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  • #961,361
  • Feb 18, 2015 5:02pm Feb 18, 2015 5:02pm
The Dangerous Economics of Shale Oil
  • #961,362
  • Feb 18, 2015 5:03pm Feb 18, 2015 5:03pm
Quoting sisse
...the shale expesnive investment was done with oil $130 !!! while Europe didnt see any alternative solution on time and Russia and friends (Venezuela, Nigeria, etc) just blowed the money in populist waste during the happy time. The Saudis and the other smarts oil rich gulf countries smartly bought half of Europe during this time to leverage in the long run.... the only losers here is W. Europe, Russia and the other populist oil rich countries ... Sure price below $50 $/40 for too long will make some shale struggle ...but the main investment are...
shale oil development, fracking, horizontal drilling - all of these are relatively recent developments in the industry so it's hard to generalize too much, plus things are always changing - BUT, shale oil wells typically have (much) less longevity than wells in other formations, and that goes for both oil and gas. So, to develop oil/gas in shale, it takes continuing investment to drill more wells over time. If there is an oil glut and the price stays down below $50 wti for long periods, for years, it remains to be seen what that will do to the industry. Natgas production has been going right along for years with (what many producers claim) the natgas price below the cost of production...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #961,363
  • Feb 18, 2015 5:07pm Feb 18, 2015 5:07pm
Quoting infinitus
{quote} maybe it is more important to preserve habitat than to grow unreasonably at some point in time. Maybe we have reached this point.....
No mate. Thats very often point of enviromentalists as well. They consider mankind beeing on top and should just stop and behave. I say is very cocky and unreasonable, we are here for thousands and thousands of years. Nothing is finishing, its just a tiny wave in long term perspective. I am going into space, you can stay.

Quoting infinitus
{quote} my, maybe a bit polemic, but sometimes the end justifies the means: what did the Chinese do wrong? http://www.zerohedge.com/news/2015-0...lution-problem https://www.youtube.com/watch?v=7jFFGYwOQX4
Sorry mate, I aint watching enviromentalist video stating total nonscence we are running out of resources. Stone age didnt end coz people run out of rocks, but coz they found out bronze. We have advanced genetics and nanofibers, science progressing superhard. Is very laughable we run out of resources. Oil is not an issue, neither food and neither water.

See for example you got these african plants growing on fckin desert full of proteins and sugar and EU grain lobby preventing em to plant. You got GMOs, not saying are perfect, but in development and also possible solution. Water just megalol and energy? Also lol, I vote for CERN.
"I know one thing, that I know nothing." Sokrates
  • #961,364
  • Feb 18, 2015 5:07pm Feb 18, 2015 5:07pm
Quoting gatorinla
{quote} possible entry 119.14/41

Gator, U also short UJ for now? Am thinking jpy stronger when oil starts slide again, so... yea further down to come I bet
I put small pending sells on 1.1440 and 1.1520 just in case EURUSD RT that high not too sure where to TP though. Still @ 1.1320 / 1.1270 first?

As for GU, do you see any setups? Is that a new bullish trend, or just a correction? We are still confused in that thread lol.

ps: thanks for sharing your analysis always and for your help the other day
  • #961,365
  • Feb 18, 2015 5:09pm Feb 18, 2015 5:09pm
Quoting GlobalMacro
Speaking of black gold ... shorts finally paying off ... Crude never touched $55 as anticipated , triple-top play off $54 was literally golden. Breakout of congestion zone and here we go...taking half off and letting the rest roll. {image}
Oil decline to resume anytime soon? Cool.
  • #961,366
  • Feb 18, 2015 5:11pm Feb 18, 2015 5:11pm
I have questions for the "brains trust" on here

If I gave you a 20 litre container of ordinary soil, how much "oil" is in the conatainer?

If you planted couple sunflower seed in the container,( they microscopic seeds), now how much oil in the container?

If you water and grow the sunflowers to maturity, harvest and crush them, you will get approx 3.5 - 4 litres of oil, where did this "oil" come from???
If you are new to Forex? Say Goodbye to your account!!
  • #961,367
  • Feb 18, 2015 5:13pm Feb 18, 2015 5:13pm
Fundamentally oil can decline a few dollars more, drop of drilling platforms should not have significant impact when supply is high and demand quite moderate.
  • #961,368
  • Feb 18, 2015 5:17pm Feb 18, 2015 5:17pm
Quoting Tom_D_Trader
{quote} Hohohooo, thats question pointed in very wrong direction if you are enviromentalist. Because I am an economist. And I insist on fact best for our enviroment is scientific progress. I would just mine it all and plant those trees again, no problem here. We have good enough instruments to be able to mine resources without damaging nature.
Pretty big leap of faith there, Tom - Google Alberta tar sands mining and you may not be so willing to believe. Always a difference between what can be done and what is done, and that difference usually is answered by the question, "what pays?"
"If The Fool persists in his Folly he will become wise." - William Blake
  • #961,369
  • Feb 18, 2015 5:21pm Feb 18, 2015 5:21pm
And some guys want this to be ONLY EU RELATED THREAD
A good trader follows his rules, but great trader knows when to break them
  • #961,370
  • Feb 18, 2015 5:23pm Feb 18, 2015 5:23pm
Quoting GlobalMacro
{quote} Hi Billy , what's happening brother. E/U about half , crude rolling.
oil going down will give gb deflation i would say , i have gold short to 1160 . on the back of it , and just posted views on gb on the thread,,had enough now take care regards B
  • #961,371
  • Feb 18, 2015 5:23pm Feb 18, 2015 5:23pm
Quoting The Fool
{quote} Pretty big leap of faith there, Tom - Google Alberta tar sands mining and you may not be so willing to believe. Always a difference between what can be done and what is done, and that difference usually is answered by the question, "what pays?"
I have already undestood sands mining aint very soft to nature. But guess what: Czech republic with Poland have the biggest resources of coal in Europe. We also had uranium. Though fcking Russians conquered us in 20th century and mined lots and lots of it without ANY care of nature - totally wasted the place, I suggest you pay us a visit. Though they stole most, we built factories, schools, cities and currently thanks to this ruthless mining catching up with Europe. And those trees Russians wasted grew again. See, those trees are actually growing fast, its just us tiny people thinking we have the power. We dont, nature has.
"I know one thing, that I know nothing." Sokrates
  • #961,372
  • Feb 18, 2015 5:24pm Feb 18, 2015 5:24pm
Quoting Tom_D_Trader
{quote} No mate. Thats very often point of enviromentalists as well. They consider mankind beeing on top and should just stop and behave. I say is very cocky and unreasonable, we are here for thousands and thousands of years. Nothing is finishing, its just a tiny wave in long term perspective. I am going into space, you can stay. {quote} Sorry mate, I aint watching enviromentalist video stating total nonscence we are running out of resources. Stone age didnt end coz people run out of rocks, but coz they found out bronze. We have advanced...

Good luck - I heard they are looking for some people to move to Mars forever. You can apply for ticket........
  • #961,373
  • Feb 18, 2015 5:25pm Feb 18, 2015 5:25pm
Quoting MaryAnne
{quote} Oil decline to resume anytime soon? Cool.
Absolutely, hope you're in on the ride as well.
Hear the music before the song is over ...
  • #961,374
  • Feb 18, 2015 5:26pm Feb 18, 2015 5:26pm
I currently work in the oilfields in ND and WY and I can tell you first hand that the oil exploration and production is not harming the environment or landscape one iota. And if kiwi is trying to hint that plant oil is superior that's a laugh
  • #961,375
  • Feb 18, 2015 5:27pm Feb 18, 2015 5:27pm
Quoting infinitus
{quote} Good luck - I heard they are looking for some people to move to Mars forever. You can apply for ticket........
What timezone is there? I need to be awake for LO and NY.
"I know one thing, that I know nothing." Sokrates
  • #961,376
  • Feb 18, 2015 5:28pm Feb 18, 2015 5:28pm
Quoting kiwitrada
i have questions for the "brains trust" on here:d if i gave you a 20 litre container of ordinary soil, how much "oil" is in the conatainer? If you planted couple sunflower seed in the container,( they microscopic seeds), now how much oil in the container? If you water and grow the sunflowers to maturity, harvest and crush them, you will get approx 3.5 - 4 litres of oil, where did this "oil" come from???
just like two twigs , plain twigs but yet they have the power to burn the world ???? Where did the fire come from.??
  • #961,377
  • Feb 18, 2015 5:28pm Feb 18, 2015 5:28pm
Quoting Tom_D_Trader
{quote} No mate. Thats very often point of enviromentalists as well. They consider mankind beeing on top and should just stop and behave. I say is very cocky and unreasonable, we are here for thousands and thousands of years. Nothing is finishing, its just a tiny wave in long term perspective. I am going into space, you can stay. {quote} Sorry mate, I aint watching enviromentalist video stating total nonscence we are running out of resources. Stone age didnt end coz people run out of rocks, but coz they found out bronze. We have advanced...
Ignorance can and will kill in the end.......

BTW: the video was not about "running out of resources"
  • #961,378
  • Feb 18, 2015 5:30pm Feb 18, 2015 5:30pm
Quoting Tom_D_Trader
{quote} What timezone is there? I need to be awake for LO and NY.

Does not matter - access to the internet will have such a long latency, that you will learn to love the weekly and monthly TF
  • #961,379
  • Feb 18, 2015 5:31pm Feb 18, 2015 5:31pm
Quoting farmerbob
I currently work in the oilfields in ND and WY and I can tell you first hand that the oil exploration and production is not harming the environment or landscape one iota. And if kiwi is trying to hint that plant oil is superior that's a laugh

Love this jokes
  • #961,380
  • Feb 18, 2015 5:32pm Feb 18, 2015 5:32pm
Quoting infinitus
Ignorance can and will kill in the end
I am sorry mate. But lately I listen to such loads of this enviromentalist stuff I got totally full of it and have very strict point of view regarding the issue.
"I know one thing, that I know nothing." Sokrates
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