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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: a.handbag. who wrote (152625)	6/13/2011 11:34:58 AM
From: CommanderCricket	Respond to of 206329

Good question.... Gave up on MHR and closed the remaining positions. It will now go up... Took the proceeds and purchased a few more shares of BTU. Looks like I may have come close to the bottom today.

To: a.handbag. who wrote (152625)	6/13/2011 11:40:58 AM
From: Sweet Ol	Respond to of 206329

You have to look at the total costs to the importer. A major might bring foreign crude they produce into their Gulf coast refinery. What are their actual lifting costs, royalties, and transportation costs to lay it in? What are there alternative markets? What are their long term contracts? In the long run basic economics win out, but in the short run it is much more complex. Best, JRH

To: a.handbag. who wrote (152625)	6/13/2011 11:54:34 AM
From: Salt'n'Peppa	5 Recommendations Read Replies (1) \| Respond to of 206329

"I do not understand why the U.S. chooses to import most of its 12 million barrels a day by tanker at a higher price than it would pay by taking Canadian oil by pipeline." Answer: Because the Rockefeller family (through Standard Oil...err, Chevron) own most of those oil tankers and they call the shots. Where do you think all the money for these anti-pipeline environmental and political lobby groups comes from? S&P