How To Play Oil

[RL]

Hope I can get some In put on this. Should I be buying, selling or or going to cash? Seems like a good time to buy but at some point the shorts are coming

[diogenes]

Well, stay away from GW ?

[Lyehopper]

Go Bio....

Ray, maybe you should start a bio-diesel operation in your barn.... I think I'm gonna do it, plus it's a great way to disguise a distillery....

http://www.bioking.nl/

Karel.... The above link is for a company in your "neck of the woods." Could you check em out for me dude?

http://www.diyfuel.com/

http://journeytoforever.org/biodiesel_make.html

http://www.biodieselnow.com/

http://www.biodiesel.org/

[RL]

LYE U COULD MAKE iT FROM ALL THE PLOPS YOU HAVE.

[Lyehopper]

Anyone interested in biodiesel might like this blog....

http://biodieselamerica.org/josh_tickell_blog

[TFred]

Greetings,

I wouldnt want to pump any issue,but if your interested in oil,check out "Twilight in the desert" and www.Mcdep.com ,both are well respected in the energy sector.

Common thread running from these is that supply will have a hard time keeping up with demand.Right now GOM oil rigs are being sent to Saudi Arabia to look for extra supply.Its there,but in heavy sour state,not cheap to get or refine.SA is also using techniques just outlined this week in WSJ to get maximum return from depleting wells,something the US did before it went into massive decline.

It was funny to watch Squawk box on monday talking about an oil glut,and steep price declines,that show is a joke.I only watch CNBC Europe at night to get informed opinion,which most European analyst see oil going much higher,since no new major supply has come online in over 6 years.

Repsoil paid a huge premium for an aging Mexican field with 200 - 300 million bbls poss.reserves,thats 3 days of world oil consumption,oil needs to be above $85 for the deal to be profitable,either they are idiots,or know something the general public doesnt.

I agree with Kurt Wulff from Mcdep that oil will be $150 bbl by 2010,I know NBB strongly disagrees,based on chart analysis,yet IEA forecast over 100mill. bbl a day demand by 2010,yet 86 mill seems to be the max unless something replaces 14 mil bbls a day.

JMHO,
cordially Tom

[RL]

Tom thanks for your Input should keep me busy this week-end,but 150.00 a barrel?

[mrmarket]

Greetings,

I wouldnt want to pump any issue,but if your interested in oil,check out "Twilight in the desert" and www.Mcdep.com ,both are well respected in the energy sector.

Common thread running from these is that supply will have a hard time keeping up with demand.Right now GOM oil rigs are being sent to Saudi Arabia to look for extra supply.Its there,but in heavy sour state,not cheap to get or refine.SA is also using techniques just outlined this week in WSJ to get maximum return from depleting wells,something the US did before it went into massive decline.

It was funny to watch Squawk box on monday talking about an oil glut,and steep price declines,that show is a joke.I only watch CNBC Europe at night to get informed opinion,which most European analyst see oil going much higher,since no new major supply has come online in over 6 years.

Repsoil paid a huge premium for an aging Mexican field with 200 - 300 million bbls poss.reserves,thats 3 days of world oil consumption,oil needs to be above $85 for the deal to be profitable,either they are idiots,or know something the general public doesnt.

I agree with Kurt Wulff from Mcdep that oil will be $150 bbl by 2010,I know NBB strongly disagrees,based on chart analysis,yet IEA forecast over 100mill. bbl a day demand by 2010,yet 86 mill seems to be the max unless something replaces 14 mil bbls a day.

JMHO,
cordially Tom

Tfred is a genius. Where did he go?

[jiesen]

Tom thanks for your Input should keep me busy this week-end,but 150.00 a barrel?

yup, we're almost there... and two years ahead of schedule, thanks to the major hit the USD is taking right now.

[Karel]

On a related note: who wants to buy America?

Regards,

Karel

[billyjoe]

Karel,
I'll sell you my house and the land it's on for 2000 barrels of oil or 2333 rolls of pre-1965 U.S. quarters , or I'll make it easier, 14,000,000 empty pop or beer cans but you have to crush them and deliver to location of my choice. I'll throw in a '95 Honda Civic and a '93 Ford Taurus in the deal and 2 all day tickets to a nice amusement park. Heck, I'll even provide a chauffer to take you there.*

*this offer is null and void if oil drops below $140/barrel within next 30 days

---------------billy

[peanuts]

Billyjoe, oil will drop, and drop much much much much further than $140 (as already witnessed)

Exxon Mobil will begin production of Cebu oil this year (read the last line of this article)

Gazprom is bringing production online at their Shtokman Field this year also: (read about it here)

Well Mr. Demand.... here comes some Mr. Supply. And whoops! there goes the price of oil to $50.00

(this important post will be buried shortly)

[mrmarket]

Billyjoe, oil will drop, and drop much much much much further than $140 (as already witnessed)

Exxon Mobil will begin production of Cebu oil this year (read the last line of this article)

Gazprom is bringing production online at their Shtokman Field this year also: (read about it here)

Well Mr. Demand.... here comes some Mr. Supply. And whoops! there goes the price of oil to $50.00

(this important post will be buried shortly)

That would suck.

[New-born baby]

Billyjoe, oil will drop, and drop much much much much further than $140 (as already witnessed)

Exxon Mobil will begin production of Cebu oil this year (read the last line of this article)

Gazprom is bringing production online at their Shtokman Field this year also: (read about it here)

Well Mr. Demand.... here comes some Mr. Supply. And whoops! there goes the price of oil to $50.00

(this important post will be buried shortly)

Do you think India and China will pull back significantly on their consumption? And if oil hits $50, will India/China continue to grow their consumption of oil, thereby driving the price higher? Or will oil hit $50 even though India/China will continue to increase their consumption of oil?

I am thinking that oil will not fall that far. The President of PBR also says that oil will rise in the next five years.

[New-born baby]

Oil boom officially over

It's all over. Incredible to think so, but it is. The oil boom has O-fficially gone bust
today. Ya see, with a hurricane headed ashore to Texas, oil fell into the dumpster today.
Ordinarily that would send oil higher. But no, not today. And that is the official signal that the oil boom has gone bust. Just like the dot coms. It's all over.


NEXT!!