Thursday 21 February 2008
By JAB on Thursday 21 February 2008, 22:20 - Rants and raves - Anything you want to discuss.
CNN did a 'broken government' special on how ethanol is being pushed for
political purposes but doesn't solve environmental issues or
dependence on foreign oil. It was an enlightening look at of
how ethanol doesn't work but is being sold to the American public. Points
made:
- ethanol plants are run on coal, one of the worst polluting fossil
fuels.
- making ethanol requires 29% more fossil fuel than energy that comes
out.
- cars run on ethanol require 20-30% more fuel.
- the government is planning to subsidize ethanol production (our tax
dollars) to the tune of $5 billion per year.
- if all the corn in the USA was used for ethanol, it would only account for
7% of the fossil fuel used.
- and guess where a great deal of corn and ethanol is produced? -
Iowa. I have you heard of the Iowa caucuses.
What do you think about ethanol?
And why are we not looking at natural gas for fuel as it burns clean and we
have the reserves?
Google what T. Boone Pickens says about natural gas, a person who
knows. Also the ratio on a BTU basis for natural gas vs. oil is around
6. Therefore on a BTU basis natural gas is like $50 a barrel oil.
So its cheaper, burns cleaner and we can source it in the USA. See
www.oilandgasinvest.com for the
graphs of natural gas and oil.
Monday 11 February 2008
By JAB on Monday 11 February 2008, 20:46 - Market prices, etc
RROYO GRANDE, Calif. (MarketWatch) -- Hollywood tag lines fit Exxon
Mobil's $40 billion profit as well as the movies: "There will be Blood. There
will be Greed. There will be Vengeance."
Our "war of civilizations" is not of theologies but a primal
battle to control basic resources essential to survival. Yes, there is blood
... and oil ... and greed ... and vengeance ... and wars for survival.
www.marketwatch.com/news/story/you-vote-megabubble-next-bring/story.aspx?guid=%7BFC99D4EE%2D3C21%2D45F7%2DBD77%2D9F6513CCC244%7D&siteid=yahoomy
Continue reading...
Sunday 3 February 2008
By JAB on Sunday 3 February 2008, 19:11 - Market prices, etc
Historically, oil prices have run at something around 6 to 1 versus natural
gas prices, with the correlation reflecting their BTU equivalent. So if
oil prices were $30 then natural gas would be $5. However in the past
year there has been an increasing divergence of oil prices compared to natural
gas prices. The current ratio is 11 to 1. So is oil over priced? Or, is
natural gas under priced?
See the graphs at www.oilandgasinvest.com
Thursday 31 January 2008
By JAB on Thursday 31 January 2008, 22:20 - Rants and raves - Anything you want to discuss.
Blow up pool - $125. Electric mini grill - $79. Beer - $65.
Flip flops - $3. Being able to grill while never leaving the comfort of
your blow up pool - Priceless !
Yes, that is a power cord being floated on the flip flops.
Wednesday 30 January 2008
By JAB on Wednesday 30 January 2008, 08:38 - Market prices, etc
WASHINGTON - The Federal Reserve is likely to follow its bold action last week
to battle an economic downturn with further interest rate reductions, although
analysts are split on just what size the future cuts will be. That would mean
the Fed will cut its federal funds rate, the interest that banks charge each
other, by a quarter point at the conclusion of Wednesday's meeting. It would be
the fifth rate cut since last September. Last week, the Fed announced a
surprise three-quarter-point cut which drove the funds rate down to 3.5
percent. It was the largest reduction in this rate in more than two decades and
the first change in the funds rate between meetings since the immediate
aftermath of the September 2001 terrorist attacks.
[|http://news.yahoo.com/s/ap/20080130/ap_on_bi_ge/fed_interest_rates_28|en]
Continue reading...
Thursday 24 January 2008
By JAB on Thursday 24 January 2008, 22:21 - Private Oil Companies and Broker/Dealers
Please provide any private oil companies or broker/dealers you know of.
[NOTE: Any investments listed on this blog are not endorsed or related to in
any way to OilandGasInvest.com LLC. In other words, do your due diligence
because we have not, and we accept no responsibility for investment decisions.
Please read disclaimers on Home page at www.oilandgasinvest.com for risks of
investing in oil and gas, including the fact that may lose all or a portion of
your investment and investments may be very illiquid and have a high
amount of expense related to them. This is for informational and educational
purposes only. Persons considering these investments must be accredited,
sophisticated, and qualified to make them.]
Thursday 17 January 2008
By JAB on Thursday 17 January 2008, 17:35 - Market prices, etc
If you haven't read Stephen and Donna Leeb's book, The Oil Factor, I highly
recommend it. I only wished I would have read it earlier. Published
in 2004, it describes among other things increased commodity/energy prices and
inflation as well as the possible impact on various asset classes. What
do you think about The Oil Factor? Did this book accurately predict where
we are today? Where we are heading? Provide your comments and views.
Wednesday 16 January 2008
By JAB on Wednesday 16 January 2008, 15:03 - Rants and raves - Anything you want to discuss.
Michael Schirber Special to LiveScience LiveScience.com Tue Jan 15, 5:31 PM
ET Editor's Note: This article is part of an occasional LiveScience series
about ideas to ease humanity's impact on the environment
http://news.yahoo.com/s/livescience/whateverhappenedtowindenergy;_ylt=Ao5MY4WwIg6._3vLdOSOe0gDW7oF
Continue reading...
By JAB on Wednesday 16 January 2008, 14:00 - Market prices, etc
NEW YORK (MarketWatch) -- U.S. stocks
on Wednesday edged off earlier declines, with badly beaten financial and
consumer stocks helping pave the way higher amid easing commodity prices and
less-disappointing-than-anticipated results from two large
banks.
Continue reading...
By JAB on Wednesday 16 January 2008, 13:40 - Market prices, etc
U.S. stocks turn mixed as Intel outlook disappoints Dow turns positive as
commodity prices ease; crude falls below $90 a barrel By Kate Gibson,
MarketWatch Last update: 12:29 p.m. EST Jan. 16, 2008 NEW YORK (MarketWatch) --
U.S. stocks on Wednesday edged off earlier declines, with badly beaten
financial and consumer stocks helping pave the way higher amid
Continue reading...
Tuesday 15 January 2008
By JAB on Tuesday 15 January 2008, 08:26
Reuters reported that oil prices have eased to around $94 a barrel on Tuesday
due to concerns of a recession in the USA.
Continue reading...
Sunday 13 January 2008
By JAB on Sunday 13 January 2008, 21:07 - Rants and raves - Anything you want to discuss.
Oops. Tube blown out in Canada. This picture was making the rounds in certain
oil and gas circles.
By JAB on Sunday 13 January 2008, 20:19 - Market prices, etc
SYDNEY (Reuters) - Oil fell on Monday, extending the past three sessions'
decline, as the growing threat of a U.S. economic downturn outweighed supply
worries in Iran and Nigeria. ADVERTISEMENT U.S. light crude for February
delivery fell 23 cents to $92.46 a barrel by 0106 GMT. U.S oil settled down
$1.02 at $92.69 a barrel on Friday, dragged down by fears of a potential U.S.
economic recession. "There was some bullish news out of Iran and Nigeria that
could have pushed up oil prices, but Asian markets are focusing on the health
of U.S. economy for now," said Gerard Burg, a resource analyst at National Bank
of Australia (NAB) in Melbourne.
Continue reading...
Friday 11 January 2008
By JAB on Friday 11 January 2008, 10:40 - Market prices, etc
- Reuters
- Thursday January 10 2008
By Maryelle Demongeot
SINGAPORE, Jan 10 (Reuters) - Saudi Arabia is unlikely to offer extra
crude for February to Asian buyers, even after oil hit $100 last week, as most
refiners have little need and ability to process additional heavy sour crude,
refining sources said.
The kingdom raised term exports to Asia by a tenth for November to full
contracted volumes after it convinced other OPEC members to boost daily output
by 500,000 barrels from Nov.1, in response to a jump in prices past $80 a
barrel for the first time in September.
Continue reading...
By JAB on Friday 11 January 2008, 10:37 - Market prices, etc
Appears to be a flight to commodities. Could this be from expected
inflation and devaluation of the US Dollar if the Fed lowers interest
rates? Provide your views.
http://www.marketwatch.com/news/story/gold-tops-900-rate-cut-speculation/story.aspx?guid={EDB4C4A5-AECB-4D75-A84C-C040E69826BC}&siteid=yahoomy
Thursday 10 January 2008
By JAB on Thursday 10 January 2008, 15:53 - Market prices, etc
By JAB on Thursday 10 January 2008, 07:44 - Market prices, etc
Based on the article, this is going to increase the number of cars in India
significantly. This car is 50% price of the next cheapest.
http://news.yahoo.com/s/ap/20080110/ap_on_bi_ge/india_ultracheap_car;_ylt=Av7PKFig94__sP9tzsy_Ce4DW7oF
[|http://news.yahoo.com/s/ap/20080110/ap_on_bi_ge/india_ultracheap_car;_ylt=Av7PKFig94__sP9tzsy_Ce4DW7oF|en]
By JAB on Thursday 10 January 2008, 07:41 - Market prices, etc
Wow, that's impressive increase in cars. The full link for the article is
below. Cut and paste into your web browser.
http://www.marketwatch.com/news/story/toyotas-sales-china-rise-62/story.aspx?guid={71AE0066-FD44-4121-8F33-CBF4400EEA50}&siteid=yahoomy
[|http://www.marketwatch.com/news/story/toyotas-sales-china-rise-62/story.aspx?guid={71AE0066-FD44-4121-8F33-CBF4400EEA50}&siteid=yahoomy|en]
Wednesday 9 January 2008
By JAB on Wednesday 9 January 2008, 08:07 - Rants and raves - Anything you want to discuss.
This picture was making the rounds in the oil community. Received this
picture from a friend who is in charge of operations for large independent in
Texas...wasn't one of his wells.
By JAB on Wednesday 9 January 2008, 07:37 - Market prices, etc
Interesting article, particularly as OPEC has indicated that it sees no
change in production levels.
WASHINGTON, Jan 8 (Reuters) - The world will be even more dependent on OPEC this year for its oil supply as production sags from key non-cartel members Mexico and Norway, the U.S. Energy Information Administration said on Tuesday.
"World oil demand will continue to grow faster than oil supply outside of
the Organization of the Petroleum Exporting Countries in 2008, leaving OPEC and
inventories to offset the upward pressure on prices," the EIA said in its
monthly outlook. OPEC supplies about a third of global oil demand.
The EIA forecast tight oil supplies in 2008, with U.S. crude oil prices
averaging $87.21 a barrel over the year, after prices briefly eclipsed the key
$100 a barrel mark last week....
Link to full article here.
http://uk.reuters.com/article/oilRpt/idUKN0850109020080108
Monday 7 January 2008
By JAB on Monday 7 January 2008, 18:07 - Rants and raves - Anything you want to discuss.
Post or discuss anything you would like to share with the group. It can
range from entertaining to enlightening to funny.