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Oil Tanker Report Discrepancy


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#11 dcengr

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Posted 29 January 2007 - 01:54 PM

Mahmoud has served his country excellently. With just his mouth, he kept the price of oil high for quite some time, but its not working so well lately. In a recent interview Ike opinied that he wants to precipitate an attack to get prices back up.


Nothing gets arab public opinion united than seeing a bunch of dead palestinian kids killed by US made weapons given to Israel.

Then the social and political pressures build up to do another oil embargo, etc.. or at least cutting oil gets more footing.
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#12 Cirrus

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Posted 29 January 2007 - 02:28 PM

Over the nex 5 years the price of oil will be set by supply and demand--not by Saudi Arabia, Bush or anyone else. The price has been high for a couple years which helped slow demand growth (not demand but demand growth) and encourage max ouput globally. We already know the world's 2nd largest oilfield ever discovered is now in double digit decline. There are plenty of factors here but the bottom line is that we've had rising oil prices for 3 years and oil production is now hugely profitable. However, we have not seen a major change in excess capacity. If anything, excess production capacity has shrank and is now at razor thing levels.

#13 pdx5

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Posted 29 January 2007 - 03:56 PM

Rumors of the demise of oil fields are highly exaggerated. Heck back in the 1950's the "experts" were predicting running out of oil in a decade. They are finding new oil all over the world. Vast stretches of Siberia remain unexplored. The higher the price goes, more and more exploration takes place. Iraq exploration has been virtually non-existent under Saddam. And the vast anatartica has not even been explored much less explored for oil. I am in the camp of those who believe we have atleast 300 years worth of oil in the ground. And that is precisely why no one wants to invest vast $$$ in alternate energy. They can be bankrupted in a hurry by pumping more oil. If there was real potential of profits in alternate energy, I would think it would be flooded by new investment.
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#14 dcengr

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Posted 29 January 2007 - 04:06 PM

Rumors of the demise of oil fields are highly exaggerated. Heck back in
the 1950's the "experts" were predicting running out of oil in a decade.

They are finding new oil all over the world. Vast stretches of Siberia
remain unexplored. The higher the price goes, more and more exploration
takes place. Iraq exploration has been virtually non-existent under Saddam.
And the vast anatartica has not even been explored much less explored
for oil.

I am in the camp of those who believe we have atleast 300 years worth of
oil in the ground. And that is precisely why no one wants to invest vast $$$
in alternate energy. They can be bankrupted in a hurry by pumping more
oil. If there was real potential of profits in alternate energy, I would think
it would be flooded by new investment.


There's other reasons besides availability to go "off oil".. like pollution, stability of our suppliers (ie price stability).
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#15 Trend-Signals

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Posted 29 January 2007 - 05:23 PM

Hi Roger, On your earlier post regarding INTC; Yes, the INTC news certainly helped the market action today as INTC carried NASDAQ to upside; however, AMD is making 25yr low going backing to 1980s high level. Interesting to hear that Saudi wants the oil price to $50 level. Good luck

Edited by Trend-Signals, 29 January 2007 - 05:24 PM.

Market Timing ... Trend-Signals.com

#16 pdx5

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Posted 29 January 2007 - 06:13 PM

Yes Dcengr, there is certainly the issues of security and trade deficits associated with foreign oil. But note that coal (which we have plenty), tar sands, biodiesel, ethanol etc all also produce C02. The only real clean & renewable source is solar. Nuclear energy does not produce air pollution or C02 but you have radiactive waste to contend with. But the main point I am trying to make is that you won't see massive amounts of private investment dollars flowing into alternate energy production since there is too much oil still in the ground.
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