Posted on 02/01/2011 5:52:04 PM PST by Kaslin
I’m particularly fond of U.S.domestic onshore producers. They are poised to be the primary beneficiaries of spiking world oil prices while oil is still priced in USD.
Vanguard Natural Resources, LLC would be a solid pick.
And yes, my money is where my mouth is.
‘I’m just waiting for Bill O’Reilly to rail against the energy speculators as he did in 2008. I like his show, but he’s a dunce on economic matters.’
My sister got her letter read on air by O’Reilly. She called him an economic illiterate. LOL!
Bagdad Boxer posted earlier
Dear Friend:
This week I introduced the West Coast Ocean Protection Act, a bill to permanently prohibit new offshore drilling along the Pacific coast. I was joined by all the Senators from the West Coast – including my colleague from California, Senator Dianne Feinstein, and Senators Maria Cantwell (D-WA), Patty Murray (D-WA), Ron Wyden (D-OR), and Jeff Merkley (D-OR) – in offering this critical legislation to protect the 570,000 jobs and $34 billion coastal economy of our three states.
Every State should be working to limit Federal power.
A lot of what is being called “shale oil” has a break even of about $60/bbl. The technology required to get to the oil and the fracking to get it out aren’t cheap. But they are effective.
And yet they wonder why the West Coast States are going broke (or already there)...nothing quite like crapping in your mess kit and then claiming you can’t eat...
$60 sounds more realistic for break even. Either way the break even is less than we are already paying.
Keep in mind, too, that oil is sold on a global market, the price set by buyer bid, not the seller.
““prey” you meant pray.”
Thanks lurker. However, some strategic preying just may be prudent too.
Ping
Why drill for oil when you can burn food, and starve the 3rd world into a war for world dominated fascism? The halfrican ain’t stupid.
Yep. They always say no because it will take x years to get the oil to production. And when we get to that point, the answer is still no because of the same number of years to production. It is like the people are a collective donkey with a carrot on a stick out front.
Yep. They always say no because it will take x years to get the oil to production. And when we get to that point, the answer is still no because of the same number of years to production. It is like the people are a collective donkey with a carrot on a stick out front.
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