It's okay, zero.
Not everyone in Canada uses attitudes like yours to typify Americans.
Gotta go - the CBC is on right now. It's aboot time, LOL.
shamus100
JoinedPosts by shamus100
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79
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel inthis has been repeated over and over in the news but what the hell no one will do anything about these assholes...so one more time....its the speculators, the investors who ....."institutional investors such as hedge funds and sovereign wealth funds are pouring billions of dollars into not just oil but mamy commodities, distorting markets and driving prices to unprecedented levels.."...and chinese influence???
while that is a factor, it's only part of the story, said mr. masters, a portfolio manager for masters capital management llc.
he cited u. s. government data showing that while annual chinese demand for petroleum increased 920 million barrels over the past five years, demand from speculators has moved up 848 million barrels over the same period.
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79
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel inthis has been repeated over and over in the news but what the hell no one will do anything about these assholes...so one more time....its the speculators, the investors who ....."institutional investors such as hedge funds and sovereign wealth funds are pouring billions of dollars into not just oil but mamy commodities, distorting markets and driving prices to unprecedented levels.."...and chinese influence???
while that is a factor, it's only part of the story, said mr. masters, a portfolio manager for masters capital management llc.
he cited u. s. government data showing that while annual chinese demand for petroleum increased 920 million barrels over the past five years, demand from speculators has moved up 848 million barrels over the same period.
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shamus100
Zero,
I rest my case.
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79
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel inthis has been repeated over and over in the news but what the hell no one will do anything about these assholes...so one more time....its the speculators, the investors who ....."institutional investors such as hedge funds and sovereign wealth funds are pouring billions of dollars into not just oil but mamy commodities, distorting markets and driving prices to unprecedented levels.."...and chinese influence???
while that is a factor, it's only part of the story, said mr. masters, a portfolio manager for masters capital management llc.
he cited u. s. government data showing that while annual chinese demand for petroleum increased 920 million barrels over the past five years, demand from speculators has moved up 848 million barrels over the same period.
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shamus100
Hi Donkey,
You're right - that is the main problem. Everything is democracy driven - demand driven, if that's a correct term. It's percieved that the demand is going to go way up so the price is going up like mad. The U.S. cannot produce enough, the world knows that, so it goes up. The oilpatch has to play catchup, and I don't know how long that will take. There is a lot of oil internationaly, but to actually get into those countries and invest is another thing. You never know when third-world governents will change the rules after investments have been made - which is, IMO, one of the biggest problems.
The company I am employed with is in Algeria, the U.S., Cuba, Russia, and expanding to Saudi of all places. It's risky, though.
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58
What is the one thing you will never give up no matter how hard times get?
by snarf inwith the talk of everyone trying to cut back and reevaluate their necessities due to the rising cost of products from gas to food, what is the one thing that will never go in your life...a "luxury"item that has wound itself so deeply in your soul you would be incomplete without it?.
my item is a daily frapuccino, those little devils are so delish that i can't even think of going a day without.
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shamus100
FF,
You really do need to do something about getting a girlfriend - you must be getting tired of getting beak by now.
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79
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel inthis has been repeated over and over in the news but what the hell no one will do anything about these assholes...so one more time....its the speculators, the investors who ....."institutional investors such as hedge funds and sovereign wealth funds are pouring billions of dollars into not just oil but mamy commodities, distorting markets and driving prices to unprecedented levels.."...and chinese influence???
while that is a factor, it's only part of the story, said mr. masters, a portfolio manager for masters capital management llc.
he cited u. s. government data showing that while annual chinese demand for petroleum increased 920 million barrels over the past five years, demand from speculators has moved up 848 million barrels over the same period.
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shamus100
Zerotoday,
I don't, actually. You just sound like a typical redneck American, who can't take any criticism and talk politely.
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79
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel inthis has been repeated over and over in the news but what the hell no one will do anything about these assholes...so one more time....its the speculators, the investors who ....."institutional investors such as hedge funds and sovereign wealth funds are pouring billions of dollars into not just oil but mamy commodities, distorting markets and driving prices to unprecedented levels.."...and chinese influence???
while that is a factor, it's only part of the story, said mr. masters, a portfolio manager for masters capital management llc.
he cited u. s. government data showing that while annual chinese demand for petroleum increased 920 million barrels over the past five years, demand from speculators has moved up 848 million barrels over the same period.
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shamus100
Zerotoday,
If you believe that I got that from the CBC, then fine - I got that from the CBC. It couldn't be because I am knowledgeable on the subject, and in the industry.
Look - it's your country, believe what you want.
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79
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel inthis has been repeated over and over in the news but what the hell no one will do anything about these assholes...so one more time....its the speculators, the investors who ....."institutional investors such as hedge funds and sovereign wealth funds are pouring billions of dollars into not just oil but mamy commodities, distorting markets and driving prices to unprecedented levels.."...and chinese influence???
while that is a factor, it's only part of the story, said mr. masters, a portfolio manager for masters capital management llc.
he cited u. s. government data showing that while annual chinese demand for petroleum increased 920 million barrels over the past five years, demand from speculators has moved up 848 million barrels over the same period.
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shamus100
Well, I know how it is in Canada, Chris. As for other countries, I cannot even speculate.
Oil companies only have enough money set aside for new discoveries or drill new holes. When it's not feasible, they cut back. These high oil prices have only just come into effect in the oil world - to get going on these wells, geologists must put together proposals and haggle with land owners over leases. It usually takes a year or more to get everything approved, because they have to check if it is feasible using seismics. It's a long drawn out process, and, like I said, oil has only just blown sky high in the oil world. These oil companies are wishing they had a lot more wells on the go, let me assure you of that.
The next thing that you all will be seeing is an increase in natural gas prices - $15.00 by the end of this year, and possibly $20.00 by the end of next year, if the forecasts are correct. Invest in gas producing companies, and well service companies. They're stocks are supposed to go through the roof.
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79
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel inthis has been repeated over and over in the news but what the hell no one will do anything about these assholes...so one more time....its the speculators, the investors who ....."institutional investors such as hedge funds and sovereign wealth funds are pouring billions of dollars into not just oil but mamy commodities, distorting markets and driving prices to unprecedented levels.."...and chinese influence???
while that is a factor, it's only part of the story, said mr. masters, a portfolio manager for masters capital management llc.
he cited u. s. government data showing that while annual chinese demand for petroleum increased 920 million barrels over the past five years, demand from speculators has moved up 848 million barrels over the same period.
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shamus100
We have no problems in Canada. The U.S. should bump up they're environmental standards and get they're waste water treated with an independent body to ensure that they're not just dumping it on the ground - and believe me, they do.
As for having too high of standards to drill for new oil - well, I am unsure.
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79
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel inthis has been repeated over and over in the news but what the hell no one will do anything about these assholes...so one more time....its the speculators, the investors who ....."institutional investors such as hedge funds and sovereign wealth funds are pouring billions of dollars into not just oil but mamy commodities, distorting markets and driving prices to unprecedented levels.."...and chinese influence???
while that is a factor, it's only part of the story, said mr. masters, a portfolio manager for masters capital management llc.
he cited u. s. government data showing that while annual chinese demand for petroleum increased 920 million barrels over the past five years, demand from speculators has moved up 848 million barrels over the same period.
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shamus100
I'm talking about the oil patch, not your environmental standards in general.
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79
The Real Culprit For Rising Oil Prices.???..and theres plenty of oil......
by chrisjoel inthis has been repeated over and over in the news but what the hell no one will do anything about these assholes...so one more time....its the speculators, the investors who ....."institutional investors such as hedge funds and sovereign wealth funds are pouring billions of dollars into not just oil but mamy commodities, distorting markets and driving prices to unprecedented levels.."...and chinese influence???
while that is a factor, it's only part of the story, said mr. masters, a portfolio manager for masters capital management llc.
he cited u. s. government data showing that while annual chinese demand for petroleum increased 920 million barrels over the past five years, demand from speculators has moved up 848 million barrels over the same period.
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shamus100
Zero,
Comparitive to Canada, the U.S.'s environmental standards are third-world. There is a contraversy up here in regards to the tarsands and the subsequent waste from the bitumen - but that is another story.