Prancing Progressive Bear,
Let me type slowly. Yes as the lost cost producer with excess capacity, SA can lower the prices of oil.
However, their ability to lift prices is limited to the price American and Canadian oil is again in active production. Further, the American technology cycle is going so fast, the cost continues to come down.
Now as a 'Teamster' how call by rationalize blocking any capital investment in our economy?
Like XL and so many other projects not being begun or completed?
You maybe a member of a union. BUt you are a complete disgrace to every rank and file member of that union.
As usual Progressive Prancing Bear,
SA does have great power over oil prices. But they are powerless against the vast supply deliver by American entrepreneurs. Yes in the short term they could move oil to just about any price. As would ISIS overthrowing the Royal Families.
But in the not so short term all that Canadian and American oil would once again be flowing out of the ground into our economy. Sadly Progressive block logical and responsible pipe lines which mitigate this risk.
That Progressive dogma over logic really is a total eclipse.
Interesting thing about Jon Stewart. Is there any amount of catching the Progressive red handed falsifying data and hot rod the rest would make him stop and think for himself? Sadly probably not in his Daily Show condition.
Hopefully he will evolve to a more logical and informed form.
Yes gnp, Progressive loaded down the healthcare system with hidden taxes. As cst went up fewer and fewer companies could extended healthcare as part of compensation.
Also make no mistake, healthcare benefits just like SS taxes are simply a deduction from direct pay. Like it our not study after study shows labor markets are efficient.
The problem is a Progressive broken health system. Load down with all sorts of dishonest pandering. So rather than costs going down as efficiency and efficacy skyrocket, we have ever greater costs.
Obama said his progream would lower costs $2,500 per family. Knew he was a lying.
System needs reform. It needs to be simplified by getting the Progressive corruption out. Then it would be possible to measure and therefore understand.
But as always, it is necessary to give the Grubering Progressive a long time out. So people of integrity who can wield goodwill can get to work solving the issues.
Yea, all Americans should have access to regular healthcare. But to get there you Progressives have to admit Obamacare made it all worse and solved no problem. Working American lost their health insurance which provided access to healthcare. The politically 'favored' got cruel joke of insurance with healthcare they still can not afford to access.
The problem is not the rationality of free markets. the real problem is Grubering Progressives.
They must have a long time out. THis sadly does not end with Obama. Pelosi and Reid in their demented power will continue on. If only they would retire like Boxer.
Yea with Fox is is all the elite and advanced degrees the ladies have. Plus their legs are almost always a marvel to look at.
At some point all the traditional Americans are customers. So you have to do something to pull in the misguided democrats.
You know collectivist Prancing Bear of European Trade Unionism.
When my family was in the Union it was because it was not nihilist European based collectivism. But rather a balance of power within a free market system.
YOu know that American thing or maybe you really do not.
I have to say Prancing Collectivist, the union grew no shrank when my family were proud union members. Time do change and not always for the better. It is whether we American are called to our better natures or are led into the wallow.
access to healthcare from those who had real medical insurance.
It is not a facet of actually desiring to solve a significant social challenge. It is rather the glory of being the first to impose it. Good by simple minded Mr. Williams just assume it will all work out like Medicare. Which is about to fail.
Clearly what we have in Obama is a self Glory seeking would be depot. A Napoleon who could not but mock his own soldiers before a great battle for serving his personal glory. Obama's political tactics are so churlish as to insult every reasoning intelligence. Yet, with modern population sampling and digital age small demo targeting, it is sadly extremely effective. Thankfully this is only effective due to the large failed press.
I mean the self creation of Jon Stewart is so self deluded that MSNBC is sophisticated. As Sharpie butchers basic English. But more importantly ever tenant of logic.
Now PhD Levin understands all these dimensions and springs. What is missing is the moral clarity of Lincoln in the Second Inaugural and the Gettysburg address. There are collectivist reasons why such core expressions of the American Philosophy and therefore our system of government are exclude from collectivist public education.
Progressive have badly damaged all the institutions of America. But this is not the Civil War and the Just price we paid to end the evil birth defect of slavery. Granted I believe Lincoln was Guided and also selfless. Ready to be released from his great and terrible tasks.
But Lincoln was also a skilled political operator. Yet, there remained lines he would not cross like directed bribery for votes.
What the Tea Party must stop doing is marching off to a hopeless battle as it is the honorable thing to do.
Better to be honest with yourself like Lincoln and your supporters. Look it is really screwed up but we can not win this one today. So we will move forward on a different front while working to improve the conditions on this one.
For democratic republics (and to a somewhat lesser extent for aristocratic republics), this spring is the love of virtue—the willingness to put the interests of the community ahead of private interests.
For monarchies, the spring is the love of honor—the desire to attain greater rank and privilege.
Finally, for despotisms, the spring is the fear of the ruler.
It really does fall to a scholar like PhD Levin to craft a more sophisticated political strategy for the Tea Party.
Progressive collectivist material nihilists are not all the same. These things come in different types just like the snarks they evolved into.
Does Obama believe in America's love of virtue? Otherwise known to the Reformed faithful as Just. No, like the self created Jon Stewart, our traditional True Religion of Washington as developed in our First government announced Thanksgiving is a nasty facet of constant human nature. Therefore all encouragement or defense of concepts of Virtue or true Justices is an antiquated delusion of personal superiority.
So the Jon Stewart symptom is not just dismissive. Rather it becomes a hostile snarking in which any human imperfection is proof of a primitive notion of hypertrophy.
Does Obama has any concern for concepts of honor? The answer is clearly no. This is different from the self creation of Jon Stewart. Jon does seek the Good in lowest common denominator material nihilism. BUt he will take responsibility for the many errors caused by failed Poison Ivy education on his show. Something Obama has never done nor will ever do.
Obama runs of the hubris of personal Glory. Nor is there anything in Heaven or earth which is greater to Obama than his personal glory. I imposed an entitlement to healthcare even though it achieves nothing of the sort. An equal number of American get health insurance as will lose it over time. Worse still, Obamacare is such an irrational political Frankenstein of special interest it solves nothing while actually stripping
Jon is a perfect addition.
He can be the leader of the world wide collectivist against the less organized as they are a group of individual traditionalist.
A ripped JOn would be something different or at least something not witnessed this century!
No OPie of the defective and therefore illegal by the RFS Law itself.
I added FTR just for you. You of all the OLB troopers did the most clown car laps. Great noise as well.
Such is as the OLB has decided to be. Dishonoruable so as to be uncivilized.
Oh no looks like a full tantrum! Even I do not remember Willie Lunar modulator being Mexican.
OK troopers what do you have today?
More very expensive BDC double vol retail product ETFs? At exactly the wrong instance?
More Sea Drill?
More oil tanker stocks?
More fert petcoke companies when natural gas is crashed? Not understanding what petcoke was?
After all these years the list is indeed more than can be put in a post.
Question really is has the OLB ever recommend something which did not crash and burn. Actually, I can not remember even one which worked out. Actually did not crash and burn.
Can any OLB trooper name a winner?
MSFT, CSX, NSC, FTR, ABT, ARCC, DD, HD, WMT, TGT,...Oh yea PGH which I sold to cut oil exposure.
Oh year CVX when it was $80. .
Yep I gave up on my MCD at $90. BUt I am still not on board for a forward PE of 20 and a string of negative comps across the world.
Just one Troopers. Did anything ever work out.
As for Lisxa it claimed many irrational things. Like MLPs always were and always would be winners. Not so much. Peak Oil. IDRs are always earned and don't matter.
Hey was it El Paso I bought just before Mr. Morgan fixed the IDR problem? Then there was also heavy on the KMR. Which did not have the tax recapture issues.
Ah the poor will always be with us.
"Misery will be most acute this year in Venezuela, Argentina, South Africa, Ukraine and Greece – the five most painful economies in which to live and work, according to Bloomberg's 'misery index' for 2015.
Rising unemployment coupled with high inflation will hit these countries hardest, the financial services firm said.
Venezuela, which tops the list, recently entered a recession, and its economy is expected to shrink by 7pc this year, according to data from the International Monetary Fund.
The country has the highest annual rate of inflation in the Americas at 63.6pc. The collapse in world oil prices has left the country short of dollars needed to import many basic goods."
Hum winning elections without the rule of law is not Democratic. It is Progressive and it simply does not work.
The shameless do associate to together as the lowest common denominators.
Among Lisxa greatest hit was defending Peak Oil on and American viable energy board.
Using Progressive math to claim IDRs make no difference to return performance.
Must have also made some willfully ignorant claims about corn ethanol corruption.
Otherwise the always lie Stag the Corn Monster would not rise from it's blood soaked field and roam the earth looking for more.
Yea Progressive Prancing Bear.
Include poor inner city Americans who are caught in trap they did not construct and do not understand. Keep them emotional rather than purposeful. It has been over 50 years, two lost inner city generations. Things are far worse than they were in 1964 for these Americans. They are good people. Their children should not be Barry political cannon fodder.
You really are one terrible joke.
We need to focus on school choice first. Allow families to be empowered. Let natural leaders look out after their children.
Next more difficult is to get the community economics back on its feet. This requires rule of law.
The amount of damage Barry and Holder did to every inner city community is so terrible it really is not measurable.
But it can be overcome if the church does works. Also, let the traditional individualist be heard.
50 years culminating in the abject failure of the collectivist talented 10th is done. Let us beging thinking of ways how we can empower each other as Americans. We can assist Americans and empower. But a person must do for themselves. Like Washington's recommendation of the aspects of America's true religion. ;)
WTI’s differential to Brent is now close to ~$8. One of the major reasons for this is that, international supply disruptions (Libya) have had more profound effect on Brent prices, while WTI continue to be pressured by booming production that can’t be exported.
In the next part of this series, we’ll discuss the EIA’s forecasts for oil prices in 2015.
True EPD is minting money exporting super light oil as refined product.
Also SA is discounting their oil to America to disrupt our industry. Which is another wrinkle on more American oil than can be refined and export due to capacity limitations. The Obama Progressive economy. Inadequate capital investment even when project ROIs exceed 20%.
Not just Sea open access to Gulf refining nexus.
What the board clown was not aware of was additional inbound pipes like Pony Express.
It likely to be worse in the short term as we switch to mandated summer blends and the rolling strikes.
Crude stocks at Cushing have been rising continuously since October 2014 when stocks were close to ~19 million barrels (or MMbbls). They increased by ~3.7 MMbbls to ~46.3 MMbbls in the week ending February 13. These levels are just 5.6 MMbbls short of the record high inventory levels of ~52 MMbbls in January 2013.
Inventories have taken a reverse trend in 2015 compared to 2014. In 2014, inventories declined as the year progressed (see graph above) and then inched upward toward the latter part of the year. They touched their lowest level in about six years in 2014.
Why Cushing inventories declined considerably in 2014
When new infrastructure came on line, inventories at Cushing had been in a declining trend for the better part of 2014. This enabled more crude to move out of Cushing.
The new infrastructure included TransCanada’s (TRP) Keystone XL Pipeline, Enterprise Product Partners (EPD) and Enbridge’s (ENB) joint venture Seaway Pipeline, and Magellan Midstream Partners’ (MMP) Longhorn Pipeline. It also included Cushing’s Marketlink Pipeline.
As a result of these pipelines, refiner demand from the Gulf Coast sucked crude supplies from Cushing down to as low as ~17.9 MMbbls at the end of July 2014. Currently, stocks rebounded to 46.3 million barrels per day (or MMbbls/d).
Also, the new Seaway Twin Pipeline started functioning. On December 21, it delivered crude to Jones Creek in Texas. The pipeline more than doubles the original pipeline’s capacity from Cushing to the Gulf Coast.
We will tell you what we did to you after it is law.
Why isn't our economy growing? Progressive abuse of power and with lawlessness the uncertainty blocks investment.
Of course the resulting lack of competition is exactly why Progressive not only create but sustain income inequality.
'Regulating' the net based on 1930's law? Just appoint Jon Stewart to run it.
Prancing Bear completely ignorant. As if number of administrative adjustments has some relationship to magnitude.
Like comparing a stick of fire crackers to using a nuclear bomb.
Willfully foolish and terrible ignorant.
10s of millions of illegal people and cost to citizens of well over $1+ trillion dollars. We do not have.
Being done not for any care and compassion for poor people or families. A naked collectivist play for personal power and these power people are the cannon fodder of the personal ambition.
find one example in all that you listed which is comparable. Just one.
rrb is not only a racist but also willfully ignorant.
Seaway and other pipes are running. The question is one of WTI pricing relative to other world grades.
But this type of ignorance is what happens with posing.