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Linn Energy, LLC (LINE) Message Board

feets_dont_failme_now 9 posts  |  Last Activity: Jan 27, 2015 9:08 PM Member since: Sep 3, 2002
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  • Reply to

    The price of oil

    by blueflamedave Jan 25, 2015 4:51 AM
    feets_dont_failme_now feets_dont_failme_now Jan 27, 2015 9:08 PM Flag

    ["They hedged their oil on the markets and need to meet contracts"
    At these prices can't they buy petroleum to cover their contracts?]

    Cheaper to produce it than buy it. The logic is that once a well is flowing it is sunk capital so produce what you can. Service companies are already taking a big hit and it will get worse in the short term. Operating companies with deep pockets will continue spending (albeit at lower rate) and will make strategic acquisitions. They will also use the slowdown to squeeze concessions from service companies, EPC firms, etc.

  • Reply to

    The price of oil

    by blueflamedave Jan 25, 2015 4:51 AM
    feets_dont_failme_now feets_dont_failme_now Jan 25, 2015 9:03 PM Flag

    I think we are about at bottom now. Maybe a little lower, say $45ish WTI.

    Over $50 before the end of the year.
    Over $80 in 2 years.

    All bets off if Iran goes Nuke or Israel attacks to keep them conventional.

    Oil is a history of boom and bust. Ever since it displaced whale oil.

    Many people said that we could not just drill our way to cheaper gasoline. Now that we have, what's next?

  • Reply to

    Cheap oil days are over

    by redshoe77 Jan 16, 2015 12:26 PM
    feets_dont_failme_now feets_dont_failme_now Jan 19, 2015 11:08 AM Flag

    Gee Dave. Never figured you for a kool-ade drinker.
    Oh well.

  • feets_dont_failme_now feets_dont_failme_now Jan 6, 2015 11:13 AM Flag

    Yes, probably more difficult to get untaxed fuel if the tax is truly global. I would imagine that fuel would still come in from Mexico and Canada. My point was that virtually any cost differential will have people reacting to decrease that differential. Whether it be simply driving across the border to fill up or driving across with 50 or 100 gallon saddle tanks.

  • feets_dont_failme_now feets_dont_failme_now Jan 5, 2015 5:18 PM Flag

    There is already a "Back Market" for diesel fuel with off road farm diesel being used on-road. I have know idea what %, but it is pretty common in the farm belt.

  • feets_dont_failme_now by feets_dont_failme_now Jan 5, 2015 11:43 AM Flag

    One of those scientific organizations backing away from your CAGW religion?

    The North and South Poles are “not melting”, according to a leading global warming expert. In fact, the poles are “much more stable” than climate scientists once predicted and could even be much thicker than previously thought...

    And there could even be evidence to suggest the polar bear population is not under threat.

    Ted Maksym, an oceanographer at the Woods Hole Oceanographic Institution in Massachusetts, conducted a study in which he sent an underwater robot into the depths of the Antarctic sea to measure the ice.

    His results contradicted previous assumptions made by scientists and showed that the ice is actually much thicker than has been predicted over the last 20 years.

  • feets_dont_failme_now by feets_dont_failme_now Jan 1, 2015 1:12 PM Flag

    10. Weather did not even occur before Henry Ford automated the production of the automobile. No, really, look it up.

    9. Climate modelers discovered that the Earth is not warming nearly as fast as their models predicted. A multi-billion dollar effort is now underway to make the climate system warm even faster.

    8. The Koch Brothers were discovered to be extraterrestrials out to destroy the Earth. If you haven’t heard that yet…you are one of the stupid people who were deemed to be not trustworthy enough with the information.

    7. Global sea ice reached a near record maximum, due to a bust-gut effort by Exxon-Mobil which has been making ice cubes in China and shipping them to the poles.

    6. Global warming causes cooling. This had always been expected, but it was finally proved by two French literature graduates who Googled it.

    5. It’s Bush’s fault.

    4. A viable replacement for fossil fuels was finally discovered: Solar Freakin’ Roadways. (If solar panels tilted toward the sun and kept clean are a good idea, then putting them on the ground and running over them with 10-ton trucks is even better!)

    3. Ninety-seven percent of climate scientists surveyed agreed that if the global warming issue (and their government funding) went away, their careers would end.

    2. The 420th U.N. climate meeting in Lima, Peru, was finally made carbon-neutral with jet travel fueled by methane gathered from unicorn herds, and carbon offsets purchased from Al Gore which will go toward planting of 5.3 billion trees which never die.

    1. Carbon dioxide (necessary for life on Earth) was discovered to be different from carbon monoxide (a poisonous gas). The full implications of this finding are still being investigated, but are not expected to interfere with continuing plans to increase energy prices and keep Third World people from becoming First World.

  • Reply to

    Biggest lie of the year

    by redshoe77 Dec 18, 2014 2:03 PM
    feets_dont_failme_now feets_dont_failme_now Dec 23, 2014 11:10 AM Flag

    Esper, J., Duthorn, E., Krusic, P.J., Timonen, M. and Buntgen, U. 2014. Northern European summer temperature variations over the Common Era from integrated tree-ring density records. Journal of Quaternary Science 29: 487-494.

  • feets_dont_failme_now by feets_dont_failme_now Nov 22, 2014 11:51 AM Flag

    "...A research effort by Google corporation to make renewable energy viable has been a complete failure, according to the scientists who led the programme. After 4 years of effort, their conclusion is that renewable energy “simply won’t work”.

    There is simply no getout clause for renewables supporters. The people who ran the study are very much committed to the belief that CO2 is dangerous – they are supporters of James Hansen. Their sincere goal was not to simply install a few solar cells, but to find a way to fundamentally transform the economics of energy production – to make renewable energy cheaper than coal. To this end, the study considered exotic innovations barely on the drawing board, such as self erecting wind turbines, using robotic technology to create new wind farms without human intervention. The result however was total failure – even these exotic possibilities couldn’t deliver the necessary economic model.

    The key problem appears to be that the cost of manufacturing the components of the renewable power facilities is far too close to the total recoverable energy – the facilities never, or just barely, produce enough energy to balance the budget of what was consumed in their construction. This leads to a runaway cycle of constructing more and more renewable plants simply to produce the energy required to manufacture and maintain renewable energy plants – an obvious practical absurdity..."

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