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Great Basin Gold Ltd. Message Board

forwardflash 290 posts  |  Last Activity: 4 hours ago Member since: May 9, 2003
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  • WASHINGTON/NEW YORK (Reuters) - The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of the world."

    For the full article Google subject line.

  • forwardflash forwardflash Dec 31, 2014 10:55 AM Flag

    Maybe we are close to the bottom, just read on Bloomberg TV that record amounts of money is being put into oil ETF's. Ng looking also.

  • forwardflash by forwardflash Dec 31, 2014 12:04 PM Flag

    allowing shale oil to be classified as processed, will facilitate shale and tight oil companies to export their oil into the world market, could add as much as five bucks a barrel to shale producers. Also read record amounts of money being funneled into Oil ETF's. This could mean a bottom is forming. I'd say by the end of 2015 oil prices will be eighty bucks, barring any black swan event, like an attack on the Saudi's or Iraqi oil fields, in which case a hundred bucks would happen in a blink of the eye. I'm thinking TZR will weather the storm.

  • Reply to

    USA administration to allow export

    by winmore_98 Dec 31, 2014 3:34 PM
    forwardflash forwardflash Dec 31, 2014 5:20 PM Flag

    This benefits tight oil producers more than it does heavy crude producers. Cad and US sour crude producers still face competition from Venezuela, Mexico and Saudi Arabia. In any case the Saudi's will import approximately one million barrels a day of sour crude to their US refinery.. The events that would benefit Cad sour producers would be the Keystone XL (KXL) approval, and of course an exit from the gw BuSh R. caused greater recession that has been prolonged by their insistence on austerity. The R. will bring the KXL to the Senate for a vote in early 2015, if it does pass the Senate, it still will face several court challenges possibly all the way to the Supreme Court, and the Governor of Nebraska changed their constitution to make it legal to seize private property for the XL easements, if he had the power to do that has yet to be decided by their supreme court. An exit from the R. recession, the rejection of their austerity, and suppression of wages will be the single best thing for crude, the more expendable money the consumer has to spend the better all services and goods do, and it appears that a recovery though still a bit tenuous is taking place.

  • Reply to

    Canadian Rig Counts

    by liberty3924 Dec 31, 2014 9:19 PM
    forwardflash forwardflash Jan 1, 2015 1:57 AM Flag

    Could be, what I'm sure of their drilling will drop off dramatically as the US will, once the commitments that can't be cancelled are completed.

  • Reply to

    Canadian Rig Counts

    by liberty3924 Dec 31, 2014 9:19 PM
    forwardflash forwardflash Jan 1, 2015 12:19 PM Flag

    The thing you have to consider when looking at Cad rig count is the weather, because many of their well sites are only accessible during the winter when the ground is frozen. In order to draw conclusions from the numbers you first need to look at prior months temperatures, if they were cold enough to freeze the ground or not in the area of interest. With that said it is safe to assume CAD as well as the rest of the oil world will be cutting back and drastically.

  • Reply to

    World Economy vs US Economy

    by aphiticus Dec 31, 2014 8:42 AM
    forwardflash forwardflash Jan 1, 2015 1:57 PM Flag

    I asked ANV what percent of expenses was diesel, I never did get a reply, and if IR don't reply to my questions I don't buy their stock.

  • "Linn Energy (NASDAQ:LINE) is the latest energy company to cut its capital spending budget in the wake of falling oil prices.

    The Houston-based company with assets in the Rockies, Mid-Continent, Texas, Illinois, California and Michigan slashed this year's budget by 53% from 2014 levels to $730 million.

    "After careful consideration, LINN's senior management proposed and the Board of Directors approved a 2015 budget that contemplates a significantly lower current crude oil price than in 2014," said CEO Mark Ellis in the release."

    Unfortunately more to come.

  • $8 billion project to bring Canada's oil sands petroleum to Nebraska en route to refineries on the Gulf Coast say they have picked up votes for the project in November's midterm elections. But they do not yet have the 67 votes that would be needed to override any veto by President Barack Obama"

  • forwardflash by forwardflash Jan 2, 2015 4:01 PM Flag

    US expected to lose 600 drilling rigs by August.

  • forwardflash forwardflash Jan 2, 2015 4:30 PM Flag

    In a surprise to scientist Graphene appears to be able to convert hydrogen from air. If enough hydrogen can be converted from air to run a fuel cell car, that will be the most revolutionary technology ever.

    Video killed the radio star, Graphene killed the battery car?

  • forwardflash by forwardflash Jan 2, 2015 4:55 PM Flag

    very interesting. Apparently the miracle of graphene can add another possibility to its every growing portfolio of maybes, scientist discovered that it can harvest hydrogen from air, couple that with the commercialization of fuel cell autos and you have the potential for the most disruptive tech ever.

    If this proves to be feasible, you could drive your fuel cell auto while it harvests its fuel from the air, and when its parked in your garage it could power your house. I don't expect this to happen anytime soon, but it is interesting anyway.

  • Reply to

    hmmm.. volume

    by reidosmith Dec 22, 2014 11:32 AM
    forwardflash forwardflash Jan 2, 2015 4:57 PM Flag

    And another huge day of volume. curios.

  • Reply to

    interesting excerpt from a SA article on oil.

    by ca7777111 Jan 3, 2015 11:58 AM
    forwardflash forwardflash Jan 3, 2015 11:39 PM Flag

    Iraq and Russia are both increasing production, and I read that the surplus is two million barrels a day..

  • Reply to

    Oil Derivatives Explode in Early 2015-Rob Kirby

    by jj719903 Jan 4, 2015 11:04 PM
    forwardflash forwardflash Jan 5, 2015 1:01 AM Flag

    Seems like more and more people are claiming this will be the year of another crises caused again by our financial institutions. But, this time the R. will have a hard time placing the blame on black Americans allegedly buying houses they can't afford. The real problem is as last time, banks and other Wall Street financial schemers are leveraging their loans ten times, fifteen times and more. Works fine if most pay but not good if they can't. If they can't be paid the leveraged loans now become leveraged liabilities, or by a great amount more money than the bank has on deposit. The bank or banks in trouble could borrow from other banks to cover their bad debt keeping the system afloat, but the problem is systemic or too many banks are in that same situation, not enough money in all of them to cover each other. So here we go again Uncle Sam to their rescue, privatize profits and socialize bad debt. The growing poor class and the shrinking middle class, may not understand why they are working harder and still falling behind, why the rich get bailed out and the rest are left to burn, but this time they will understand who the real culprits are, This time maybe they will get it that reaganomincs trickle down is a yellow liquid.

  • Reply to

    Oil Derivatives Explode in Early 2015-Rob Kirby

    by jj719903 Jan 4, 2015 11:04 PM
    forwardflash forwardflash Jan 5, 2015 11:26 AM Flag

    "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.

  • Reply to

    Oil Derivatives Explode in Early 2015-Rob Kirby

    by jj719903 Jan 4, 2015 11:04 PM
    forwardflash forwardflash Jan 5, 2015 11:40 AM Flag

    rogere1946

    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.

  • Reply to

    Oil Derivatives Explode in Early 2015-Rob Kirby

    by jj719903 Jan 4, 2015 11:04 PM
    forwardflash forwardflash Jan 5, 2015 12:16 PM Flag

    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?

  • Reply to

    Oil Derivatives Explode in Early 2015-Rob Kirby

    by jj719903 Jan 4, 2015 11:04 PM
    forwardflash forwardflash Jan 5, 2015 12:26 PM Flag

    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.

  • Reply to

    Oil Derivatives Explode in Early 2015-Rob Kirby

    by jj719903 Jan 4, 2015 11:04 PM
    forwardflash forwardflash Jan 5, 2015 12:33 PM Flag

    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.

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