"Besides killing a bunch of people and creating radicals it has done little else."
Respectfully disagree! It has also cost trillions.
"If btu goes bankrupt then coal is over in the us essentially"
That is not how bankruptcy works. The assets still exist, they are just transferred to different owners.
"One huge problem with the article you quote...Sterne Agee & Leach have been saying the entire coal sector has been way oversold and a "Buy" for the past 3 years!!!"
Perhaps Historyrepeats is their analyst.
"If Shale oil producing companies have been going bankrupt, do you think we are producing more oil or buying all the cheap oil we can get?"
We've been producing more and soon will be producing less. Production reacts to price very slowly.
"no... no more coal... Obama has a plan for generating America's power through new technology utilizing Unicorn spit and rainbows.. so relax.."
This kind of childishness has not helped the BTU bulls. I get being a bull. Yeah, coal will 'still be around'. But why be in denial that, say, wind now provides 10% of electricity generation in Texas? Or that solar offset most of the hydro power California lost from the drought? Or that oil and gas production have exploded higher during the Obama administration?
"Obviously you must be an Obama supporter to make such an Asinine statement!!"
Moose is not the one who has been seeing the BTU situation with biased vision. He has accurately called the situation the entire way down. The table pounding longs from $20 and higher are the ones who would do well to think about where they went so wildly wrong.
"But be sure, he will be intensifying his efforts to harm American interests around the world as much as he can in that time."
American interests have not been aided by the various multi trillion dollar middle eastern misadventures of the past decades.
"If oil went to zero from it's current level, SCO would be up MANY multiples higher than 200%. Think about the percentage gain going the other way say if you bought when oil was 10 cents and it goes to $50."
I've thought about it. Going from 10 cents to $50 'tomorrow' is a gain of nearly 5000%. A leveraged ETF should therefore return 10,000%.
Oil going from $50 to 0 'tomorrow' is a short gain of 100%. A leveraged ETF should therefore return 200%.
One of the knocks on shorting has always been that the potential gain is limited to 100% while the potential gain from being long is theoretically unlimited.
"Im not desperate, I bought my first block at 22.33 which I felt was the bottom, it went a little lower and since have gotten 16.84 and all regularly in between, what the heck I keep accumulating every other Friday, my cost average is 19.75 which is very good. Oil USAGE, DEMAND, AND NEED will EXPLODE 2015-2016 going into anew Election with real new leadership in America for the economy. Don't feel sorry for me, Im gonna score good here."
Your problem was, and remains, that you don't understand contango.
"I understand an ETF can't move exactly 1 for 1 with the underlying, but how is USO up with WTI is down over 1%?"
WTI officially closes at 2:30 pm. The stock officially closes at 4 pm. So when USO went down 1% after 2:30 pm on Friday, that 1% decline is a Friday loss for USO but a Monday loss for WTI.
"Its best to only "nibble" away in weakness.
Those nibbles usually pay off nicely later on.
People that try to catch that falling knife usually get hurt real bad. A nibble isn't an attempt to catche the knife, its just sampling a little on the way down."
This is revisionist. Rails is a poster child for table pounding BTU knife catching.
bj, USO and UCO have been crushed by contango during that time.
As far as SCO, the math hurts my brain between the leveraging and compounding and all that but let's put it this way. If oil went to zero tomorrow, I assume SCO would be up 200% (double 100%). If you bought it 18 months ago (Sept. 2013), you're up 214%. Maybe not what the decay crowd would have in mind, but I don't know.
"Just follow the money, and a lot of these climatologists making these BS predictions either have grant money paid by someone who has an agenda or they too have invested in carbon credits."
Says the guy who constantly spams the board with an advertiser-driven ice age website.
"either you believe that political beliefs will swing from left to right and balance out the last 8 years or you don't."
Delusionally narrow way to frame the issue. Suggests the problem for BTU has been totally political, when of course all forms of energy have gotten way cheaper.
Will say it again: I get being bullish. I don't get being in denial about all the factors.
"I bet we bounce back and don't hear a peep from them tomorrow!"
You're looking for tricks that aren't there.
Texas produces 3 million per day, not 2. The offshore Gulf stuff churns out 1.5. Alaska, California, and Colorado combine for another 1.5. Pennsylvania, Montana, Utah, and Wyoming are another million. The Dakotas get you another 1.5. That's already 8.5 with about 40 states still to be counted.
"Just watch the posts. If the could shield their long positions with women and children, they would."
This is a very unfortunate aspect of the speculating community, yes. The gas investors cheer for hurricanes. The coal people root against the adoption of renewable energy.