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

To: Haim R. Branisteanu who wrote (101649)	6/27/2013 7:43:43 AM
From: dvdw©	1 Recommendation Recommended By Cogito Ergo Sum Read Replies (1) \| Respond to of 220282

Not even close. NOC's project oil revenues required to buy the politics of the respective territory and plan for some level of deficit spending. Failure to meet production compromises the politics, while turning the planned for deficits into lower rated credit liabilities that might fall far enough to break the politics which underpin the whole central planning complex. Beyond this, the capital equipment, labor, infrastructure, waste in disuse. Agree that crudes a controlled market. yesterday paid 3.49 per gallon for a product that should have cost 1.85.... why it didn't is systemic...NOCs can leave oil in the ground at some prices....150 per bar.,but those NOC's are nt good at managing capital. Saudi Arabia, has managed the oil market like the pros they are, pumping into high prices...maximum production. We should see them flip their viewpoint soon and begin to capture ever more market share at much lower prices. assumptions about oil are upside down and getting more so by the day... you can not just be fully prepared for the past and expect to make it, the worlds HOG of OIL resources USA is about to disconnect......from the mature complex of NOC's which have grown up around this demand.

To: Haim R. Branisteanu who wrote (101649)	6/27/2013 8:50:00 AM
From: ggersh	Respond to of 220282

Paper, rock, scissors and paper always win's, my thinking that supply and demand played at least a small part goes down the drain. -sigh-

To: Haim R. Branisteanu who wrote (101649)	6/27/2013 12:52:27 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 220282

Not so sure about zero cost.. many jurisdictions.. you drill or lose your lease.. that was part of what drove NG down so cheap.. they couldn't 'just leave it in the ground' ... no the same as money in the mattress...

To: Haim R. Branisteanu who wrote (101649)	6/28/2013 3:32:31 AM
From: Maurice Winn	1 Recommendation Recommended By dvdw© Read Replies (1) \| Respond to of 220282

OPEC is a silly 12 year old boys club. 10 - 12 year old boys love club huts and secret meetings and ganging up against the rest. With maturity, 12 year old boys should develop an eclectic sense of humanity with a producing, trading, voluntary association economic approach. While Saudi Arabia and a few swing producers can [in the short term] increase and decrease production to keep prices constant, in the long run, oil is simply energy and energy is what the Cosmos is made of - it's available in an infinite array of ways, such as photovoltaics, fusion reactors, lower entropy losses [larger heat transfer surfaces], insulation, and to the extent oil reserves are just financial instruments, gold [which is made from oil - though some people think that's a bit of a stretch to claim], and the standard alternatives such as coal, methane, cellulose, tars, geothermal, wind, waves, uranium, smaller vehicles, reduced line losses, clothes, and whatnot. OPEC can't control the production of more than a minuscule fraction of the production of energy equivalents. That's why oil ranges from $10 a barrel to $100 a barrel over a few short years. It's out of control. Since gold is made from oil, gold varies from $280 an ounce to $1900 over a similar time, give or take a bit. Governments are often run by 12 year old boys with arrested development too [maybe they missed out on that development phase]. Hence the Edward Snowden situation, with spying on each other, gangs, secrets, threats of violence and actual violence. Pathetic really. Fit for chimps but not more highly evolved primates. Mqurice