Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (131089)	3/23/2012 6:25:30 PM
From: hdl	Read Replies (1) \| Respond to of 132070

they were heavily leveraged. there is an excess supply of natural gas.

To: Knighty Tin who wrote (131089)	3/28/2012 3:55:44 AM
From: GuinnessGuy	Read Replies (1) \| Respond to of 132070

Looks like Citibank has released an analysis of the shale oil situation. Their thinking turns out to be even more optimistic than mine(and I thought I was dreaming). I can't access the report exactly but some parts of it were published in SI here: Message 28040748 [SNIP]The U.S. alone could add 6.6 million bpd to bring liquids from 9 million bpd at end-2011 to over 15.6 million bpd in 2020-22. In total, North America as a whole could add over 11 million bpd of liquids from over 15 million bpd in 2010 to almost 27 million bpd by 2020-22.[Snip] That would mean we'd be close to break even or maybe even better than that if we can continue with more efficient transportation. I wonder if it's a good time to buy a long term leap put on oil prices? I would think that this is a ripe time to do exactly that, especially if you think we're in for another downturn in that timeframe. Any ideas how to do this? Crude oil futures options? Craig