we need another republican oil man pres. who knows maybe bush will finish what daddy and bro didnt wipe iran off the face
sorry to talk to myself but i think cramer just called a bottom by saying conoco sucks and oil to 32. guess hes off the kmi wagon again.
this will all end when the lending money dries up. if you cant borrow operating money at the bank you cant operate. seems to me that the fracker revolution has turned out to be a fracking ponzi scheme. the private lenders have taken a bath and hopefully the banks are watching closely and realize that this might be a too good to be true scheme. i will bet that wiliston is not boweing out its chest like it was a year ago. on the other hand sadis have single handedly sent the oil producing states into a recession. which will spread across the rest of the country like a virus. this will in turn decrease oil demand and the sadi experiment will backfire.
so if you multiply 3.5 mil times say 365 thats roughly 1.5 billion in storage. where is all that oil. us holds roughly 700 million. and if that build say started 1.5 yrs ago and the price when oil was around 90 to 100 who is selling that oil at a 60 dollar loss. which companies are sitting on that kind of money and which banks are loaning out that kind of money to cos. to sit on that inventory. just doesnt add up that a co would buy 60 or 70 dollar oil so thay can sell it at 40. wont fly very long.
if you didnt sell some when it went up so much, shame on you, but maybe heres another chance to buy low and sell high. with a biggggg divy to let you wait. remember the bears are in control right know, and all you will here and read will be repeated over and over till the short pukes cover their holdings. we use more oil in the world than at any other point in time and that will continue to climb over time. believe me i want to quit just as bad as you sometimes but as soon as i do oil will go up 10 dollars. dont try to figure out the insanity of the market it will just meke you insane. this too shall pass.
encase you havnt noticed shareholders have had their clock cleaned. my question is how much money does it take to service debt and or pay a little off. i dont hols much but committed to go to 0. at least at 0 the bleeding stops.
now let me get this straight yesterday we go up because we believe china is going to do something to help prop up their economy. so today they do something and the world comes to an end. you just have to laugh at the children incharge of the market.
the problem is that the wall street pukes cant figure out how to make money so they scare the shish out of joe public. i had saved a little cash just incase the public fell for this mlp pipes drying up and bought 400 more shares today. own a total of .3400 shares and waiting to buy more if need be.
kmi effect what a freeking joke. the man compares kmi to line after they cut their divy. he is just brilliant maybe in the future we can start a kmi webbsite where you can log on and kinder can email your next tank of gas.
stoner441 since you have no stake in vnr why are you over bothering these people with your babbling bunch of bs. im sorry you bought tthi at 8 and its now at 2, dont go away mad just go away