I just noticed that the two primary times when oil made major declines, coincidentally or not appears when there is a big push on Iran, Am I imagining this or not ?
I'm not normally one to hold a lot of aluminum hat conspiracies .... but is their anything to this coincidence ?
it isn't a question of a negative ER, its a matter of what is expected. if LVS seriously disappoints, there will be blood letting
dumped everything, worst case scenario near the lows and close out a huge load of short put options. I did despite that I know that when the current oil swoon is done kinder will bounce back, and over the long haul will probably outperform most others.
Unfortunately, this was hurting my portfolio too much and the kinder options don't work well enough to protect the position. Hard to roll and hard to recover $$ from puts.
Fortunately I have other positions that are doing much better. gild, tsla, lvs, targa, etp. and am looking at. wpz, scty. sbux, etc.
congrats shorts, but keep in mind if I had more staying power, I'd still be in kinder, and kmi is probably near the bottom.
#$%$ are you squaking about ? go look up the stats for how much oil was really imported outside of the tax free zone.
How much petroleum does the United States import and from where?
The United States imported approximately 9 million barrels per day (MMbbl/d) of petroleum in 2014 from about 80 countries. Petroleum includes crude oil, natural gas plant liquids, liquefied refinery gases, refined petroleum products such as gasoline and diesel fuel, and biofuels, including ethanol and biodiesel. In 2014, about 80% of gross petroleum imports were crude oil, and about 44% of the crude oil that was processed in U.S. refineries was imported.
The United States exported about 4 MMbbl/d of crude oil and petroleum products in 2014, resulting in net imports (imports minus exports) of about 5 MMbbl/d in 2014. Net imports accounted for 27% of the petroleum consumed in the United States, the lowest annual average since 1985.
The top five source countries of U.S. petroleum imports in 2014 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq. The country rankings vary based on gross petroleum imports or net petroleum imports (gross imports minus exports).
so I get multiple thumbs down but can somebody tell me that I am actually wrong and that the far north east is till the primary holdout for importing oil and nat gas and buring oil for heat ?
All that despite the simple fact that there is a plethora of natural gas sitting in Marcellus being sold at bargain prices ?
then we will be like the Europeans and you can see what a little place like Greece can do to the euro, because they refuse to act like a full union.
I do not get your point. shouldn't we stop importing oil ? or at least not be a net importer which we still are ?
Saudi Arabia is pumping record levels for cash flow and to secure Asian markets, all because we cut imports of Nigerian oil....
so whats your point ?
solar and wind globally are NOT significantly effecting price of oil. Price of oil is being pushed via various entities producing more oil than is immediately needed. Global oil demand\usage is STILL increasing.
first you complain about growth,
next you complain about volume
both are outright lies,
does that make you a short that just got your cajones squeezed hard by your mistress?