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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (36662)	7/7/2008 3:26:33 AM
From: TobagoJack	Read Replies (2) \| Respond to of 219592

:0) - china crashed already - shipping cost rise will hurt the least value-added stuff first, and when usa choose to produce socks that mexico wishes to do, it would be "game over" usa - game over will be when there is a bmw in every other garage in china am in beijing, flew standby early am, to meet american with power plant in philippines, may fly home tonight

To: energyplay who wrote (36662)	7/7/2008 7:46:59 AM
From: elmatador	Respond to of 219592

Eplay, pressure becoming unbearable. Emerging markets have to blow up else... Like in the late 70's P. Volcker is the solution. As long as it is applied to fleece the other guys :-) Bernanke's Emerging-Market Disciples May Heed Volcker bloomberg.com It is as klase puts: US wants the rest of the world to blink first. I also can't see they going tback to green coat, red book in hand to rice and tea. After seeing the goodies, they want more of it.

To: energyplay who wrote (36662)	7/7/2008 8:20:05 AM
From: elmatador	Respond to of 219592

High oil prices lead to 'gold rush' at ignored oil beds (Xinhua) Updated: 2008-07-07 13:47 Comments(0) PrintMailRIO DE JANEIRO -- Oil prices hit the headlines of international newsreels in recent days amid reports of record highs leading to a "gold rush" at previously ignored oil beds. The continuous price hikes have made places like Alaska suddenly part of oil companies' world map, which used to turn a blind eye to the known oil field in the US state as they thought it too expensive to exploit. Big oil fields in Kazakhstan are also among the newly discovered treasures, after years of being barely explored due to fears of high costs. Something similar is occurring in Brazil, where some oil beds have been known about for many years, but their perforation, operation and extraction were considered extremely expensive. The Brazilian ultra deep wells would yield commercial profits if prices dropped to 80 dpb, according to the Brazilian state oil company Petrobras. Although there is the need to perforate many wells to evaluate the size of the retrievable reserves, it is foreseen that the potential could hit 90 billion barrels. Analysts say the newly found abundance of oil will give Brazil remarkable advantages in moments when its economy starts to face difficulties. But rising oil prices have also increased the cost of the platforms and the rent of maritime drills. According to Helder Queiroz, a professor from the Federal University of Rio de Janeiro, 27 projects of platforms that should have started production in 2008 have been delayed. The rent of drills, which stood at a daily 70,000 not long ago, has jumped to $600,000. However, Brazil does not balk at the price changes as the country acknowledges its need for platforms, drills and all other equipment related to oil prospecting and extraction. Brazil is attracting a number of international companies as the country has not meet the current demand by Petrobas for equipment for several more years. The country boasts an order book of $100 billion, that covers 49 oil ships, 146 offshore support vessels and 40 pieces of drilling equipment. The circumstances explain the optimism of Petrobas's chief Jose Sergio Gabrielli, who said recently in Madrid that "nobody is inoculated against a big crisis, but we are getting vaccines against the small ones." While expecting further tapping of the country's oil potential, Petrobras will start to produce ethanol in cooperation with the Japanese company Mitsui. It targets some 4.7 million of cubic meters of ethanol for exports in 2012, as well as 1.6 million cubic meters of bio diesel. Brazil expects to fulfill the national energy targets to become an oil and ethanol exporter as early as 2010.

To: energyplay who wrote (36662)	7/27/2008 1:58:32 PM
From: elmatador	Read Replies (1) \| Respond to of 219592

"I only have one enemy, and that's foreign oil," he said. "That's what I want to get rid of. My plan will reduce our dependency on foreign oil by 38 percent." T. Boone Pickens is calling on the U.S. government to take steps to reduce the nation's dependence on foreign oil. He is promoting an energy plan that features wind and natural gas - a proposal he discussed with lawmakers at a congressional hearing Tuesday. ... But Gal Luft, executive director of the Institute for the Analysis of Global Security, took issue with Pickens' support of natural gas as an alternative to gasoline for transportation. He told the committee that 63 percent of the world's natural gas reserves are under the control of Russia, Iran, Qatar, Saudi Arabia, and the United Arab Emirates, and that these countries are working to establish a natural gas cartel that will rival the Organization of the Petroleum Exporting Countries, or OPEC. "This is a spectacularly bad idea for us to shift our transportation sector from one resource that we don't have to another that we don't have," said Luft. "So we don't want to give at this point in time a gift to Iran." Luft advocates using alcohol-based fuels instead, such as ethanol and methanol - which can be made from agricultural waste, coal and industrial trash. voanews.com