Discussion in 'Stock Market' started by KissMy, Aug 21, 2011.
Oil, Gas & Energy Trading Thread
There is some serious money to be made from the spread between WTI crude & light Louisiana crude crude oil. It is above record highs & now at $24. I think the spread will collapse & Libya might kick it off.
It cost a lot less than $24 to ship crude from Texas to Louisiana. The High Brent price is due to Libya. The high Brent price pushed up most of our imports coming into Louisiana thus driving up the price of light Louisiana crude crude oil. The WTI is mostly land locked & currently does not reflect global oil price. Either Qaddafi falls & brings down Brent crude prices or someone starts transporting the hell out of WTI to Louisiana to bring the spread down to $8.
Tripoli falls to Libyan rebels
I'd rather punch holes in the ground using other people's money.
It's much more fun and exciting and potentially more profitable.
Oh- and there's a chance you'll find real oil, not paper oil.
These Wall Street speculators and commodities hacks make me PUKE. But in the end, they'll get theirs, when all of their PAPER WEALTH becomes WORTHLESS. I look forward to that day, and it's coming sooner than later.
Silver and a little gold. The ONLY alternative to paper.
Good news for the oil markets and gas prices...
Oil market's 'knee jerk reaction' to Libya
August 22, 2011: Oil prices were mixed Monday as Moammar Gadhafi's regime appeared to be closer to tottering on the brink of defeat.
Roller coaster ride in oil markets...
Oil Prices Surge on Eurozone Confidence
10/14/11 --- Oil prices charged higher Friday on a combination of renewed confidence in the resolution of the European debt crisis, a strong read on U.S. consumer spending, and a bullish Goldman Sachs report.
I'm in negotiations with a landowner to lease over 300 acres for a drilling program. My geologist estimates it could yield a million barrels recoverable.
Real oil vs paper oil.
Good luck to you.
Looks to me like natural gas is going to become the number one home heating source.
Not a clue if market pricing has already taken this into account, but were I investing long term, I'd be looking to companies prepared (or preparing) to take advantage of that long term trend.
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