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The Price of Oil is Going Up
08-11-2010, 12:38 AM,
The Price of Oil is Going Up
I guss we would understand why Obama wants everyone to have a personal I.D access cart to the Internet, it will make it easier for them to track, tag, and target anyone who is actually learning critical thinking skills and even report and enlightnen the U.S Govt, Dumb Down Sheeple. And just like its happening down in Arizona, with Native Mexican People as another target and distraction based on racism, in truth, mexicans have been on their continent for over 30k years, native people, not spanish from Spain, otherwise there would not be such a hassle with white looking Spanish European looking invaders. But the issue is Native people from mexico, those who have and are being targeted with slave NAFTA Labor and not those who run the Mexican Nation as being 10 percent white, who in the first place would not cross illegally into another invaded land. I guess we know and Understand who is getting rich, who is running government in D.C and who might be creating scenarios as to divide and even murder people, they certainly would not care about any native people, we can know about CONCENTRATION CAMPS IN AMERICON OF NATIVE AMERICAN ORIGINAL PEOPLE.. Can we deduce that the National I.D card and the Internet Access Card is to track White enlighten folks and not the Indians since they already know how to handle them by creating rogue economic policy, putting them in concentration camps or creating and enhancing bigger better, and drone watch borders based on rogue economic policies? They want to watch the white Americans, not the Indians, watch them, track them, tag them, and maybe some night come after them like in V, the movie.

The Price of Oil is Going Up

Written by Mad Hedge Fund Trader
Thursday, 05 August 2010 14:47
I received another scratchy, crackling cell phone call from my drilling buddy in the Texas natural gas fields today. You could almost choke from the dust on the line.

He told me that the BP Gulf disaster was turning the fundamental assumptions of the oil industry upside down, and that sharply higher oil prices were in the cards, probably $100/barrel by year end.

Major oil companies with deep pockets at risk were rushing to offload their existing offshore leases and partnerships in producing wells to avoid BP’s potential $30 billion hickey.

If nothing else, the majors have learned that liability caps are nothing more than wishful thinking. They can only speculate what a new round of vengeful regulation will cost them.

Hedge funds looking for “the next big play” were willing buyers, but only at substantial bargains.

We are witnessing nothing less than the birth of a new distressed junk market. It is all part of a re-pricing of risk that values offshore assets at a discount, and onshore ones at a new found premium.

Only big swinging dicks need apply, as minimum participations are going for as much as $50 million. The impairment of Gulf assets is also breathing life into the once moribund natural gas market.

Enough gas supplies are being left under the Gulf to offset the enormous new production coming online through the new “fracting” technology, where everyone is using a volume strategy to offset plunging prices.

Gas is not heading off to the races, but supplies will be tight enough to sustain it in a $3.50-$5.00 trading range for the next 18 months.

It all makes me want to go back and buy more ExxonMobil (click here for my piece) and Occidental Petroleum (click here for the report).

I’d love to get more out of my friend, but I don’t think my aged, arthritic back could take another three hours driving down washboard roads in a beat up pickup truck with no springs to track him down at his newest drilling location.

Besides, I already have enough 8 X 10 signed glossy portraits of George W. Bush to last a lifetime, and I didn’t want to hurt his feelings by turning down more.

Courtesy: Mad Hedge Fund Trader
Unite The Many, defeat the few.

Revolution is for the love of your people, culture, knowledge, wisdom, spirit, and peace. Not Greed!
Soul Rebel Native Son

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