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

To: 8bits who wrote (70138)	1/2/2011 9:11:05 AM
From: carranza2	1 Recommendation Read Replies (3) \| Respond to of 218722

Great article. It posed a great question. So how do we adapt? We look at what the big boys do, IMO. Specifically, Exxon, whose oil reserves have shrunk but somehow continues to be the single largest entity in the world. Its profits have surged as its production and its reserves have declined. Moreover, its exploration budget has shrunk. It is not looking very hard for new oil. It has a few large projects in Russia and Indonesia but I think its experience in Venezuela has tempered its appetite for acquiring reserves in places where political reversals can cause huge losses. How does Exxon plan to stay at the top of the heap? By being extremely far-sighted. And not being stupid. A look at what it has done to prepare to dominate the future of energy indicates that it has tons of cash. Although it distributes a lot of it to shareholders, it also historically has bought back huge amounts of shares it keeps as treasury stock to use in making really big acquisitions. This is of course how the company became known as ExxonMobil. Using treasury shares to make acquisitions is really smart, IMO. Its latest huge acquisition in this regard was Exchange Oil and Gas (XTO), a natgas producer. Read this to see where XOM is going: nytimes.com Note that there are next to no investments in politically dicey places and that the demand for natural gas has gone up in relation to the demand for oil. So, yes, though Rubin's article was very good, it ignored natural gas, whose price has been going down thanks to enormous discoveries of it. See this, too. oilandglory.foreignpolicy.com When the world slowly turns to natural gas, as it eventually and inexorably will, it is going to find the familiar Exxon logo staring at it again. But it will be known then less as an oil play than as a natural gas behemoth. The USA's dependence on foreign oil can be very substantially diminished by using more natural gas in the transportation sector. It is cleaner and a more efficient use of energy than electric cars. A lot of electricity is already generated by natural gas and it therefore makes no sense to use gas to make electricity then power vehicles electrically. Why not simply use natural gas as the fuel in the first place? This IMO will happen. Electric vehicles IMO are DOA. An interesting chart: ferc.gov Natural gas prices IMO are low in the US because there is so much of it. But more important, the 'substitute gas for oil' game has not really started. Once a lot of oil-using stuff starts using natural gas, the price should go up. As oil goes higher, the substitution game will be an increasingly significant factor. It's all about energy, folks. It would be a mistake IMO to reflexively count out the US economy when it has a sure, clean and relatively inexpensive source of energy. We'd really be in good shape if the political class were as farsighted as Exxon management. The other place with lots of gas is Russia. Unfortunately, it is becoming more and more of a criminal country - what do you expect of a place ruled by a former KGB officer? The Europeans have very little of it, and will have to depend on the Russians. Don't know much about China's gas supplies.

To: 8bits who wrote (70138)	1/2/2011 4:44:27 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 218722

Jeffy does not address the natural gas situation in the US for one... essentially she is saying USD will maintain reserve status.. tarsands ... LOL.. and they explain oilsands (sorry tarsands) ... two different ways... has she heard of THAI ? She is off the... alarmist.. Oh... the birds in the tailings ponds card LOL.. She reminds me of the robot in Lost in Space.. Love to know how many flights she takes a year.. Then there is this: Message 27062642

To: 8bits who wrote (70138)	1/2/2011 6:12:26 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 218722

8bits... I apologize I stuck two posts together... the one to you should have ended with the NG line..

To: 8bits who wrote (70138)	1/3/2011 8:37:46 AM
From: dvdw©	1 Recommendation Read Replies (1) \| Respond to of 218722

2011 will be the year that the origin and source of OIL will be properly attributed to true Source....meteor impacts, there was never anything fossil about oil....only extrapolations from ignorant self serving pogroms designed to fleece dumb and dumber. Will the next peak oil mouthpiece please step forward.......oila energybulletin.net This piece is an embarrassment of malfeasance. Bought and paid for, positioning for the next contrivance. truly embarrassing rationalizations throughout....all extrapolated from the bliss that comes from positioning outcome based programs for the lines which form behind dumb and dumber. counterprogramming this mouthpiece; check THIS out: bakkenshale.net bakkenshale.net The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable... at $107 a barrel, we're looking at a resource base worth more than $5..3 trillion. "When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst. "This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana, through North Dakota and into Canada .. For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves.... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL! That's enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006! U. S. Oil Discovery- Largest Reserve in the World Stansberry Report Online - 4/20/2006 Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling? They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates: - 8-times as much oil as Saudi Arabia - 18-times as much oil as Iraq - 21-times as much oil as Kuwait - 22-times as much oil as Iran - 500-times as much oil as Yemen - and it's all right here in the Western United States . HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY? James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post. Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists? Got your attention yet? Now, while you're thinking about it, do this: Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices - by doing NOTHING, you forfeit your right to complain. investigations.com