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Linn Energy, LLC Message Board

  • oldruff00 oldruff00 Jan 5, 2011 12:33 PM Flag

    More from T. Boone

    Legendary energy investor T. Boone Pickens said he thinks oil prices could touch $120 a barrel, a forecast that is above the $100 per barrel estimate most major banks proffered toward the end of last year. In an interview with the National Journal on Tuesday, Pickens said oil will trade over $100 a barrel this year, not average $100 as many estimates believe, and prices could average between $110 and $120 a barrel, which could result in gas prices of $4 a gallon.

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    • Meaning to say that's what it will take before the politicians get it.

    • Unfortunately the balance of payment crisis will have to go to the full blown mode and the rush to exit the dollar begins.

    • jackhiller@ymail.com jackhiller Jan 7, 2011 12:03 PM Flag

      "If our leadership focused on individual economic opportunity rather than redistributing what exists, we would do it far better simply because individual liberty is an imperfect but superior meritocracy than socialism.

      The general welfare clause reflects a duty of our government to follow policies which result in maximum economic opportunity for all citizens while maturely caring for the environment.

      It has always been enough that American have voted for jobs not handouts to make us into the greatest more generous people on earth.

      ‘Affirmative action is a symptom of boomer arrogance not the root problem’. "

    • I think unionization of civil service did far more damage that ‘affirmative’ action. They just completed a board survey of union rank and file membership in the productive economy and found; as we should expect, traditional Americans. America first and jobs for all Americans. You speak to FailUfornia teachers and 3 out of 4 times you get a bunch of one world delusions. Unfortunately it is this childish nonsense infecting the teachers union which has come to control the state government which has driven FailUfornia to what is likely unavoidable bankruptcy and continuing decline.
      Bill Clinton had the most success in broad stable employment and that led to real jobs creation in economically devastated areas of America. Unfortunately he chose to fan the NAZ5000 bubble for his own political power and what should and could have been long term jobs were swept away in the correction. But what was proved was that full employment solves these problems while three generations of government socialism made it worse.
      The Totalitarian Chinese have switched from communist to fascist socialism. Hitler’s brilliant economist achieved far more with pragmatic common sense solution based policy than FDR’s delusional ‘material new deal bill of rights’, social justice and destruction of real economic output to ‘increase’ prices. Once again America is ham strung by arrogant and willful delusion and it makes it appear central planning socialism is superior. Once War time necessity made FDR put all his arrogance on the back burner we saw what the American system can do. Collectivism is no match for us.
      For our model to work people must be measure by the content of their character. In fact the more power an individual wields so does the standards of ethical behavior we demand from them.
      It is interesting that academics are now incapable of separating organizational behavior from basic issues of philosophical thought and the ramifications of it. In fact their reflexive action is to immediately assume a discussion of ethics must be religious rather than philosophical. Never mind that these issues were wrestled with by pagan Greeks and Chinese folks long before Christ. Their assumed intellectual superiority manifests itself by claiming minor retrograde thoughts in pop culture books is all the proof they need to profess. Very ‘Pebble in the Sky’ of them. ;-)
      The Chinese fascists are kicking us around because they are focused on setting conditions which generate jobs, higher living standards and great individual opportunity. The cheating helps but it is not the primary reason for their superior performance. If our leadership focused on individual economic opportunity rather than redistributing what exists, we would do it far better simply because individual liberty is an imperfect but superior meritocracy than socialism.
      The general welfare clause reflects a duty of our government to follow policies which result in maximum economic opportunity for all citizens while maturely caring for the environment. It has always been enough that American have voted for jobs not handouts to make us into the greatest more generous people on earth. ‘Affirmative action is a symptom of boomer arrogance not the root problem’.

    • One huge reason China is taking the lead over America is because in their culture, they hire people by education and ability rather than by race and gender. Our government and utility companies are loaded with people who have jobs based on criteria unrelated to skills or ability. Talk to anyone who works for city, state, police, fire, utility, etc. and you will hear countless examples of wrong doing and lost opportunity to satisfy political correctness.

    • Pickens is a serial predictor. For decades now he has relentlessly prognosticated, but he seems to be wrong as often as he's right.

      • 1 Reply to Ronharv
      • jackhiller@ymail.com jackhiller Jan 5, 2011 4:47 PM Flag

        Ron,

        Correct. What I find useful in his prediction interviews is the array of facts about worldwide production capacity and near-term usage estimation that he presents to argue for his unreliable predictions. He does appear to have an analysis team that acquires up to date energy industry data which he then shares; his naturally self-interested, biased inferences cannot be trusted.

    • Hi Ruff,
      Clearly America is again buying lowering living standard and perhaps another round of complete economic dislocation because our transportation net is tied to a commodity controlled by backward unstable people. Further no matter what policy America follows, world economic growth will in all reasonable modeling result in significantly higher prices limited only by lower American demand cause by lack of our economic growth.
      Maybe we cannot quickly displace the imported oil with clean natural gas overnight. But the simple fact is every drip of imported oil displaced is not only a real stimulus for our economy but actually serves to stabilize the oil market as we (hopefully) continue to transition.
      Time to simply get this done like a war time priority it truly is.

 
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