Trump Gives Green Light To Keystone, Dakota Access Pipelines

[pinabetal]

I still am baffled by this idea that flooding the market with more oil is going to help oil companies who are currently hurting because of the low price of oil due to the current oil oversupply? Can someone explain that to me again?

Forget it. Nobody here smart enough to explain it.LOL

 

[vanzandt]

Forget it. Nobody here smart enough to explain it.LOL

Is that click bait?

Its gonna be Woodstock without the bands.
I suspect there will be a showdown, coupled with a major geopolitical event.

There are a lot of powerful forces out there that want to see Trump fail/impeached. They will make this the perfect storm. That's why I said several posts back.... they need to hurry up and get this pipe under that reservoir. Before spring.

None of us wants to see America derailed. Trust me on this one. Politics aside. It could get very ugly very fast.

 

[yiehom]

Too sad.
We are talking of the real land owners here. Just because their ancestors didn't cultivate hatred and atomic bombs, but welcoming and friendship, look at what has happened and will happen to them by will of self proclaimed "world masters".

It's OUR American Indians...can't we treat there views with respect and deference..

for fck sake, they got nothing, we have everyting lets treat them at least with dignity

 

[Michael J. Fletcher]

Actually if zandy lost money on solar by investing early in the Obama administration it was because it was too successful. The cost of solar fell far faster than anticipated, so all the companies that were sinking money into R&D for things like thin-film ended up going out of business as the drop in the price of plain old silicon panels eclipsed them. Solar is a hard place to make money as an investor, because unlike oil the majority of the financial benefits accrue to the end user/buyer. The rest of the value chain is almost purely commoditized.

Didn't know that, very interesting point. Thank you.

 

[Cuddles]

Forget it. Nobody here smart enough to explain it.LOL

b....bu...but mah energy independence!

 

[xandman]

I still am baffled by this idea that flooding the market with more oil is going to help oil companies who are currently hurting because of the low price of oil due to the current oil oversupply? Can someone explain that to me again?

Drilling and fracking technology. Compare the boom to how Standard Oil came about during the Pennsylvania oil boom or how "insert major oil name here" was founded on consolidating Texas wildcatters.

Small players who have access to the oil finds due to new technologies will produce when it is profitable to do so. The do not have the high capital budgeting hurdles of big oil. Strangely, big oil didn't consolidate that much during the crash....Perhaps, barriers to entry really have been affected severely.

Starbucks will need to close up some shops in S.F and open up in the Dakotas.

 

[Sig]

Drilling and fracking technology. Compare the boom to how Standard Oil came about during the Pennsylvania oil boom or how "insert major oil name here" was founded on consolidating Texas wildcatters.

Small players who have access to the oil finds due to new technologies will produce when it is profitable to do so. The do not have the high capital budgeting hurdles of big oil. Strangely, big oil didn't consolidate that much during the crash....Perhaps, barriers to entry really have been affected severely.

Starbucks will need to close up some shops in S.F and open up in the Dakotas.

"When it's profitable to do so" is the key. Flooding the market with more oil depresses the price further, hence we get further away from "when it's profitable to do so". There aren't any small fracking "Chuck with a truck" operations that can make money with these prices let alone lower ones, fracking didn't suspend the rules of scale economy is this business.