[Plantagenet]

$this->bbcode_second_pass_quote('rockdoc123', ' ')I believe the government needs to realize the challenge and pull its thumb out. There needs to be research incentives for additional developments in solar, wind and nuclear and the various think tanks need to start looking at what the energy balance might look like if proper conversions were done so that natural gas could be used more as a liquid fuel offset (GTL or propane). But someone has to get the ball rolling. It doesn't help that the government still doesn't see the looming problem.

[mmasters]

$this->bbcode_second_pass_quote('Pops', '
')Personally, I can't see us replacing oil as we waste it today - we employ approximately 26 oil slaves (just oil slave, working 8/7/365 @100w/hr) for every man, woman and child in the world. That's a tall order. But I can see us dialing our use in the rich world way back from the 144.5 slaves each and every person in the US uses.

[Revi]

The market is not telling what's up today.

http://www.zerohedge.com/news/crude-com ... ket-halted

What does this mean? Is it just that NYMEX is off line or is something happening?

The barrel cost is stuck at $100. Where is it actually?

[Pops]

http://www.cx-portal.com/wti/oil_en.html

[Pops]

$this->bbcode_second_pass_quote('mmasters', 'A')s long as you're in the top 50% you should be ok for this lifetime.

[babystrangeloop]

$this->bbcode_second_pass_quote('babystrangeloop', 'O')h look, here comes another economic alteration.
$this->bbcode_second_pass_quote('', '[')b]Greece Debt Drama Is Downside Risk to $100 Oil: Survey
Sri Jegarajah / CNBC / February 12, 2012

Oil prices will likely consolidate around $100 a barrel this week though any move higher will be capped by market uncertainty on what happens next in Greece. On Sunday night, Greek leaders passed new austerity measures crucial to receiving a second bailout package, but violence in Athens marred the vote.

... This week, consensus opinion in CNBC's oil sentiment survey suggests the market will continue to shrug off negative headlines from Europe though any upside move will be limited. Out of ten respondents, 60 percent expect prices to rise, twenty percent expect prices to fall and the remaining twenty percent are calling for prices to remain stable. ...

[babystrangeloop]

$this->bbcode_second_pass_quote('', '[')b]Oil Gains as Greek Approval of Austerity Plan Bolsters Economic Optimism
By Mark Shenk / Bloomberg / February 13, 2012

... Crude oil for March delivery increased $2.23 to $100.90 a barrel at the 2:30 p.m. close of floor trading on the New York Mercantile Exchange. Futures are up 18 percent from a year ago.

CME Group Inc.’s Globex crude and products markets have been halted “due to technical issues,” the company said in a notice posted on its website. There are no oil price ticks after 2:04 p.m. CME is the parent company of Nymex. ...

[mmasters]

$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('mmasters', 'A')s long as you're in the top 50% you should be ok for this lifetime.

[Pops]

No, I meant that for most people "top 50%" just means you make bigger payments not that they are immune to shrinkage.

Half of households say they couldn't come up with $2k cash for an emergency - including a quarter of those making over $100k.

So if my system just shrinks and I have no backup and I can't make the mortgage I don't lose a little, I lose everything. It doesn't matter that my system was 2 or 5 or 50 times larger than average.

Obviously at some level"bills" become irrelevant but that's way above 50%.

http://crasstalk.com/2011/06/american-h ... ncy-funds/

[mmasters]

Yeah that's another thing, credit starts drying up and saved money and income producing assets become more relevent it may be only the top 30% or so that will fare alright for this lifetime. I'm waiting to see class warfare targeted towards the 1% brew up in the US. I think that's what the occupy wall st movement is really the beginning of.

$this->bbcode_second_pass_quote('Pops', 'N')o, I meant that for most people "top 50%" just means you make bigger payments not that they are immune to shrinkage.

Half of households say they couldn't come up with $2k cash for an emergency - including a quarter of those making over $100k.

So if my system just shrinks and I have no backup and I can't make the mortgage I don't lose a little, I lose everything. It doesn't matter that my system was 2 or 5 or 50 times larger than average.

Obviously at some level"bills" become irrelevant but that's way above 50%.

http://crasstalk.com/2011/06/american-h ... ncy-funds/

[babystrangeloop]

$this->bbcode_second_pass_quote('babystrangeloop', '')$this->bbcode_second_pass_quote('', '[')b]Oil Gains as Greek Approval of Austerity Plan Bolsters Economic Optimism
By Mark Shenk / Bloomberg / February 13, 2012

... Crude oil for March delivery increased $2.23 to $100.90 a barrel at the 2:30 p.m. close of floor trading on the New York Mercantile Exchange. Futures are up 18 percent from a year ago.

CME Group Inc.’s Globex crude and products markets have been halted “due to technical issues,” the company said in a notice posted on its website. There are no oil price ticks after [Feb 13] 2:04 p.m. CME is the parent company of Nymex. ...

[sjn]

Algorithmic traders created an oscillation around 100-101 by buying and selling in sufficient volume to move the market between trigger points.

[sparky]

.
pop-s headline post is so far my thinking too
a big unknown is Iran which has massive , cheap and easily acessible reserves

of course a change of policy by the U.S. or a regime change would be needed

Don't relly on the NY quoted West Texas price
it used to be The reference , now it's just a politico traders play thing
the Brent is better and better still the OPEC basket
it used to be the lowest of the three now it's on par with Brent
and that is for way heavier crude grade


That's real shipped crude , not some imaginary , extinct re -blended pretend grade
http://www.opec.org/opec_web/en/data_gr ... b=annually

[ralfy]

"Running dry"

http://www.economist.com/blogs/dailycha ... onsumption

[AdamB]

$this->bbcode_second_pass_quote('', '
')The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday. FILE PHOTO: A gas station attendant pumps fuel into a customer's car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly Song/File Photo The Paris-based IEA raised its forecast for oil demand growth in 2018 to 1.4 million barrels per day, from a previous projection of 1.3 million bpd, after the International Monetary Fund upped its estimate of global economic growth for this year and next. Oil demand grew at a rate of 1.6 million bpd in 2017, the IEA said in its monthly market report. However, the rapid rise in output, particularly in the United States, could well outweigh any pick-up in demand and begin to push up global oil inventories, which are now

[Plantagenet]

$this->bbcode_second_pass_quote('', ' ')Oil demand grew at a rate of 1.6 million bpd in 2017, the IEA said in its monthly market report. However, the rapid rise in output, particularly in the United States, could well outweigh any pick-up in demand and begin to push up global oil inventories

[misterno]

Here is what I do not understand

US Oil production increased so much that it will be no 1 producer in 2018. Russia is having 30 year high oil production and yet oil is above $66

What am I missing here? Is this because demand is increasing faster than supply?

[Tanada]

$this->bbcode_second_pass_quote('misterno', 'H')ere is what I do not understand

US Oil production increased so much that it will be no 1 producer in 2018. Russia is having 30 year high oil production and yet oil is above $66

What am I missing here? Is this because demand is increasing faster than supply?

[misterno]

$this->bbcode_second_pass_quote('Tanada', '')$this->bbcode_second_pass_quote('misterno', 'H')ere is what I do not understand

US Oil production increased so much that it will be no 1 producer in 2018. Russia is having 30 year high oil production and yet oil is above $66

What am I missing here? Is this because demand is increasing faster than supply?