blu's Comments Stream Stats
- 34 Comments, 18
, 7 
- Total Comment Stream rating - = 11
- Free E-Newsletters
- About Seeking Alpha
- About Us
- Contact Us
- What's New
- Readers Feedback
- Advertise With Us
- Contributors
- Contribute an Article
- Feature Your Book
- Our Contributors
- Anonymous Contributions
- Dispute an Article?
- Legal
- Terms of Use
- Privacy
- Copyright
Gas Prices Will Go Up with a Fury
The left coast is going to be paying even higher prices.
Going green is what they wanted, and they are simply having to pay for it.
Of course, now they want to complain about it.
How 'bout letting us get some drilling rigs out there off the coast to help out on the price??? Naw, they are so "green" to consider that... Guess we'll see if their attitude changes at five or six dollars per gallon.
$60 a Barrel Oil in 2009?
I'm buying oil.
Dismal Outlook for Retail, and the Big Oil Rebound Myth
<<I could be wrong!!>>
Oil Futures Market: Unwinding the Bubble
You are certainly cocky in your assumption that you "know" what the long term price of oil should be.
Supply and demand will determine the price of oil as it always does.
The speculators have been incorporated into the pricing mechanism. Their effect on prices is consequential in the near term but over the long term it is negligible as it will average out with speculated low prices that will be short lived like the extreme highs.
There are many that believe the $147/bbl price is cheap based on available supply for the long term. It seems to me, that if one believes in markets and the law of supply and demand, crude oil is headed north again very soon.
Low prices kill supply development and increase demand. It is a combination punch that will rock most markets.
Yeah I am a believer in peak oil... Better safe than sorry.
I am a small indendent producer in Texas. I have cut my production as a result of the decline in prices. There are thousands of producers like myself who have done the same.
USO: Is a Probable Capitulation in the Works?
His article on the 25th was good too.
Supply destruction is certainly our biggest worry now.
A list of all the mega-fields that are decreasing in production would make most peoples' jaw drop... But all the media talks about is "demand destruction".
The media rules our world these days... they wanted a Democrat, they wanted a recession, and now they want socialism. Woe is us.
Buying USO Is a No-Brainer
Doubting OPEC's ability to effect the market is a mistake. The latest cuts even if only if partially enacted are more than enough to turn prices around soon.
It takes a little time to pull the excess inventory out of the system, but once it happens we are likely to see another price shock..... upward ... and much higher, and very quickly.
This drop is temporary, and it has made so many complacent.... This is a dangerous scenario and a rough roller coaster ride is ahead if we don't learn how close supply and demand really is.
Chesapeake Energy Unable to Rally Even After Positive News
Just a West Texas oil producers viewpoint.
Oil's Slide: A Result of Capitulation Selling?
Higher highs and higher lows are forthcoming. The highs will be more painful than previous ones. This is not going to be a "fun experience".
Price stability is no longer a possibility if we can't grasp the concept of peak oil and the need for alternatives.
The volatility of price feeds upon itself. The lows cause less development of hydrocarbon sources, which cuts supply, leading to higher highs.
The transition from hydrocarbon sources to alternative sources should have commenced years earlier. The cost of transition at this late date, will be extracted by the extreme price volatility. The low side of this volatility defers alternative development, as some see the low side as more permanent than it is. Eventually, the market will "see the light" and a commitment to alternatives will become more focused and entrenched. Let's hope it happens sooner than later.
OPEC Is Irrelevant for Now
Payback could be hell... don't glut too much, too soon, in regard to Iran and Venzuela...
OPEC Cuts, Oil Falls: Something's Not Sustainable
I am sure glad he put the word "today" in this comment.
I'm not really worried about "today".... I'm thinking more about "tomorrow".
"Tomorrow" oil prices will be ruled by shifts in the supply curve...(downward).
How OPEC Can Support Oil Prices - UBS
This dramatic decrease in oil prices is setting us up for the perfect storm generated by peak oil.
Demand decreases will not exceed supply decreases that the older mega fields are currently experiencing. Mexico, the North Sea, and Ghawar are all in decline.
We better hope that some form of viable alternatives for transportation is found soon.
www.peakoilassociates....
Already in free fall, crude prices could continue to drop as the effects of a global recession take hold. It's not all good news. More here.
I'm going outside to start looking for more negative economic news hidden under some rocks in my garden.
I've never seen such pessimism as this. Leave the market to heal itself.
It may hurt, but the sky is not falling.
$25 Oil Could Happen Before a Return to $100
How Long Will The Price of Oil Remain This Low?
Demand growth may be slowed for a while, but world-wide demand will again exceed supply in the near future. The reduction in capital expenditures by oil producers will add to the shortfalls in the long term, thus causing the higher highs.
Oil is not a bad place to be at the present, if you are a patient investor.
A Rally in Crude Oil Would Not Be a Surprise
At current world wide oil depletion rates, OPEC doesn't need worry about ANY alternative sources coming onstream in a timely fashion to their detriment.
This downturn in oil prices only telegraphs record high prices that will be returning once the economic crisis has morphed into a recession.