Author Topic: Oil  (Read 9374 times)

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Offline Compressed-Village

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Re: Oil
« Reply #15 on: November 11, 2017, 10:27:40 PM »
RIG — Stands to make a big comes back. At these prices, they are a bargain. Time to load up more.

Offline morekaos

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Re: Oil
« Reply #16 on: November 12, 2017, 08:43:56 PM »
$60 oil is the sweet spot. If we get to that price and hold everybody is happy. The producers make lots of money the consumer is not too angry and the country exports a fortune and reduces its deficit. Couple that with the export of natural gas and that’s a formula for winning

....and then...

Crude's rally could be poised to test $60 per barrel, according to T3Live

https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html

Offline eyephone

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Re: Oil
« Reply #17 on: November 13, 2017, 10:54:33 PM »
RIG —� Stands to make a big comes back. At these prices, they are a bargain. Time to load up more.

How about chk?

Offline morekaos

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Re: Oil
« Reply #18 on: December 27, 2017, 06:35:42 AM »
$60 oil is the sweet spot. If we get to that price and hold everybody is happy. The producers make lots of money the consumer is not too angry and the country exports a fortune and reduces its deficit. Couple that with the export of natural gas and that’s a formula for winning

....and then...

Crude's rally could be poised to test $60 per barrel, according to T3Live

https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html

...and then

As oil passes major milestone, here’s what 2018 could hold

On Tuesday, WTI crude surged to its highest level since mid-2015, surpassing the $60-per-barrel milestone right before it settled, as an explosion at a pipeline in Libya prompted the loss of around 90,000 barrels of crude.

https://www.cnbc.com/2017/12/26/as-oil-passes-major-milestone-heres-what-2018-could-hold.html


Offline morekaos

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Re: Oil
« Reply #19 on: February 01, 2018, 11:16:41 AM »

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Offline OCLuvr

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Re: Oil
« Reply #20 on: February 01, 2018, 11:50:26 AM »
Shouldn't this bring prices down?

Offline morekaos

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Re: Oil
« Reply #21 on: February 14, 2018, 12:18:41 PM »
Oil World Turns Upside Down as U.S. Sells Oil in Middle East

The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil.

Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December, according to data from the federal government. A tanker sailed from Houston and arrived in the Persian Gulf last month.

https://www.bloomberg.com/news/articles/2018-02-06/u-s-oil-heads-to-middle-east-in-latest-sign-of-shale-s-spread

U.S. could become world's biggest oil producer in 2018

The United States could soon be pumping more oil than any country on earth.
The International Energy Agency said Friday that "explosive" increases in U.S. oil output would push the country ahead of Saudi Arabia this year and put it in a position to challenge top producer Russia.

"This year promises to be a record-setting one for the U.S.," the IEA said. "Relentless growth should see the U.S. hit historic highs."

http://money.cnn.com/2018/01/19/investing/us-biggest-crude-oil-producer-iea/index.html

Winning!

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Offline fortune11

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Re: Oil
« Reply #22 on: February 14, 2018, 12:59:24 PM »
Oil World Turns Upside Down as U.S. Sells Oil in Middle East

The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil.

Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December, according to data from the federal government. A tanker sailed from Houston and arrived in the Persian Gulf last month.

https://www.bloomberg.com/news/articles/2018-02-06/u-s-oil-heads-to-middle-east-in-latest-sign-of-shale-s-spread

U.S. could become world's biggest oil producer in 2018

The United States could soon be pumping more oil than any country on earth.
The International Energy Agency said Friday that "explosive" increases in U.S. oil output would push the country ahead of Saudi Arabia this year and put it in a position to challenge top producer Russia.

"This year promises to be a record-setting one for the U.S.," the IEA said. "Relentless growth should see the U.S. hit historic highs."

http://money.cnn.com/2018/01/19/investing/us-biggest-crude-oil-producer-iea/index.html

Winning!

Sorry to prick your balloon, but you do realize the so called "shale revolution" happened under Obama's watch, right  (2010 onwards). 

Obv Obama had no hand in it , it was the result of American ingenuity .

I keep coming back to .. . " never mix your money w your politics" :)

Offline morekaos

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Re: Oil
« Reply #23 on: February 14, 2018, 01:15:01 PM »
More like Obama couldn't get in the way..

Congressional Leaders Agree to Lift 40-Year Ban on Oil Exports

Accord is a key component to deal on tax, spending legislation.

Dec. 16, 2015 10:38 a.m. ET
WASHINGTON—In a move considered unthinkable even a few months ago, congressional leaders have agreed to lift the nation’s 40-year-old ban on oil exports, a historic action that reflects political and  economic shifts driven by a boom in U.S. oil drilling.

The measure allowing oil exports is at the center of a deal that Republican leaders announced late Tuesday on spending and tax legislation. However, Democrats haven’t confirmed the agreement. the agreement hands the oil industry a long-sought victory within days of a major international climate deal that is aimed at sharply reducing emissions from oil and other fuels, a deal opposed by the industry and one that will arguably require its cooperation.

https://www.wsj.com/articles/congressional-leaders-agree-to-lift-40-year-ban-on-oil-exports-1450242995

U.S. Energy Boom Depends On Team Trump Continuing To Deregulate

With such deregulation and changes in policy, there would be an opportunity for U.S. oil and gas production to reach its full potential. There would be greater incentives for more domestic exploration and production. Some studies say that allowing U.S. crude oil exports could generate up to $15 billion in annual revenue for oil producers.

And if conducted in tandem with increased investments in infrastructure and the repeal of the Jones Act, unrestricted exports would provide a boon for domestic oil development, generating economic growth, income, jobs and revenue along the production chain.

https://www.investors.com/politics/commentary/u-s-energy-boom-depends-on-team-trump-continuing-to-deregulate/
« Last Edit: February 14, 2018, 01:27:31 PM by morekaos »

Offline morekaos

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Re: Oil
« Reply #24 on: February 14, 2018, 01:26:34 PM »
You really think he wanted to encourage energy production?  Really?

The Keystone XL pipeline is dead. Here's why Obama rejected it.


https://www.vox.com/2015/11/6/9681340/obama-rejects-keystone-pipeline

Obama administration orders ND pipeline construction to stop
BY DEVIN HENRY - 09/09/16 03:52 PM EDT
120,927
   

The Obama administration said it would not authorize construction on a critical stretch of the Dakota Access pipeline, handing a significant victory to the Indian tribe fighting the project the same day the group lost a court battle.

The administration said construction would halt until it can do more environmental assessments.

http://thehill.com/policy/energy-environment/295223-obama-administration-orders-nd-pipeline-construction-to-stop

Obama Fracking Rule Is Struck Down by
Court

By CORAL DAVENPORT JUNE 22, 2016
WASHINGTON — A federal judge on Tuesday night struck down an Obama
administration regulation on the use of hydraulic fracturing, or fracking, for oil and
gas on public lands, a blow to President Obama’s muscular stand on the extraction

https://www.nytimes.com/2016/06/23/us/politics/hydraulic-fracturing-interior-department-regulations.html

Offline Irvinecommuter

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Re: Oil
« Reply #25 on: February 14, 2018, 01:27:16 PM »
You really think he wanted to encourage energy production?  Really?

The Keystone XL pipeline is dead. Here's why Obama rejected it.


https://www.vox.com/2015/11/6/9681340/obama-rejects-keystone-pipeline

Obama administration orders ND pipeline construction to stop
BY DEVIN HENRY - 09/09/16 03:52 PM EDT
120,927
   

The Obama administration said it would not authorize construction on a critical stretch of the Dakota Access pipeline, handing a significant victory to the Indian tribe fighting the project the same day the group lost a court battle.

The administration said construction would halt until it can do more environmental assessments.

http://thehill.com/policy/energy-environment/295223-obama-administration-orders-nd-pipeline-construction-to-stop

Obama Fracking Rule Is Struck Down by
Court

By CORAL DAVENPORT JUNE 22, 2016
WASHINGTON — A federal judge on Tuesday night struck down an Obama
administration regulation on the use of hydraulic fracturing, or fracking, for oil and
gas on public lands, a blow to President Obama’s muscular stand on the extraction

https://www.nytimes.com/2016/06/23/us/politics/hydraulic-fracturing-interior-department-regulations.html

Apparently oil is the only method to produce energy.

Offline morekaos

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Re: Oil
« Reply #26 on: February 14, 2018, 01:30:22 PM »
The wonderful and profitable bi-product is massive amounts of natural gas production.  In fact, the most productive fields on earth are right here in the good old US of A.  Controlled by us and sold by us.  That is  a winning combination for our economy.

Offline Irvinecommuter

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Re: Oil
« Reply #27 on: February 14, 2018, 01:40:24 PM »
The wonderful and profitable bi-product is massive amounts of natural gas production.  In fact, the most productive fields on earth are right here in the good old US of A.  Controlled by us and sold by us.  That is  a winning combination for our economy.

Of course...Keystone XL pipeline was to be use to transport Canadian tar sand oil out of Canada.

Offline morekaos

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Re: Oil
« Reply #28 on: February 14, 2018, 01:52:59 PM »
To our southern refineries and eventual consumption or export.  Either way it means energy based economic profits.  Obama's administration stifled that growth.

Offline fortune11

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Re: Oil
« Reply #29 on: February 14, 2018, 01:55:26 PM »
Again facts versus “feelings “

Unfortunately I am resigned to looking at hard data :) as opposed how I feel what someone wanted or not wanted

Obv I don’t like Trumps corrosive effect on our country  . At the same time , I don’t like majority of CA Dem politicians  either . but when it is a choice (relative value) I can live w the dems over the abyss that is trump and his hardcore base

Doesn’t stop me from participating in the stock market when it sells off 10 percent  , because I am not “sulking “ but looking at objective data

Oil and gas companies have long been sheltered from taxes under every administration . And most laws governing oil production are state level laws , not federal .

 

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