Looks like time to buy?

Celticguy said:
What Saudi did was not logical nor was it cheap oil.
They tried to preserve their market share by taking advantage of their lowest cost to pump. They gave up margin and created a glut to make US oil unneeded. It's not sustainable and is already hurting them more than they can tolerate.
They avoided this in previous clashes and scared off US production. Domestic is hurting but they can win out in the end.
The paradigm can be changed but it takes some pain to do have an oil war. SA picked war, not us.
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You're spot on right. While they hurt our domestic energy industry short term everyone else and their brother is benefiting from the cheap oil. I know my company has seen record sales recently. This has not hurt the chemical industry. That's for sure.
 
I thought I saw a headline that the Saudi's were going to the capital markets with their major state owned oil company. Is that right? Can you imagine what it means to their country if they take that firm public?
 
evince said:
so you claim mankind will just keep using oil until every drop is off the planet?


when was the last time you actually paned out to be correct in retrospect?
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Yet you wonder why everyone thinks you are a loony. No I never said that, but oil isn't going anywhere anytime soon.
 
cawacko said:
No I don't listen to Beck either. Listener beware. I put my money into real estate. I don't speak on when one should invest in the markets as I don't know enough. The question I have are the Fed future rate increases already built into the market? QE has been supporting this market. Can it sustain itself?
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QE has ceased to be effective and is starting to turn bad.
 
Jarod said:
I suspect they will force many of the "alternative sources" of energy into bankruptcy before they are done. The will also force out the domestic oil production unless the government assists.
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It's short term. Domestic will rebound.
"Alternative" will muddle along as it has fir decades wasting money. But without a dem in the white house much less taxpayer/printed money.
 
Mott the Hoople said:
Define short term? I think it will take longer than most people think for commodities to rebound....but rebound they will.
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Depends on November and how bad things really are in China. And how wide spread debt defaults go and if EU collapses under the weight of the Muslim hoards.
 
1) Around 2008, his holy highness, king barrack hussein the first, foretells of our energy bills skyrocketing, that solar is the future. Remember?
2) obama pours taxpayer money into "alternative energy". Fail.
3) Oil corps. want access to fed lands to "drill, baby, drill!!!". Obama refuses, oil prices start to skyrocket. Remember?
4) Oil corps. start drilling and fracking on land they already own. OPEC won't cut production, they think they can wait us out, flood the market with cheap crude and make it too expensive for the Americans to bring it out of the ground.(they're right, it's happening now)
And that's where we sit right now. A slowing global economy with a lower energy demand and a market glut. Not looking too good for $4 gas by the end of the year jarod.
 
callinectes said:
1) Around 2008, his holy highness, king barrack hussein the first, foretells of our energy bills skyrocketing, that solar is the future. Remember?
2) obama pours taxpayer money into "alternative energy". Fail.
3) Oil corps. want access to fed lands to "drill, baby, drill!!!". Obama refuses, oil prices start to skyrocket. Remember?
4) Oil corps. start drilling and fracking on land they already own. OPEC won't cut production, they think they can wait us out, flood the market with cheap crude and make it too expensive for the Americans to bring it out of the ground.(they're right, it's happening now)
And that's where we sit right now. A slowing global economy with a lower energy demand and a market glut. Not looking too good for $4 gas by the end of the year jarod.
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Gas was $4.25/ gallon in '08 Bush was president.
Obama's investments in Green energy contributed to the energy market glut.
Obama allowed drilling in pristine Arctic areas but yeah.
 
Dear Jarod:

I'm neither a prophet or the son of a prophet. But the trillions pumped into the machine after the '08 fiasco may not be available next time around. As for the Saudis -- well, are we done messing with the ME?

IMT
 
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