softening? (from Challenge Thread)
by sparky » Mon 09 May 2011, 01:51:03
.
The research unit of Goldman Sach had warned three weeks ago of a popping of the oil and commodity bubble ,way before the Bin Laden business
From the Financial Times
"On Friday, Jeffrey Currie, Goldman’s head of commodities research, reiterated the bank’s call to sell the raw materials sector, saying: “Mounting downside risks to current exceptionally high crude oil prices are leading us to recommend an underweight allocation to commodities.”
they thus have good credibility , they warn of a severe supply squeeze for later in the year growing to a crisis by early next year
"We continue to see fundamentals tightening over the course of this year, "
"likely reach critically tight levels by early next year should Libyan oil supplies remain off the market. "
For all of us who didn't see it coming , console yourselves you are in illustrious company
Barclays capital got eggs all over their face , they dismissed Goldman warning .
and harsher still
" Clive Capital, the world’s largest commodity hedge fund, has been left nursing losses of more than $400m as a result of the dramatic collapse in the price of oil last week."
I don't know what is going on , but there is a lot of it
The research unit of Goldman Sach had warned three weeks ago of a popping of the oil and commodity bubble ,way before the Bin Laden business
From the Financial Times
"On Friday, Jeffrey Currie, Goldman’s head of commodities research, reiterated the bank’s call to sell the raw materials sector, saying: “Mounting downside risks to current exceptionally high crude oil prices are leading us to recommend an underweight allocation to commodities.”
they thus have good credibility , they warn of a severe supply squeeze for later in the year growing to a crisis by early next year
"We continue to see fundamentals tightening over the course of this year, "
"likely reach critically tight levels by early next year should Libyan oil supplies remain off the market. "
For all of us who didn't see it coming , console yourselves you are in illustrious company
Barclays capital got eggs all over their face , they dismissed Goldman warning .
and harsher still
" Clive Capital, the world’s largest commodity hedge fund, has been left nursing losses of more than $400m as a result of the dramatic collapse in the price of oil last week."
I don't know what is going on , but there is a lot of it
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sparky - Intermediate Crude
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Re: Oil Price Softening? (from Challenge Thread)
by dolanbaker » Mon 09 May 2011, 04:11:36
Brent has gained $2 already this morning, things are looking very skittish out there.
OPEC claim that the "speculative gain" is about $25 a barrel, looking at the recent flucturations, they maybe correct.
Was that a bear trap?
Could the price ramp up to $140+ (Brent) before crashing at the end of the summer...
OPEC claim that the "speculative gain" is about $25 a barrel, looking at the recent flucturations, they maybe correct.
Was that a bear trap?
Could the price ramp up to $140+ (Brent) before crashing at the end of the summer...
Religion is regarded by the common people as true, by the wise as false, and by rulers as useful.:Anonymous
Our whole economy is based on planned obsolescence.
Hungrymoggy "I am now predicting that Europe will NUKE ITSELF sometime in the first week of January"
Our whole economy is based on planned obsolescence.
Hungrymoggy "I am now predicting that Europe will NUKE ITSELF sometime in the first week of January"
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Re: The 2011 PO.com Oil Price Challenge
by evilgenius » Mon 09 May 2011, 10:53:35
$this->bbcode_second_pass_quote('Daniel_Plainview', '')$this->bbcode_second_pass_quote('ColossalContrarian', '')$this->bbcode_second_pass_quote('careinke', 'P')ops,
I fear your assessment may be correct. Oil prices seem to be collapsing for the last few days. Today alone we are down over 5%. Maybe oil is a leading indicator for an upcoming depression.
I fear your assessment may be correct. Oil prices seem to be collapsing for the last few days. Today alone we are down over 5%. Maybe oil is a leading indicator for an upcoming depression.
I would say it definitely an indicator for a deflationary depression which would justify QE3 thus sending commodities back up!
Looks like Ben is on a rollercoaster of inflation and deflation but he's always a few steps behind the curve. The moment he thinks of ending QE early everything deflates, then when inflation rears it's head he's forced to continue QE.
I don't think the wild swings are by design but if it get's Obama re elected and GS big bonuses he's doing his job.
We're in the same deflationary depression that began in September 2008. This 2008 Depression was never allowed to cure itself due to unprecedented govt/Fed intervention. The govt/Fed has now created a massively distorted economy which, like a heroin junkie, must remain on drugs lest a fast-crash happen. Except now, in 2011, the US is saddled with 14.4T in debt and cannot afford further massive bailouts and expensive govt stimulus. The US will respond with more money printing (QE3) which eventually will lead to a Wiemar Germany meltdown.
I agree with a lot of what you say, except the Wiemar meltdown. Hyperinflation is caused by a total lack of confidence in a currency. People will probably not be carting wheelbarrows full of dollars around to buy loaves of bread simply because of quantitative easing. It is much more likely that they will be vise clamping their last few dollars and wisely plotting which essential items they will buy with them.
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evilgenius - Intermediate Crude
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