Casey'sBoy- Don't you think you should be thanking P. Obama for low oil prices? After all you righties were a few months ago were howling like sissy's when oil prices were over a hundred bucks. Ya' all was a yell'n in unison, Obama hates America because he won't let oil companies drill. Idiots just about everyone of ya all.
Thirty bucks for Cad oil was on Bloomberg TV. You do realize that Cad oil due to lack of adequate transportation, and now to much oil sells at a discount to US oil?
"Collapsing oil prices could force Suncor Energy Inc. and its partners to defer spending at the $13.5-billion Fort Hills oil sands development, a project that has already been delayed for years due to fears over high costs.
Today’s crude prices under $50 a barrel (U.S.) are well below the break-even level required for the northern Alberta project, where production is still two years off but spending is slated to be at its peak this year and next, analysts say. One possibility, they suggest, is a slowdown in expenditures as oil markets remain in a deep trough."
"While the stand-off between the oil cartel and U.S. producers of light, sweet shale oil has captured the limelight in recent months, the clash over heavier grades - playing out in the shadowy, opaque physical market - may put even more pressure on global prices that have halved since mid-2014.
Two factors will come into play over the next few weeks: From the North, new oil pipelines will pump record volumes of Canadian crude to the southern refineries, many better equipped to process heavy crudes than lighter shale oil."
"Large volumes of foreign heavy oil reaching the Gulf Coast will give many U.S. refiners more choice after they have upgraded their systems to process cheaper, heavier crudes. The new supply also marks a breakthrough in Canada's years-long effort to bring its growing Alberta oil sands crude output to new markets"
Google High Noon on the Gulf Coast: Canada, Saudi oil set for showdown
On the other hand.
"But despite the FCV testing, things look brighter for batteries. According to BMW’s sales and marketing chief, Ian Robertson, lithium-air and solid state batteries may remove the few advantages touted for fuel cell vehicles – namely, fast refueling, and long range.
Over the next 10 years while Toyota hopes to see hydrogen refuling infrastructure come online, Robertson said progress on lithium ion then advanced batteries beyond could “see charging time and range worries disappear.”
"Toyota plans to sell a fuel-cell vehicle in 2015, which would make it a leader in a technology that most other automakers regard as about 10 years from being marketable.
Toyota is sticking to its timetable of selling a fuel-cell sedan in three years, said Justin Ward, advanced powertrain program manager at the Toyota Technical Center in Ann Arbor, Mich.
Initially, it likely will be sold in California, which plans to have 68 hydrogen fueling stations by the end of 2015, Ward said at the Center for Automotive Research Management Briefing Seminars. Michigan has not made a similar commitment.
Ward said the fuel-cell car will be available for both retail and commercial sale.
Honda has sold a few hundred of its FCX Clarity fuel cell-electric cars since 2008, mostly in California.
Executives from Ford, General Motors, Chrysler and Volkswagen see fuel-cell vehicles as being further out, and most have not said when they'll have vehicles on the market.
"We don't see it as early as Toyota does," said Oliver Schmidt, general manager of engineering with the VW Group. "We see it in the 2020 time frame."
Joe Bakaj, Ford vice president of powertrain engineering, said, "The question is when (will) fuel-cell vehicles become affordable to customers," specifically when the fuel-cell stack competes with the battery pack on cost.
"Within 10 years, I think they will be as affordable as full battery vehicles, and the fuel cell will have a big advantage in range," Bakaj said. "We think it will happen in the next 10 years."
Gary Smyth, GM executive director working on global research and development, said he sees little commitment in the U.S. to the necessary infrastructure by 2015."
The myth is, that the Fox opinionated gossip rag is a reliable source for information. Rupert Murdock's STAR Magazine as a matter of policy to make money, flatly fabricated stories and spun bits of truth into mountains of lies, it isn't any wonder that Fox so called news political segments follow the same format..
I think it will be about eighteen months before the bottom stabilizes around eighty. Things that could change the time frame and spike oil prices higher or lower, another financial crises, countries abandoning austerity, attacks on oil fields, destabilization of major oil exporting countries such as the Saudis. I'm short term (eighteen months) bearish. Not looking to buy yet.
The bottom line and the key word is, " delay".
The things in the end that will dictate future oil price, demand from growing economies or bombing of oil fields.
Obviously you don't understand averaging, or what the word global means.
nomination in recent weeks as White sought to complete the list of participants, according to two people who asked to not be identified because the deliberations were private. Democratic Commissioner Luis Aguilar had pushed for Stiglitz, who has said high-frequency trading isn’t good for financial markets and should be curbed, possibly through a tax. "
Democrats are mostly worthless, but not as worthless as the R. It would be easier to accomplish change through them than the R. party.
"That's a key lesson from 2014, when computer algorithm-led investing produced stellar returns, beating most gut-driven human managers and dramatically recovering most of their losses from 2011, 2012 and 2013."
The market is rigged any small time investor that doesn't know that by now, will end up broke in wonder land.
"Ron Paul, Jim Rickards and Steve Forbes give their blessings at the end of the video" That discouraged my interest in the video. The system works it is the abuse of the system that is the problem.
colgate, you lack the ability to recognize the difference between a crackpot. and a person of knowledge, courage and conviction.
I'll help, YOU are the CRACKPOT, she is the other one.
I agree with that to a point, but what you leave out is P. Obama attempted many things that were blocked by the GOP. The minority is not powerless in our government and the fact the GOP has stopped most of what P. Obama wanted is proof of that. NO administration ever before has had so many filibusters or maneuvering by the minority to prevent implementation of an administrations agenda, historical records prove this is unprecedented. So we will never know who his agenda would have worked for, or if those policies would have been better for most of us.
I wish I could say you were wrong, but the fact he signed the bill that repealed the little regulation that did come out of the melt down, says I can't. D's say they could have gotten that rider removed from the defense bill had Obama backed them, and Obama's lack of showing the tiniest of support for those that wanted the rider removed, makes me wonder just what is he about?
You nailed it perfectly. I'm probably a hopeless optimist. My thinking is, this time the harmed will identify who caused the problem, not necessarily what they did to create it.
"So when the housing bubble burst and so many people couldn't afford their mortgage payments anymore, those bonds blew up"
There is more to that, but I will just say most people who bought their house to live in could afford their payments, that is until they lost their jobs due to the recession. The real estate speculator who was estimated to be responsible for fully forty percent of the housing boom, realizing the bubble burst simply walked away from their debt. Basically the real estate speculator was able to buy more houses using the rising equity of their previous purchases.
Bottom line rampant speculation created an illusion of demand, demand the real market or put another way real buyers who wanted a home to call their own, couldn't absorb.