Not trying to argue with you dstone just sharing my viewpoint as a non-O&G investor at this point. I do know cheap oils is a temporary exception, like any other commodity. Have a great Christmas, good idea give the computer a break shut 'er down! Enjoy some cookies, egg nog, ham, visitors,fresh air, and crack open some nuts! Lets see what next week brings.
dstone don't worry the oil workers are still employed. The company's just aren't going to make as much money. I feel real sorry for them let me tell you. Exxon made $32B in PROFIT last year and is trading at $93 today.
'Stone, O&G "carnage" is from the viewpoint of O&G investors, and perhaps employees. However, I believe it was T. Boone Pickens the other day said these O&G prices are like a Trillion-dollar tax cut for the economy. Overwhelmingly positive. Just depends which end of the stick you're on? Apparently you have some O&G investments. I recall many recessions that started out with $120 oil and $4 gas. This is the opposite scenario. Any conclusions related to oil prices and recessions, must have the events considered in the sequence they occur. An opposite sequence can and should lead to an opposite conclusion.
'Due to the coal slump, we're cutting the budget for message board pumpers.'
Aapljack, since they pay me in Shares of stock, it really hasn't been costing them much lately. I should renegotiate soon. The problem is they can't know whether to attribute you buying your 25 shares because of what you read here, or because of what you read on Penny Stock Alerts.
The site doesn't say but based on tomorrow's temp I think Joe's right it's Celsius. Regardless, I don't remember a January that wasn't cold. In any case, one has to be pretty creative to come up with a scenario where you have record nat gas consumption, record LOW numbers of gas drilling rigs, and sustained low prices. Sounds like quite the fairy tale for gas consumers - and a nightmare for gas producers and investors.
ford; I don't claim to know everything but at least I am not too lazy to look up the relevant information. My ignore list is getting bigger than Ayss chew / Bellard's nose!
Just to be clear, I am open to hearing bad news when and if it exists. But you guys blatantly making stuff up is pitiful and desperate. Gas below $3 is unsustainable, in the long term it can not economically compete with coal. Thus the misinformation from gas proponents and the political efforts to curb coal - its the only chance gas has. Bellard says "most" gas comes from oil wells, associated "waste" gas. That's completely untrue, only about 1/5 of gas comes from oil production (which comes only from new wells and depletes very quickly). 80% is from purposely drilled/fracked dry gas wells when and if it is at a profitable price. I am not here to argue with bull5hitters, you guys will be on ignore thank you very much Yahoo.
Sure and in South Africa, gold is trading below $500.
ayscuew, I think the cold temperatures are killing your brain. is there any chance you and 'Bellard' are the same person? I see some strong similarities in language and thought patterns, and lack of credibility.
I don't know how you (and your shadow Bellad) come up with this $2 stuff for NG, that was 2012, 2 years ago! I watched this segment on CNBC, they mentioned it being under $2 two years ago, and that it recently dropped 80 cents (from high $3's to low $3's) How can these simple numbers be so confusing to both you and Bellard? If you want to live in 2012, Ok, BTU is trading at $25 instead of $8. God. Picken even spells out what happens with low prices and low rig counts, both demand and prices eventually go up. At some point higher prices pull in more drilling rigs. Its not that complicated, really.
Dare I say, "good". How many times has Mongolia jerked companies around rescinding previous deals on this.
dstone didn't you used to work at big advertising firms or was that someone else on here? How do they justify the spending, I've never clicked on an Ad except accidentally (fat finger clicks)
dstone, you would think a self-proclaimed energy economist would have access to this data, other than on a Yahoo message board, wouldn't you?
I think you just state total #$%$ hoping someone will refute it with facts you are curious to know. Epic laziness.
Yea ok bellard whatever. No wonder I had you on ignore before.
They used to say $2.50 and $2.75 gas prices were key levels for PRB and ILB basin coals to compete, respectively. However transportation is a big factor in the cost competitiveness of coal. Transportation often costs more than the coal itself. Railroad fuel surcharges have gone down significantly, so I suspect coal in this region will continue to be the fuel of choice at even lower gas prices IF that were to happen.
Very nice, that's about the best news I've seen in two years Re: coal stocks. I know the demand is out there for coal, but demand for coal investments is what drives our stock price. They still have Wilkie Creek for sale, a buyer could emerge at any time now.
Also "Heaviest_freight_train-Guinness World Record Holder", that's actually a better video of the same train
Rails, check out the Youtube video "THE Longest and Heaviest train OFFICIALLY in the world"
8 Locomotives distributed among 682 iron ore hopper cars! BHP train in Australia. 4 miles long.
Yahoo is so archaic it isn't funny. No Edit, no Links, no pictures. Its like a 1980's dial-up Bulletin Board. But no SysOp to fix stuff.
Article on FT. Yahoo keeps deleting if I try to post the article but that's the title