Less demand and more oil equal less profits and a lower share price.
Interesting one of POTUS former advisers says, US oil should be allowed to sell on the foreign markets, he makes the case that there is too much sweet oil and not enough sour in the US. If oil companies were allowed to sell sweet they then could buy sour, selling caviar and buying tuna makes for good profits, their words not mine.
US refineries are reluctant to reconfigure their refineries for the more abundant light sweet crude, because of the costs. But more importantly a larger amount diesel is produced from sour crude than from sweet crude, and diesel is more profitable than gasoline.
doesn't WL need money to build the necessary facilities to meet the production numbers they want, would that not mean massive dilution? This is a legitimate question cheerleaders so don't get your panties in a knot, just answer the question.
H00ker_Stupid, the worlds past and present climatologist scientist collectively established that the earth, in the past has gone though natural periods of climate change. Today 97% of them are now telling you that this present cause of climate change is not natural and is being caused by man. Opinions from the RUSHB(o), the insanity of Hannity and glen "the Wild Peccary" beck), and other righties are just that, inventions from their mind to make them appear to be relevant, how else could the make a living off of right wing idiots that you epitomize so well?
Hope this helps.
"Grand Haven's mayor, Geri McCaleb, is among the skeptics who consider warming merely part of nature's historical cycle. Yet she's on board with ideas for dealing with storms.
"History will bear out who has the right answers" about climate change, McCaleb said."
So righties who established that the earth had warmed and cooled in the past? Scientist. So you believe them on that, but you don't think 97% of the worlds climatologist today, know that it is man that is causing this present climate change.
GOP, pathetic fools r us! Guess I shouldn't be so hard on them it isn't their fault they were born liars and deniers, it is in their DNA.
"The sovereign citizen movement is considered the top threat for domestic terrorism, according to a survey of state, local, and tribal law enforcement agencies.
Islamist extremists and militia/patriot groups round out the top three threats to communities in the United States considered most serious by 364 officers of 175 state, local, and tribal law enforcement entities, according to a survey conducted by the National Consortium for the Study of Terrorism and Responses to Terrorism (START).
The survey - “Understanding Law Enforcement Intelligence Processes” - found that “52 percent of respondents agreed and 34 percent strongly agreed that sovereign citizens were a serious terrorist threat” as opposed to 39 percent of respondents who agreed and 28 percent who strongly agreed that Islamic extremists were the most serious threat. "
That is the problem with the Goofy Olde Plesiosauroid (GOP), people like you can't realize that we are far better off then when gw BuSh left office, but that doesn't mean the D. are saying things are just fine, in fact they say things could be much better if the GOP would allow some of President Obama's bills pass.
Halliburton owns a barite deposit near Battle Mountain NV. If WLC's Lithium meets TSLA's requirements, a buy out wouldn't be to long a reach.. Only thing one might want to keep in mind, graphene could replace Li.
"Most barite produced is used as a weighting agent in drilling muds. These high-density muds are pumped down the drill stem, exit through the cutting bit and return to the surface between the drill stem and the wall of the well. This flow of fluid does two things: 1) it cools the drill bit; and, 2) the high-density barite mud suspends the rock cuttings produced by the drill and carries them up to the surface"
"Strong factory orders, auto sales brighten U.S. economic picture"
Panasonic and Tesla have reportedly entered into an agreement involving Panasonic's participation in Tesla's upcoming Gigafactory, according to newswire reports.
Initially, Panasonic is expected to invest JPY20bn (US$194m) to JPY30bn in the factory, equipping it with the machinery to make battery cells.
BEIJING (AP) — Tesla Motors Co. and a state-owned Chinese phone carrier announced plans Friday to build 400 charging stations for electric cars in a new bid to promote popular adoption of the technology in China.
Plans call for China Unicom Ltd. to provide space for construction and basic services in 120 cities while Tesla, based in Palo Alto, California, operates the stations. The two companies also will build 20 "supercharger stations" in 20 cities to offer high-speed charging.
Promoters of electric cars see China as a promising market due to Beijing's support for the technology and eagerness to reduce smog. But the lack of charging infrastructure in this vast country is seen as a major hurdle to winning general acceptance.
Tesla delivered its first U.S.-manufactured electric sedans to Chinese customers in April and CEO Elon Musk said then the company planned to invest several hundred million dollars to build a charging network in China.
Prior to Friday's announcement, Tesla had 200 charging points in China."