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Politics : Peak Oil reality or Myth, of an out of Control System -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (1214)	12/29/2014 7:03:58 AM
From: dvdw©	Read Replies (1) \| Respond to of 1580

Reaches U.S. Gulf, Puts Mexico on Defensive By Dan Murtaugh and Robert Tuttle 7 hours ago A price war is brewing between Canada and Latin America over who will satisfy U.S. Gulf Coast refiners' hunger for heavy oil. The new Seaway Twin pipeline will almost double the amount of heavy Canadian crude coming to Gulf terminals and plants to about 400,000 barrels a day starting in January, according to Calgary-based based ARC Financial Corp. The shipments are growing even without the Keystone XL pipeline, which has been delayed for six years because of environmental opposition. More from Bloomberg.com: The 94% Plunge That Shows Abenomics Losing Global Investors The Canadian supply will square off against crudes from Mexico and Venezuela that have traditionally fed refineries along the Texas and Louisiana coasts. State-owned Petroleos Mexicanos widened its discount for U.S. buyers in December by the most since August 2013. Valero Energy Corp. and Marathon Petroleum Corp., which invested in special equipment to refine heavy crude, stand to gain the most from the Canadian supply. "Something's going to have to give," said Ed Morse, Citibank's head of global commodities research in New York. "It's going to have to be combination of Latin American countries exporting less into the U.S. or Canadian crude being re-exported and competing with crudes in other markets, particularly Europe." finance.yahoo.com

To: dvdw© who wrote (1214)	12/29/2014 3:11:59 PM
From: dvdw©	Respond to of 1580

The oil market is no longer about oil prices, because all prices, are artifacts, of prevailing systems intent. Going forward the reader needs to learn to focus on the part about prevailing systems intent…... This piece details the decision making prowess of another oil patch, brazil…where politics enables bad decisions, corruption and a general lack of bandwidth. ft.com you can bet any amount, that the decision makers really did believe the internationals rhetoric that oil would be $200…and thus all the mal invested, mis appropriated capital could/would be hidden by the extrapolation of rising revenues and the largesse that would come with them. sorry….my job is input…..leaderships world wide have done it again…where oil is concerned….failed to do anything accept go along with momentum, not recognizing that assumptions about that markets foundations, were based on false information.