Oil has the potential climb to $200 per barrel from a lack of investment in new supply
Feb 7, 2015 12:02:13 #
Feb 8, 2015 07:25:09 #
Well - market forces tend to balance out. Right now the price is so low that the Keystone Pipeline isn't even worth the money. As the price climbs again, more investment will happen.
Feb 8, 2015 10:17:40 #
Feb 8, 2015 14:12:51 #
sb wrote:
Well - market forces tend to balance out. Right now the price is so low that the Keystone Pipeline isn't even worth the money. As the price climbs again, more investment will happen.
Speaking of that pipeline...I am apolitical, so I don't really have a dog in the conservative/liberal fight over it...I just wonder what the advantage is, of a pipeline that takes Canadian oil, transfers it to the Gulf, where it is put on tankers to be taken to foreign refineries... The number of jobs created in the US is minimal, and like you say, when oil prices drop, it becomes an expensiver to maintain "White Elephant"...I think the only Americans who benefit are those who have contracts to build it...
Feb 8, 2015 19:58:38 #
DougW
Loc: SoCal
tradergeorge wrote:
Speaking of that pipeline...I am apolitical, so I ... (show quote)
Good construction work, and my understanding is we refine it and then ship it.
Better us than the Chinese who are making offers to build a pipeline to the west coast and ship it to China to refine.
Feb 10, 2015 03:34:14 #
DougW wrote:
Good construction work, and my understanding is we refine it and then ship it.
Better us than the Chinese who are making offers to build a pipeline to the west coast and ship it to China to refine.
Better us than the Chinese who are making offers to build a pipeline to the west coast and ship it to China to refine.
Your understanding is different than mine...The figure being thrown around is 150 full time jobs...In all the articles I read, there was no mention of refining in the Gulf, and many mentions of ships carrying it off for foreign processing...
Feb 10, 2015 18:35:38 #
tradergeorge wrote:
Your understanding is different than mine...The figure being thrown around is 150 full time jobs...In all the articles I read, there was no mention of refining in the Gulf, and many mentions of ships carrying it off for foreign processing...
very little benefit to anyone but the investors. :roll:
Feb 10, 2015 18:40:34 #
DougW
Loc: SoCal
dirtpusher wrote:
very little benefit to anyone but the investors. :roll:
Well that would be your union pension 401 k
Stock portfolio, small business etc. etc. Lot of spin off jobs from fast food to truck and machine repair why even the tire man can get some.
Feb 10, 2015 18:57:07 #
DougW wrote:
Well that would be your union pension 401 k
Stock portfolio, small business etc. etc. Lot of spin off jobs from fast food to truck and machine repair why even the tire man can get some.
Stock portfolio, small business etc. etc. Lot of spin off jobs from fast food to truck and machine repair why even the tire man can get some.
have no problem with sharing in some of my pension. but very few will benefit from this pipeline. after construction is over only 50 to 200 will be employed from it. while billions made from it. plus the investors would just be able to cram in down. thats what piss me off. they should have gotten it passed before construction. hope they get burned for that expense. :lol: :lol: :lol: :lol even better romney is one of the main investors..
Feb 10, 2015 19:02:18 #
DougW
Loc: SoCal
dirtpusher wrote:
have no problem with sharing in some of my pension. but very few will benefit from this pipeline. after construction is over only 50 to 200 will be employed from it. while billions made from it. plus the investors would just be able to cram in down. thats what piss me off. they should have gotten it passed before construction. hope they get burned for that expense. :lol: :lol: :lol: :lol:
Ask who are the " investors " not some dude up in a room counting his gold coins going "Gold, Gold muhahaha " its pension funds and mutual funds.
Feb 10, 2015 19:04:09 #
DougW wrote:
Ask who are the " investors " not some dude up in a room counting his gold coins going "Gold, Gold muhahaha " its pension funds and mutual funds.
you mean you are commenting on something you haven't even researched? :?: :shock: :roll:
Feb 11, 2015 00:44:03 #
DougW wrote:
Well that would be your union pension 401 k
Stock portfolio, small business etc. etc. Lot of spin off jobs from fast food to truck and machine repair why even the tire man can get some.
Stock portfolio, small business etc. etc. Lot of spin off jobs from fast food to truck and machine repair why even the tire man can get some.
And once it is built, all the benefit goes overseas, but the danger and potential problems stay here...
Feb 11, 2015 10:27:17 #
tradergeorge wrote:
And once it is built, all the benefit goes overseas, but the danger and potential problems stay here...
Damn someone that figured it out. Thank You :thumbup: :thumbup: :thumbup: :thumbup: :thumbup: :thumbup:
at taxpayers expense more likely :roll: :roll: :roll:
Feb 11, 2015 10:30:05 #
dirtpusher wrote:
http://www.bloomberg.com/news/articles/2015-02-06/these-experts-know-exactly-where-oil-prices-are-headed
Made a nice profit on the down side. Now ready to buy on the upside. Gotta love it.
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