OPEC slashed production by 1.5 million brls per day Non opec nations agreed to a half million per day decrease to drive cost up... Invest in oil 100 per brl in near future.
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OPEC slashed production by 1.5 million brls per day Non opec nations agreed to a half million per day decrease to drive cost up... Invest in oil 100 per brl in near future.
I use the information to buy energy stocks. Td bank north offers modest rates and a personal exchange. If oil becomes more expensive than wood pellets become more affordable and stocks like rentec become most desirable. Fracking becomes more affordable. Other resources mainly junk lite and heavy steel become worth more currently 2 cents a pound if oil hits 100 steel goes five fold. To 10 cents a pound. Oil price drives all energy markets, even corn markets rebound. Oil is the constant to most every thing.
Higher oil means more domestic jobs here. Saudis altered their production lines hoping to destroy Fracking and off shore investments The world in turn opened Iranians to the free markets. Higher oil means American energy independence is not just achievable but structured to be completed and alternative energy using methane, solar wind hydro, coal Fracking and coal becomes necessary, wood pellets and corn kernel burning boiler systems become operational. After the nearly all paper plants in Maine closed or idled to skeleton crews and the vast recourses of timber and wood we possess higher oil means more jobs in the wood pellet industry in corinth, ashland, sherman, athens.... all leading to good paying harvesting transporting and distributing wood fuels P.s. Avenue Benjamins is all we have to sustain my life, so I try to stack as many I can mate.
I use the information to buy energy stocks. Td bank north offers modest rates and a personal exchange. If oil becomes more expensive than wood pellets become more affordable and stocks like rentec become most desirable. Fracking becomes more affordable. Other resources mainly junk lite and heavy steel become worth more currently 2 cents a pound if oil hits 100 steel goes five fold. To 10 cents a pound. Oil price drives all energy markets, even corn markets rebound. Oil is the constant to most every thing.
Higher oil means more domestic jobs here. Saudis altered their production lines hoping to destroy Fracking and off shore investments The world in turn opened Iranians to the free markets. Higher oil means American energy independence is not just achievable but structured to be completed and alternative energy using methane, solar wind hydro, coal Fracking and coal becomes necessary, wood pellets and corn kernel burning boiler systems become operational. After the nearly all paper plants in Maine closed or idled to skeleton crews and the vast recourses of timber and wood we possess higher oil means more jobs in the wood pellet industry in corinth, ashland, sherman, athens.... all leading to good paying harvesting transporting and distributing wood fuels P.s. Avenue Benjamins is all we have to sustain my life, so I try to stack as many I can mate.
I use the information to buy energy stocks. Td bank north offers modest rates and a personal exchange. If oil becomes more expensive than wood pellets become more affordable and stocks like rentec become most desirable. Fracking becomes more affordable. Other resources mainly junk lite and heavy steel become worth more currently 2 cents a pound if oil hits 100 steel goes five fold. To 10 cents a pound. Oil price drives all energy markets, even corn markets rebound. Oil is the constant to most every thing.
Higher oil means more domestic jobs here. Saudis altered their production lines hoping to destroy Fracking and off shore investments The world in turn opened Iranians to the free markets. Higher oil means American energy independence is not just achievable but structured to be completed and alternative energy using methane, solar wind hydro, coal Fracking and coal becomes necessary, wood pellets and corn kernel burning boiler systems become operational. After the nearly all paper plants in Maine closed or idled to skeleton crews and the vast recourses of timber and wood we possess higher oil means more jobs in the wood pellet industry in corinth, ashland, sherman, athens.... all leading to good paying harvesting transporting and distributing wood fuels P.s. Avenue Benjamins is all we have to sustain my life, so I try to stack as many I can mate.
Wow, that's some pretty good information. I'll definitely be looking more into this. Thanks!
Quote Originally Posted by nature1970:
I use the information to buy energy stocks. Td bank north offers modest rates and a personal exchange. If oil becomes more expensive than wood pellets become more affordable and stocks like rentec become most desirable. Fracking becomes more affordable. Other resources mainly junk lite and heavy steel become worth more currently 2 cents a pound if oil hits 100 steel goes five fold. To 10 cents a pound. Oil price drives all energy markets, even corn markets rebound. Oil is the constant to most every thing.
Higher oil means more domestic jobs here. Saudis altered their production lines hoping to destroy Fracking and off shore investments The world in turn opened Iranians to the free markets. Higher oil means American energy independence is not just achievable but structured to be completed and alternative energy using methane, solar wind hydro, coal Fracking and coal becomes necessary, wood pellets and corn kernel burning boiler systems become operational. After the nearly all paper plants in Maine closed or idled to skeleton crews and the vast recourses of timber and wood we possess higher oil means more jobs in the wood pellet industry in corinth, ashland, sherman, athens.... all leading to good paying harvesting transporting and distributing wood fuels P.s. Avenue Benjamins is all we have to sustain my life, so I try to stack as many I can mate.
Wow, that's some pretty good information. I'll definitely be looking more into this. Thanks!
70-100 per barrel is way too much in today's environment. I commented in another thread earlier in the year (and at the throes of the oil rout), that long-term oil is headed to 50-60 per barrel. This is where oil is today, and there is nothing to suggest a significant break out.
Oil producers here in U.S. are the 'swing' producers, and are happy to hear of OPEC production cuts. U.S. has the resources to fill the gap and keep the supply side relatively stable.
On the other side of the coin, I see very little disrupting the demand side of the equation and it's small growth rate. Much of the Emerging Markets (where lots of the growth has occurred) are dealing with lots of problems are not drivers of growth.
So, what's the summary ; 50-60 per barrel is realistic for the foreseeable future...
70-100 per barrel is way too much in today's environment. I commented in another thread earlier in the year (and at the throes of the oil rout), that long-term oil is headed to 50-60 per barrel. This is where oil is today, and there is nothing to suggest a significant break out.
Oil producers here in U.S. are the 'swing' producers, and are happy to hear of OPEC production cuts. U.S. has the resources to fill the gap and keep the supply side relatively stable.
On the other side of the coin, I see very little disrupting the demand side of the equation and it's small growth rate. Much of the Emerging Markets (where lots of the growth has occurred) are dealing with lots of problems are not drivers of growth.
So, what's the summary ; 50-60 per barrel is realistic for the foreseeable future...
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