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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: InvesTing who wrote (37638)	8/4/2008 6:55:38 PM
From: sea_biscuit	Respond to of 42834

You are too stuck-up in the "liberal" rant. It may get Limbaugh and his listeners through an hour of his program, but doesn't add much to a serious and intelligent discussion on oil. I get my info from sources like IEA, EIA, analysts like Matt Simmons (who advised George W Bush's administration), Charlie Maxwell, Colin Campbell, George Blake, Joe Dancy, Jim Puplava et al. Care to point out to me which of these are liberal?! If you don't, then I have to conclude that you are using the "liberal" rant as a convenient crutch. Nothing less, nothing more. And yes, of course, oil prices could fluctuate in the shorter run. They were $70/barrel a year ago. Come back if it goes below that level. Short of a massive, worldwide depression, there is no way that oil would fall that low ever again.

To: InvesTing who wrote (37638)	8/4/2008 7:03:34 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 42834

Here's what Jim Puplava said about the prospect for oil prices : So look – here’s what your tell-tale sign is of a bottom. I don’t know when the frenzy begins. Whether it’s 110, 115 or who knows, it’s 100. But when you see everybody in the media – and especially, this will be your tell-tale sign, “the bubble’s burst,” you’ll probably see it in a business magazine; they’ll be going gaga on CNBC. That is going to be a perfect entry point and that’s when you’re going to want to go in and pick as many energy stocks as you can. I don’t care if it’s international oil companies, natural gas companies, service companies because I can tell you this: peak oil is real, you have the International Energy Agency talking about it; they’re studying over 200 oil fields and they’re going to have a report out later on in the fall [...] I predict we will be going back up again and then when we do hit this bottom, whatever that number is, it’s going to be a v-shaped bottom and it’s going to be back up again. And you know, it’s amazing because everybody is saying the bubble is burst, it’s over. You know what folks, Brent crude prices even as low as they are now with this pull-back are still up 33% for the year; West Texas Intermediate crude is up almost 29% for the year. If we take a look at natural gas prices, they’re still up 25% for the year. And this is always the weak season for natural gas typically as we are building up our natural gas supplies. We begin doing that in April and we do that all the way up to October and then you get into November and the winter months and you start your drawdowns.

To: InvesTing who wrote (37638)	8/4/2008 10:05:41 PM
From: sea_biscuit	Respond to of 42834

Coming back from lunch I heard one of the talk show guys talking about Obama's big plan to inflate tires. Maybe we ought to divert air from blowing up basketballs and footballs and baloons so we can use it on tire. And perhaps we ought to put a huge tax on those blow up sex dolls so we can give that money to people to put the quarters in the machine to inflate their tires. So, in that case, you rule out Charlie Crist as McCain's running-mate?! :-) : "Some of McCain’s highest level supporters — Govs. Arnold Schwarzenegger (R-CA) and Charlie Crist (R-FL) — also agree with the value of inflating car tires properly: Both governors appealed to those with the real power to make change — average citizens — to drive slower, keep engines tuned and tires properly inflated, to buy hybrids and lower overall consumption. “We all do have the power. Let’s not wait for government,” Schwarzenegger concluded. “Energy prices are not going back to the good old days.” "

To: InvesTing who wrote (37638)	8/4/2008 10:23:43 PM
From: sea_biscuit	Respond to of 42834

The auto industry agrees that proper tire inflation can reduce gas consumption by 3 to 4 percent. gm.com ford.com What is the daily consumption of oil by automobiles in the US? About 9 million barrels of oil per day. Let's be generous and say that half of the American autos have tires already properly inflated. Even in that case, this would save 135,000 to 180,000 barrels of oil. Per day. Right now.

To: InvesTing who wrote (37638)	8/5/2008 1:10:29 PM
From: sea_biscuit	Respond to of 42834

The Tire-Gauge Solution : No Joke time.com How out of touch is Barack Obama? He's so out of touch that he suggested that if all Americans inflated their tires properly and took their cars for regular tune-ups, they could save as much oil as new offshore drilling would produce. Gleeful Republicans have made this their daily talking point [...] But who's really out of touch? The Bush Administration estimates that expanded offshore drilling could increase oil production by 200,000 bbl. per day by 2030. We use about 20 million bbl. per day, so that would meet about 1% of our demand two decades from now. Meanwhile, efficiency experts say that keeping tires inflated can improve gas mileage 3%, and regular maintenance can add another 4%. Many drivers already follow their advice, but if everyone did, we could immediately reduce demand several percentage points. In other words: Obama is right. [...]The real problem with the attacks on his tire-gauge plan is that efforts to improve conservation and efficiency happen to be the best approaches to dealing with the energy crisis — the cheapest, cleanest, quickest and easiest ways to ease our addiction to oil, reduce our pain at the pump and address global warming. It's a pretty simple concept: if our use of fossil fuels is increasing our reliance on Middle Eastern dictators while destroying the planet, maybe we ought to use less. The RNC is trying to make the tire gauge a symbol of unseriousness, as if only the fatuous believed we could reduce our dependence on foreign oil without doing the bidding of Big Oil. But the tire gauge is really a symbol of a very serious piece of good news: we can use significantly less energy without significantly changing our lifestyle.