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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (63845)	6/15/2006 4:29:51 PM
From: stockfiend	Respond to of 110194

My point was a bit too subtle. I believe Oil is $70 because of what the Fed has been doing since late 2001 - printing money. If you print money in excess of what the productive capacity of an economy warrants, you devalue the money, leading market participants to demand more of it as compensation for their goods. If one accepts this premise, it follows that the Fed has the power to reverse the process by turning off the printing press.

To: patron_anejo_por_favor who wrote (63845)	6/15/2006 7:18:36 PM
From: shades	Read Replies (1) \| Respond to of 110194

Halliburton Eyes Deepwater, Unconventional Oil Technology (hooray - "no bid" contracts to find that HARD to find and extract oil - as for their heating up the heavy oil - let israel drop a few nuclear bombs into the oil fields over there - should heat it up good and make it flow eh? hehe We can retrofit all our cars with radiation proof gas tanks and the air problems will help kill off weak humans - sounds like a win/win fix to me) CALGARY (Dow Jones)--Halliburton Co. (HAL) is looking to develop cutting-edge technologies in a variety of fields, and its recently announced acquisitions strategy may help it to do so, a company executive said Thursday. Halliburton is especially interested in creating new technology for offshore deepwater oil and gas exploration and production, crude recovery from mature oil fields, and unconventional oil and gas production, Eric Johnson, Halliburton vice-president of marketing, told Dow Jones Newswires in an interview. Developing such technologies will enable Halliburton to continue to meet the needs of its customers, he said. Earlier this month, the Houston engineering and oil services conglomerate said that it was planning to become more active in acquisitions and planned to invest $1 billion to $2 billion a year in purchases. The new strategy is driven by the need to stay at the leading edge of technology, Johnson said. "We believe that we can develop technologies effectively in-house, but if we find companies that fit well into our portfolio, then we can look at acquisitions," he said. High on the company's priority list is finding ways to produce heavy oil more efficiently, Johnson said. In particular, he saw the use of new solvents, which could enable heavy crude to flow more easily and thus be moved to market more cheaply, as something that could change the fundamentals of heavy crude production. Other potential step-change developments include heating heavy crude oil reservoirs internally to increase the flow of crude, enabling more to be produced, he said. He speculated that developments like this could be behind moves such as Royal Dutch Shell's (RDSB) recent $400 million purchase of an oil lease in Alberta. The oil located in Shell's new asset is locked in a carbonate rock formation, and can't be produced profitably with current technology. "All of the majors are looking at heavy oil plays. They believe that there are technological breakthroughs that will enable regions like Canada's oil sands to be developed more efficiently than before," Johnson said. -By Norval Scott, Dow Jones Newswires; 403-531-2912; norval.scott@dowjones.com (END) Dow Jones Newswires June 15, 2006 17:16 ET (21:16 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 05 16 PM EDT 06-15-06