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

To: clochard who wrote (158744)	10/21/2011 8:16:40 AM
From: Salt'n'Peppa	12 Recommendations Read Replies (1) \| Respond to of 206093

OT - sort of clochard, I checked your profile just for kicks and your last 50 posts are all about bashing oil (and these mysterious "oilmen" your keep referring to) and the banksters (who you refer to as wanksters - nice one Lip!). Not one of your last 50 posts contain any energy investment ideas, which is what this board is all about. Strangely though, you state that you are a middle-aged Englishman who invests in derivatives. How can anyone continually bash banksters while trying to make money on derivatives? The two go hand in hand. Member 3776817 I am confused. You obviously have an audience here but it would be nice if you would occasionally post an investment idea or two and earn your right to post here. S&P

To: clochard who wrote (158744)	10/21/2011 10:52:12 AM
From: teevee	5 Recommendations Respond to of 206093

clochard, Reverse-engineer the logic of the oilmen and their limited investment horizon: the lack of any plans to build refineries and other value-adding infrastructure for tar sand oil and fracking gas can lead to any of the following assumptions: 1. The environmental damage of the extraction processes is so large that the oilmen fear the legal and liability backlash. 2. The depletion is so fast that the oilmen will have to move on to fresh fields to sully. 3. The economics are only possible during times of high energy prices and speculation funds provided by their partners in crime, the bankers. Contrary to your opinion, upgrading and refining capacity in western Canada has grown over the last decade (ie Shell upgrader and refinery). Pipeline capacity for refined product to the west coast is being upgraded to handle larger volumes (Kinder Morgan), and companies like Sassol are spending serious money on feasibility studies for synthetic diesel and jet fuel, and naptha from natural gas in western Canada. Non of these items make front page news, but they do make news if you are inclined to pay attention. The pace of energy developments is controlled by gov't approvals and permits, and availability of materials and man power. Vertically integrated development has been at the limits of growth for two decades now. Energy sector growth in Western Canada has grown to the point where future growth is now capped by pipeline takeaway capacity for oil and natural gas. Oil sands expansions and new oil sands developments (ie Exxon's Kearl project) are underway to dovetail with the opening of the XL pipeline. With over a century of supply locked up in the ground, more oil and gas, and refined product pipeline capacity is being built and planned for industry and governments to monetize these resource assets sooner than later.