The real reason gas prices are soaring

Rice Rocket- You have a great point. However, the GOV will not touch OIL even a 400. The IDIOT in OFFICE and his Liberal Socialist ass clowns want "GREEN ENERGY".

The whole idea for the LIBERAL LEFT is to have oil rise to the point that "GREEN ENERGY" makes sense in Cost and Production.

Currently, I have partnered up with a AUSTIN PE FIRM. We are speaking with some Sovereign Wealth Funds that want to set up a huge WINDMILL ENERGY FARM in East Texas. They have Billions to throw at it. However, the infrastructure is lacking and the Report by "BOON" himself who lost 2 billion with GE in his "GREEN" play in Texas stated....... It's a PIPE DREAM until we redo the entire infrastructure in this Country.

So...the GOV needs Gas at 5 to 8 a gallon, OIL around 190/200 in order to justify spending hard earn TAX MONEY on upgrading the Infrastructure.

This is nothing but a fucking game. People are going to make Billions and the average JOE is going to suffer.

Who is John Galt?
 
So true...Green energy is a sham, a pipe dream. The energy flux density of wind energy is shit. It takse so much energy to produce the parts, assemble the windmill, and transmit the energy, that it will never have an actual positive energy output.

There is so much natural gas, and crude oil, that the earth is drowning in it. It is truly harmful to the environment in its natural form, so we have a duty to utilize it and deplete it. Otherwise these resources just naturally bleed into the ocean over time.
 
I agree Rice Rocket.....I'm trying to get the SWF to change course and take that Billion into OIL AND GAS. However, they are EUR LAND/ASIA style and the US GOV is going to give them a Massive Break on Taxes, revenue and the whole fucking WORLD.....

OBAMA needs his GREEN ENERGY PLAY and they are going to court the money like little cheap sluts.

Their numbers crack me up and their "Vision" is a fucking PIPE DREAM as the US is BROKE!

Tax payers are not going to fund INFRASTRUCTURE changes with HIGHER TAX RATES.

The talk among the circles I know in DC......National Gas Tax.....

Unconstitutional but no surprise.
 
Quote from misterno:

Almost all oil in mideast cot less than $10/barrel

So banning all derivatives in oil market will not wipe mideast oil production which has more spare capacity than you can imagine
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They pay 10 times less than us for their oil but 10 times more than us for their water.
 
Quote from EMRGLOBAL:

This baby is South Texas Sweet Crude, break even at 12 bucks producing around 100 barrels a day and around a 500,000 bcf.
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when you say $12/barrel, is that operational expense or does that include capital expenditures as well?
 
Quote from misterno:

The money that pours into paper demand is 11 times the physical demand.

That means if the options, short sale, futures and fwds were banned in oil market and only spot trading was allowed, then you would see oil price going lower than $40/brl overnight.
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Sheer ignorance. By your reasoning, *every* commodity that has futures must be overpriced by a factor of 2 because in all cases the paper trading in futures and options greatly exceeds the physical supply. (Most of the futures trades are of course closed before delivery and offset each other.) The funny thing is that the gold and silver bugs point to the same over weighting of paper over physical supply to "prove" that derivatives are artificially keeping the prices down.

If only commercials could trade in the futures market there would be less liquidity so the hedgers would have higher costs. That *would* raise the price of oil.
 
Quote from rew:


If only commercials could trade in the futures market there would be less liquidity so the hedgers would have higher costs. That *would* raise the price of oil.
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If only commercials could trade in, then there would be no hedgers because there will be no need for hedgers.

Allow only spot trading and oil will trade less than $40/barrel overnight. Possibly much lower
 
What is amazing is that they are still willing to trade oil for paper promises from the US Government.

Its not as though our financial condition, and therefore the lack of any real value of our paper isn't well known at this point.
 
Quote from misterno:

If only commercials could trade in, then there would be no hedgers because there will be no need for hedgers.

Allow only spot trading and oil will trade less than $40/barrel overnight. Possibly much lower
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Commercials *are* hedgers. Your ignorance of futures is unbounded. What the heck are you doing posting at ET?
 
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