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  • #121,921
  • Nov 12, 2012 8:04am Nov 12, 2012 8:04am
Bought some EA @ 2187
Stop at 78

I am looking at 2240 ish first then, 2308 and 2350
  • #121,922
  • Nov 12, 2012 9:23am Nov 12, 2012 9:23am
the u.s. is estimated to be the worlds top oil producer by 2020, surpassing the Saudis and Russia. A 0 oil importer by 2035. Like I said game changer................
those who can, do. those who cant, talk about those who can
  • #121,923
  • Nov 12, 2012 9:31am Nov 12, 2012 9:31am
Quoting FibbinArchie
cheers, will give them a call later, but just wanted a few broker names as a plan b...
update- they've just emailed me a deed of release form for the other party, so hopefully once it's signed and returned, the account will remain live with me as the sole account holder... fingers crossed it all goes through without too much drama...
  • #121,924
  • Nov 12, 2012 9:52am Nov 12, 2012 9:52am
Quoting gatorinla
the u.s. is estimated to be the worlds top oil producer by 2020, surpassing the Saudis and Russia. A 0 oil importer by 2035. Like I said game changer................
Does that mean America will stop bombing brown ppl in ME?

Edit should add UK to that
  • #121,925
  • Nov 12, 2012 9:59am Nov 12, 2012 9:59am
Quoting stewrigh
Does that mean America will stop bombing brown ppl in ME?
no. but when the u.s. pulls out. it will be Europe and china's problem. the u.s. will not have to protect the king/prince. and the neighbors will destroy them. instead of the u.s. spending trillions in unknown cost. it will be others spending it.

to the question, no. if you shit in my yard, we will bomb you.
those who can, do. those who cant, talk about those who can
  • #121,926
  • Nov 12, 2012 10:04am Nov 12, 2012 10:04am
Quoting gatorinla
no. but when the u.s. pulls out. it will be Europe and china's problem. the u.s. will not have to protect the king/prince. and the neighbors will destroy them. instead of the u.s. spending trillions in unknown cost. it will be others spending it.

to the question, no. if you shit in my yard, we will bomb you.
I would imagine Israel might be a bit worried about this too.
  • #121,927
  • Nov 12, 2012 10:06am Nov 12, 2012 10:06am
Quoting gatorinla
we did get 39..
close above 2709 11
and get above 39 and 82 is a decent place.. to look.. the same as
Friday.. we got st tl r also in the 70ties.
39 is norm lately, but its only a 50% mark of norm.

ej did close on the bear side since last post. and the eu closed below also on the bear side, but not below 2998
the # is 2708 and 11.. we just closed above after a little test. above 2709 makes it clear.
those who can, do. those who cant, talk about those who can
  • #121,928
  • Nov 12, 2012 10:10am Nov 12, 2012 10:10am
Quoting stewrigh
I would imagine Israel might be a bit worried about this too.
probably. but that didn't go well last time.
those who can, do. those who cant, talk about those who can
  • #121,929
  • Nov 12, 2012 10:25am Nov 12, 2012 10:25am
Quoting gatorinla
probably. but that didn't go well last time.
America's Military-Industrial complex might have something to say as well
  • #121,930
  • Nov 12, 2012 10:44am Nov 12, 2012 10:44am
Quoting stewrigh
America's Military-Industrial complex might have something to say as well
they sell to some of them
those who can, do. those who cant, talk about those who can
  • #121,931
  • Nov 12, 2012 11:00am Nov 12, 2012 11:00am
Quoting stewrigh
I would imagine Israel might be a bit worried about this too.
Inserted Video
  • #121,932
  • Nov 12, 2012 11:08am Nov 12, 2012 11:08am
Quoting FibbinArchie
http://www.youtube.com/watch?v=Rv41AgQTlrA
Shouldn't think Ardens too worried he died in 2007 - used to like Small Faces lol.
  • #121,933
  • Nov 12, 2012 11:52am Nov 12, 2012 11:52am
Quoting gatorinla
the u.s. is estimated to be the worlds top oil producer by 2020, surpassing the Saudis and Russia. A 0 oil importer by 2035. Like I said game changer................
Nay ... ...noise from US post recession.

Why bother using your own when oil is a limited resource when you can get more efficiently and cheaper somewhere else? and at the same time "investing"/keeping your military capability (it has always been 2 birds with one shot) ....

Look the US has always have a vast oil reserves but they have never actually extensively use them. Not even during the oil crisis in the 70s when oil was lot more expensive than now in real terms (and the economy and inflation a lot worse). From a strictly technical and financial point of view, the cost/efficiency savings of getting a high quality barrel of oil in S. Arabia (and in general in most of the M. East) exceed by far any production cost in the US and all military [and any other] related cost.

If I remember correctly (I need 2 double check) the financial break point to make US oil cheaper with the same quality than the oil from the M. East so it can be more attractive to "produce" locally starts around +/-$270 dollar per barrel. In simple words, we will not see any major changes in our lifetime and a prolly a bit longer...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #121,934
  • Nov 12, 2012 11:52am Nov 12, 2012 11:52am
Quoting stewrigh
Shouldn't think Ardens too worried he died in 2007 - used to like Small Faces lol.
lol, i thought the lyrics were pretty apt for the topic of conversation...
  • #121,935
  • Edited 12:20pm Nov 12, 2012 12:09pm | Edited 12:20pm
Quoting sisse
Nay ... ...noise from US post recession.

Why bother using your own when oil is a limited resource when you can get more efficiently and cheaper somewhere else? and at the same time "investing"/keeping your military capability (it has always been 2 birds with one shot) ....

Look the US has always have a vast oil reserves but they have never actually extensively use them. Not even during the oil crisis in the 70s when oil was lot more expensive than now in real terms (and the economy and inflation a lot worse). From a [b]strictly...
your assuming its cheaper.. your on the wrong side of this. the technology was not available in the 70ties to retrieve this oil. .the true cost of m.e. oil for the u.s. plus wars is much more then the nyx/ice states. that money is saved. domestic oil production adds to gdp. it also reduces trade deficit (less imported oil). more industry will gravitate to cheaper energy. meaning more foreign companies will set up in, and export from the u.s. further increasing gdp and reducing deficit.
those who can, do. those who cant, talk about those who can
  • #121,936
  • Nov 12, 2012 12:26pm Nov 12, 2012 12:26pm
Quoting gatorinla
your assuming its cheaper.. your on the wrong side of this. the technology was not available in the 70ties to retrieve this oil. .the true cost of m.e. oil for the u.s. plus wars is much more then the nyx/ice states. that money is saved. domestic oil production adds to gdp. it also reduces trade deficit (less imported oil). more industry will gravitate to cheaper energy. meaning more foreign companies will set up in, and export from the u.s. further increasing gdp and reducing deficit.
oil is just part of it.. NG is the other energy leg.. i was talking oil alone... NG is even bigger.. the same technology is unlocking NG.
those who can, do. those who cant, talk about those who can
  • #121,937
  • Nov 12, 2012 12:28pm Nov 12, 2012 12:28pm
Quoting gatorinla
your assuming its cheaper.. your on the wrong side of this.
lol ... well sadly for some it is not cheaper, it is a LOT cheaper. As they joke around in the industry, in places like Kuwait and etc with a beach shovel and a bucket you will get oil .... and from the highest quality ... it is all about a natural advantage, that's it. Don't get me wrong the US has vast amount of oil in their own soil too (and agree that Europe is in deep shit oilwise) but nobody in the world can beat such huge natural advantage in the M. East.

Add to that just the US (not the European for argument sake as it will be even worse) trillions of dollars already invested in the industry outside of the US, from exploration to extraction, refineries and even transport and you can see that they cannot kill the industry.

Sound nice in theory for the US national pride but is financial inefficiently, politically v difficult and technically v. unreal in the mid term for such a move and that is without counting geopolitics, war, etc, etc etc.

In any case, I expect absolutely nothing new in oil in relative terms for the next generation at least. Do you really expect ExxonMobil to loss all investments and just give it back to the American people out of altruism?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #121,938
  • Nov 12, 2012 12:32pm Nov 12, 2012 12:32pm
Quoting gatorinla
oil is just part of it.. NG is the other energy leg.. i was talking oil alone... NG is even bigger.. the same technology is unlocking NG.
As an aside I read something recently about oil not being a fossil fuel but abiotic - in other words it is 'renewable'. Just another conspiracy theory but you never know.

http://rense.com/general67/oils.htm
  • #121,939
  • Nov 12, 2012 12:37pm Nov 12, 2012 12:37pm
Quoting stewrigh
As an aside I read something recently about oil not being a fossil fuel but abiotic - in other words it is 'renewable'. Just another conspiracy theory but you never know.

http://rense.com/general67/oils.htm
Think about it for a minute - All the oil we have been using for the last 100 years was made from the decomposing corpses of dinosaurs - give me a break.
  • #121,940
  • Nov 12, 2012 12:39pm Nov 12, 2012 12:39pm
Quoting sisse
lol ... well sadly for some it is not cheaper, it is a LOT cheaper. As they joke around in the industry, in places like Kuwait and etc with a beach shovel and a bucket you will get oil .... and from the highest quality ... it is all about a natural advantage, that's it. Don't get me wrong the US has vast amount of oil in their own soil too (and agree that Europe is in deep shit oilwise) but nobody in the world can beat such huge natural advantage in the M. East.

Add to that just the US (not the European for argument sake as it will be even worse)...
its about price. if they can get it here in the pipeline for 20$? a barrel. it dont matter what those sandy beaches do. those kings are in trouble if the price falls too much. it dont matter what Exxon does. for 50 years the u.s. sold oil leases and the oil companies sat on them w/o drilling. that has changed. you dont drill. you lose the lease. now we have others willing to do it. and exxon cant do a thing about it.
i dont care what kawait does. we got oil. and like it or not.. they are retrieving it.. and exxon may be in that too..
those who can, do. those who cant, talk about those who can
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