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Linn Energy, LLC (LINE) Message Board

norrishappy 783 posts  |  Last Activity: 11 hours ago Member since: Apr 24, 2002
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  • norrishappy norrishappy Jan 18, 2015 2:19 PM Flag

    Just keep repeating delusional myth hoping the least informed will come to believe it.

    Lower order reality of the Progressive.

  • norrishappy norrishappy Jan 18, 2015 2:18 PM Flag

    Norway has a massive sovereign wealth oil fund. There problem is not the current price of oil. But rather than the politics of oil and the extensive welfare state has made their economy decline in energy.

    Mexico is desperately trying to deregulate their energy industry and reverse a dramatic decline in production.
    I would not expect this corrupted by the elite nation to get the necessary investment to reverse their decline in the environment of below cost of marginal production oil prices.

    Venezuela is in a full blown currency crisis with hyper inflation. I would not expect the Progressive government to suddenly find the oil dollars to reverse the mismanagement, corruption and lack of investment turning their oil industry into a catastrophic environmental disaster.

    Putin by his nature will not cut Russian production. Although the lack of Western replacement parts and new investment will tell in time.

    SA has the power to create this reality. Will do so as long as they believe it serves their interest.

    The one constant here is SA power is not limited by the marginal cost to produce American shale oil. So of course Progressives will continue on with their Grubering to add cost and #$%$ market efficiency. While smithing myths Obama should get credit for low oil prices.

    I do agree oil prices could settle around $80. If lower oil prices stimulate the American economy and American consumer again pull the world along with us.

    The real negative for oil prices long term is that American entrepreneurs drive efficiency. The cost of shale production has only begun to come down. That the now known vastness of the supply will stabilize prices in all but the very short term.

  • norrishappy norrishappy Jan 18, 2015 2:03 PM Flag

    Now it certainly would not be fair to link Jon’s position as the great demy-god of secular or profane comedy; by the power of his great legion of watchers, to the Rephaim. But then the Who is Mad and therefore not responsible for its actions. Well not in the Judeo-Christian ethic.
    But. both the Progressives and the Rephaim reject the interpolation of God between citizens and our government. Like the first official Proclamation of Thanksgiving by our full government, is a myth.

    Well any way, Mad Who likes it here in Sacred Time. Here the dust spec gang can hang out and wait for the Tempest to pass. Then the company can once again join the quest to New York, New York.

    It is interesting that Godzilla seemed to move to New York, New York at the same time as Mr. O? That Saint Patrick left on type of lizard in Ireland. That the O's are famous in New York for growing into 'Irish' Whales?

    BUt Mad Who has to avoid distraction, for now.

  • One of the most sacred traditions of all the peoples of the land, is that of hospitality. One that is alive with Mohammed Gulab. Afghan patriarch committed his full family to protecting Marcus Luttrell, from execution by the Taliban. A father living his understanding of his Prophet’s, example. Submission is to act Justly and with Mercy as the foundation of striving toward the Nobel example.
    Of course such a man and his family are Americans. Like Mr. Varney, it just took time to reveal their proper place. (Honour will not let us forget nor rest in Justice for Dr. Shakil Afridi.)
    But Mad Who digresses. What brought fear was Jon’s public pronouncement of complete mastery of ordinary horology. Horology is of course the mechanical measure of profane time. So it does not cross over into Einstein’s relativity or Sacred time.
    Mad Who believes they are connected but cannot prove how. Mad Who will not engage in definition of truth by the consensus of men who proclaim themselves wise. Like the Progressive priests of academia.
    But it was not just Jon’s pronouncement of power but also his raised fists in stern gesticulation. This was followed by an offer of hospitality and free tickets to the service. But Mad who knows Jon does not always honor the tenants of hospitality.
    So where could Mad Who escape while Jon’s passions cool? Why the one place Progressives and the sons of Og will not, Sacred time! If No One is to pass into sacred time, only the Pseudepigrapha is suitable.
    If No One wishes to study Pseudepigrapha, then the only logical place to begin is the Talmud. There in the learned study and contemplation of the Book of Enoch, we discover Rabbis, unbound by time, debating the wisdom. This is of course practice of Liberty, in Mad Who’s opinion.

  • Reply to

    Do we ride this to the bottom?

    by ecamp97 Jan 16, 2015 5:27 PM
    norrishappy norrishappy Jan 17, 2015 9:05 PM Flag

    gdp steps in it again.

    The market will change instantly when OPEC stops systematically over supplying it. Shales wells near completion will be put into production. So American oil volume probably will continue to grow until the middle part of the year. Then the high decline rates are going to start kicking in.

    Retail sales were actually solid. Americans are getting more positive. Nothing like a new found $1,100 in the family disposable income that Progressive claimed was all made up with their illusionary efficiency.

    If that does translate into consumer goods the Chinese economy will look very different in six months. So will oil demand. The Chinese made major investments in naphtha based processing capacity. They have to use oil.

    Nor is there anything 'very' similar. Prior market slumps were member cheating on their quotes. Free flowing oil from conventional pools. Folks had to close valves not drill new wells.

    It is a brand new world. Time to get with it.

  • Reply to

    WSJ Really does blow it with Journalism

    by norrishappy Jan 17, 2015 9:58 AM
    norrishappy norrishappy Jan 17, 2015 8:51 PM Flag

    Measuring the air column which is subject to less sample tainting and Grubering yields no increase.

    Also, you omitted even the flashing headline of warmest years rests on statistically insignificant results.

    The earth has been much warmer than today. In fact the favourable conditions gave impetus to the Roman Empire. During the Renaissance Temperature Optimum Perhaps c3 higher than today, food production boomed and the French were extremely worried about the quality of British Claret reds. Some even say this is why Mr. Varney crossed the channel for a business opportunity.

    The greater grass production across the Eurasian Step provide grass and gracing animal protein to the Mongolian hordes. To this say I study how on earth a bunch of ragged nomads could over come the world's most technologically advanced; inclusive of military technology, so quickly. The only sure answer is there was a great deal more shaggy nomads due to more favourable climate.

    What is very clear is no records are being set. One would expect scientists to fully inform Americans rather than engage is this clear hyperbow. Also the rate of change is actually more of a pause than an increase.

    In the mean time just what moral example are Progressive actually setting for the Chinese Collective Elite?

    Believe me, their pollution problems are so vast and dangerous real that they don't even talk about co2. Except for political and economic advantage over American and the other democracies.

    To top it off all the wind mills and solar panels are immaterial. The natural gas is material in reducing co2.

    Like I said, bothering to offer an informed opinion rather than snarking on the quality of paid priests and the true gods is rational.

  • norrishappy norrishappy Jan 17, 2015 1:10 PM Flag

    Saudi have not weaponized oil They are simply doing what is illegal in America. Rigging markets.

    Fact is given the rapid efficiency gains, attending reduction in cost and risk in greatly reduced cycle times, the real economic barrier is up-to-date infrastructure. This and science rather than emotion based primitive religion regulations. Driven by emotion and will rather than reason.

    The proper response to Saudi manipulation is to eliminate purposeful expensive but otherwise pointless regulations. Unless retarding oil production with the national and economic security benefits is the dissembling agenda.

    If Obama wants infrastructure investment which has an economic multiplier in economic efficiency and pollution reduction, then there is nothing better than oil and natural gas pipe line. If he really wants to reduce co2, facilitating the use of natural gas is the only successful way.

    Over a slightly longer term SA is digging themselves a hole. The more pressure they put on American entrepreneurs, the more rapid their gains in efficiency will be. The competition for the rig contracts will be driven by cost efficiency gains. This is a new era where material science is matching the cheap commuting and sensor power.

    Exactly why ICE made a quantum leap in efficiency. Far beyond what has been achieved with Hybrids.

    POlicy based on Progressive myths to block real options is dishonesty, not policy. Grubering has to stop.

  • Reply to

    WSJ Really does blow it with Journalism

    by norrishappy Jan 17, 2015 9:58 AM
    norrishappy norrishappy Jan 17, 2015 10:22 AM Flag

    Sadly based on his record of administration, no American bureaucracy can be trusted to be lawful let alone science based objective. If you are talking your book rather than persuading it is not honest. Respect for human liberty requires honest persuation.

    Running around wrecking Americans long term sustainable economic growth rate for alternative energy? Faddish alternative energy as even the Progressive admit it makes no difference to their models.

    What did make a huge difference was the American natural gas freely adopted by our rational economy. What Obama and Progressives continue to step all over with the thinnest veiled Grubering.

    Here is where the good Pope goes wrong. True the Judeo-Christian ethic requires good stewardship of the earth. Which includes the necessity to act with aware purpose or wisdom. Encouraging the socialists to run the Spanish economy into the ground and destroy the economic futures of generations is not wisdom. Supporting the German environmentalist collectivists which have unbalanced the electricity grid and deeply damaged their high value added manufacturing is not wisdom. It must be noted in both cases. the improvident religious zeal resulted in no decline in co2.

    That Obama willfully demands American continue down the exact same path with no adjustment for experience certainly is not the Judeo-Christian ethic of good stewardship. Pretending Obama is not ignoring American natural gas so as to avoid addressing all the options American now has is not good stewardship.

    I can not help but believe this good Pope of honest humility has gone astray. His core mission is to call humanity to Jesus and the aid of the Helper. In this condition we have a duty to objective honesty within a framework of human imperfection generating humility.

    Really the critical piece missing and causing all the GW efforts to not only fail but generate negative outcome?
    Lack of objective or honest reasoning in the science or policy.

  • 2014 Ranks as Earth’s Warmest Year on Record
    Nine of the 10 Warmest Years on Record Occurred in the 21st Century, Climate Scientists at NASA and NOAA Say

    But satellite temperature data shows that 2014 was not even close to be the warmest on record. In fact, 2014 was only the 6th warmest year on record, according to the Remote Sensing System (RSS) satellite data set that measures the lowest few miles of the Earth’s atmosphere.



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    Satellite Data Says 2014 Actually Wasn’t The Warmest On Record
    Daily Caller

    Satellite Data Says 2014 Actually Wasn’t The Warmest On Record

    10:58 AM 01/12/2015
    1199
    MICHAEL BASTASCH
    Contributor
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    Climate scientists and environmentalists sounded the alarm this year after Japanese climatologists reported 2014 was the warmest year on record based on global surface temperature readings.

    But satellite temperature data shows that 2014 was not even close to be the warmest on record. In fact, 2014 was only the 6th warmest year on record, according to the Remote Sensing System (RSS) satellite data set that measures the lowest few miles of the Earth’s atmosphere.

    RSS and UAH data show 2014 was not even close to being the warmest on record. (Graph courtesy of Steven Goddard)
    RSS and UAH data show 2014 was not even close to being the warmest on record. (Graph courtesy of Steven Goddard)

    Climate scientists John Christy and Roy Spencer with the University of Alabama, Huntsville (UAH) said, ”2014 was third-warmest, but barely.” UAH is home to the other major satellite climate dataset.

    Christy said, “2014 was warm, but not special. The 0.01 degree Celsius difference between 2014 and 2005, or the 0.02 difference with 2013 are not statistically different from zero. That might not be a very satisfying conclusion, but it is at least accurate.”

    Christy noted that from 2002 to 2014, temperatures have warmed at a rate of 0.05 degrees Celsius per decade which he calls “statistically insignificant.” Since 2002, global temperatures have averaged about 0.18 degrees Celsius warmer than the 30-year baseline average, according to Christy.

    RSS and UAH satellite data show there has been no global warming for 18 years and three months — a so-called pause in global warming that has lasted since the late 1990s and continued through 2014.

    “The Great Pause is a growing embarrassment to those who had told us with ‘substantial confidence’ that the science was settled and the debate over,”

  • Reply to

    CRAMER SAYS OIL HAS BOTTOMED AND LINN NOW A BUY !

    by buyguns2day Jan 17, 2015 12:38 AM
    norrishappy norrishappy Jan 17, 2015 9:04 AM Flag

    YOu know gdp you keep stepping in it.

    There is nothing fundamental or market driven in what Sunni OPEC is doing. As rational free market actors and low cost producers, they would desire to sell at the cost of the last incremental unit of supply necessary to meet demand.

    To flood the market and artificially reduce the market price signal costs them profits. SA could make a reasonable argument at $80, $70 or even $60 that these were market balance point prices.

    No one has perfect knowledge. But markets are generally and usually rational which is why the oil futures are in contango and the December 2017 strip settled at $63.49.

    So while the OLB deludes will take SAs side, our market is very clear in its judgement of what is going on.

  • norrishappy norrishappy Jan 17, 2015 7:58 AM Flag

    The san part of your condition is how morally and spiritual disabled you are. In fact, every member of the Occupy Line Board shares the handicap this condition imposes on your character and therefore the ability to learn and grow toward every ones human potential.

    In all these years no OLB trooper has improved their understanding. One absurdity is simply substituted for another. Even the racist supremacist persona of Calibain did not improve. It played the aping game which is very different from understanding.

    The American economic table has never been so finely set for explosive economic growth. An ocean of clean natural gas, Vast amounts of coal as economically viable clean technology and co2 recycling opportunities abound. A revolution in the productivity of food production based on digital sensors and superior seed technology. Record low labour participation dreaming of gainful employment rather than part time survive.
    Fuel cell cars which not only break oils monopoly on surface fuel but do so with 30% gains in efficiency and cleanness. LED lights which really are simply superior with a 70% reduction in consumption.
    The really great element in this new level of efficiency is that it expands American living standards from the bottom up. Much more can be created with much less consumed.

    The real sad part in all this is Obama in his detached and manchild willfulness cannot embrace any of it. Even as the gestalt of all this Providence could have put him up on Mount Rushmore. Instead we have self glory seeking Kerry dragging a ghost of pop music long past to sing for the French.

    NOw in case you admitted I and the whole dust spec gang admitted Jon was correct and 'we' were wrong about Cramer. A big portion of Cramer's fall comes from his ultra collectivist politics. As politics is not my religion it was something I ignored. BUt in the end it causes abused flip flopping simply because his investment thesis is divorced from character and therefore reason.

  • norrishappy norrishappy Jan 17, 2015 7:22 AM Flag

    Now Willie as usual you display a raging anger driven by any event which pricks the dangerous over inflated balloon. Which is exactly what has set off your long term temper tantrum.

    Now for your own education lets run through a few key points.

    American entrepreneurs taking what they learned from Great American Mr. Mitchel revolutionize fracturing and change the geopolitical structure of the world.
    Obama responded with bald faced lies of mentioning natural gas only to get elected. Then doing all he can to lawless step on the American revolution. From abuse of power stepping on the export permitting process, to wild abuse blocking xl to taking no corrective action with an EPA caught red handed falsifying well pollution data
    OIl prices were lowered by free market and private property drill baby drill. At this point SA has only the mechanism of price to maintain their power. YOu are correct Obama tried everything he could to stop the American energy renaissance. Now he sides with foreign kingdoms against American economic and geopolitical interests as this Providence clashes with the primitive collectivist environmentalist religion. The irrational and willful religion he encourages to extend his personal power.

    What Sa can do nothing about is American natural gas in vast supply. It is expensive to move by any infrastructure except pipe. Therefore even export will not eliminate America's sustain economic advantage. It is the cleanest of all source so a slight uptick in use has lowered American co2 emissions. We are alone in the world in accomplishing this.

    It really is not possible to explain why Obama and the American Progressives have become completely irrational to the point of separation from reality. So they have resorted to emotionally manipulating our youth to further damage the economy and culture of their neighborhoods.
    I am afraid your willful ignorance can not be corrected by a nasty bust of shallow snarkiness. None of it is hep, cool or sophisticated

  • norrishappy norrishappy Jan 16, 2015 7:59 PM Flag

    Hydrogen fuel cell car. Toyota has it and it is exceeding all expectations for performance and consumer demand.

    Of course the solution to cost efficient hydrogen is the massive surfeit of American produced natural gas.
    30%+ gain in efficiency, 30% reduction in co2 and 100% of everything else and competition for oil as surface fuel.

    If Obama has not chosen to lawlessly abuse Toyota, an accelerated roll out would be achievable.

    Bet he could he get the republicans to go along with some sort of credits for investment in hydrogen delivery systems. This is not complex stuff. There are reformation stations in warehouses all over America.

    My goodness you are now double silly.

  • norrishappy norrishappy Jan 16, 2015 7:53 PM Flag

    If Obama wanted jobs and lower prices he would not be imposing nonsense regulations and blocking pipe lines. To no real world purpose other than to increase cost and therefore prices.

  • norrishappy norrishappy Jan 16, 2015 7:50 PM Flag

    Now now. What do you think Obama can or could do about it?

    If he were a leader he could explain what is going on to the American people. That the productive response is to support accelerated construction of most efficient and safest energy delivery infrastructure.

    Express natural gas export and processing investment. That would provide a place for displaced American oil folks to continue good paying critical work.

    Given what is happening with Islam based establishment of a terrorist state, at a level of hate and violence AlQ can not tease from their Quran, energy independence is a national priority. An additional marginal supply for our weak democracies is also a geopolitical necessity. Most especially when we rationally toss Putin back into the mix.

    Based load wind and solar are high variable. The amount which can be added to a grin without imposing instability and inefficient redundancy is small. There is also the problem of energy loss in transmission over long distances.

    It is no conspiracy theory. SA is hammering American industry for their national interest. Obama is responding by blocking pipe lines and adding nonsense regulation. While still stepping on natural gas export.

    The very best rational response Obama could chose would be to express the hydrogen fuel cell cars. Which actually run on reformed American produced natural gas. Eliminate oil as the only game in town for surface fuel. Obama claims to want infrastructure investment and all which is really necessary for private industry to make the distribution investment is a commitment rather than dollars from this administration.

    You are being a very silly person. What American needs is a President with common sense vision rather than collectivist utopia doesn't work 'alternative energy' for which he is willing to unleash angry emotionalism in the least aware Americans to achieve.

  • Reply to

    Missing oil production

    by gpd8252 Jan 16, 2015 9:29 AM
    norrishappy norrishappy Jan 16, 2015 1:39 PM Flag

    NO there was great hope and disappointment with the Texas Hogshooter interval.

    The hope was for rich liquids.

  • Reply to

    How does this stock recover

    by madcoweater1 Jan 16, 2015 10:37 AM
    norrishappy norrishappy Jan 16, 2015 1:25 PM Flag

    Oil is very unlikely to be sustained above $80 for any sustained foreseeable future.

    The variable supply is American shale. At $100 there literally is no end to what our industry can produce. Even carrying around all the inefficiency road blocks Obama throws up.

    SA did not need to go below $60 tp damage Iran and punish Russia for supporting them. They did not need to go below $60 to curtail American shale production. They need to do this to really disrupt American energy production.

    The only reason to 'invest' current cash flow in a industry disruption is higher prices than a more controlled approach would generate. The leaders of SA are not willful emotional Grubering Progressives. We may not agree but they act with reasoned purpose.

    So prices will be higher in a few years. BUt SA can not afford again to over price their oil relative to the cost plus profit of American shale oil. Probably around $80 given the terrible infrastructure and therefore cost to reach the Texas refined product nexus.

    The real bright spot here is possible increase in American natural gas prices. It was being dumped on the market as associate production. A supply which was increased by regulators doing their duty and cracking down on flaring in Texas and Dakota.

    So perhaps we will have the confluence of a reduction in supply just as ng and ngl export really pick up. Not to mention some material ethane processing to solid capacity coming on line just after Obama retires. HUm, why would that be?

  • norrishappy norrishappy Jan 16, 2015 1:07 PM Flag

    Daily exposure to the completely shameless human blood soaked Stag the corn monster is definitely not healthy.

    .As always, the Monkey talker 'has changed the subject again'...we were talking about 'gasoline and ethanol' and not crude oil (or diesel)

    Hard to imagine the shameless monster would claim oil, gasoline and ethanol as well as record and massive diesel and refined condensate exports are not related. Pure insanity.

    The simple fact is corn ethanol is a defective product with no benefits. We were even promised it would be replaced by now with 'advanced' ethanol

    Right now Texas refiners are paying $0.85 per insane Progressive RIN ethanol credit so as to avoid using the stuff at all.

    At the same time Texans are benefitting from the lowest gasoline prices in the nation!

    So our economy at the physics limited 10% blend wall will pay a wholesale $0.085 not to use Stag's defective product.! ;). So being sell it cost more than $0.85 per gallon.

    "noting that sales of the biofuel to places like the United Arab Emirates have been the driving force behind recent strength in ethanol prices. “If the market incentive is removed, that process is reversed.”"

    Now what possible interest in American corn ethanol could the United Arab Emirates have? Why would a sovereign floating on oil what to encourage American ethanol production?

    Just take off the illegal mandates. Then Stag monster can try and hawk his product to rational consumers equipped with choice.

    Wel to note to that the Corn Monsters last hot pick was a double leverage high cost BDC retail investment product. Hey Monster, how much is that down? 40%+ but that is still better than SDRL?

    I will deal with the shameless lying about my thinking on line another day.

    The OLB logans are running! If they start spawning again, I am out of here!

  • Reply to

    LINN Sensitivity Analysis

    by x316l Jan 16, 2015 11:27 AM
    norrishappy norrishappy Jan 16, 2015 11:44 AM Flag

    I agree with you analysis. Just wish I could be so sure.

    I do think with the oil hedging they can work through and internally fund operations over the next two year. I am with the futures market and do not believe oil will be below $6o within that time.

  • The real disgrace of Stag the Corn monster was it's response to proof connecting the food riots across the Middle East to the insane corn ethanol mandates. Plus Obama's hard hearted unwillingness to follow the law Bush left him and cut the mandates if there were disruptions in either food or energy costs.

    "What you want us to drop corn bombs on them"?

    Now some Progressive academic high priest made a really insulting attempt to link the food shortages and riots to their Global Warming religion. By claiming a localized drought was responsible. Which is silly as the Middle East has long been a net food importer.

    The Nile did not run dry. Yet food riots led to revolution in Egypt. Majority will votes without the rule of law is not democracy. So unfortunately Egypt is right back where it started. Except for the decimated economy and all the burt churches and Christians.

    Why exactly is Obama more reviled across the Middle East than George Bush. What did all that self blaming and kowtowing before kinds achieve?

    Why might have Obama inexplainably supported the Muslim Brotherhood as a force of democracy?

    Well if you place Islam as a primitive force of liberation rather than liberty, then a cogent line of reason can be built. Obama is a master manipulator but that does not mean he is a rational man. Remember Progressive social justice is not a force of rationality. It is a primitive religion pretending to be politics.

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