Saudis talk possible oil shock again...

[Raz]

Re: Saudis talk possible oil shock again...

Here are two of the legion of tree-huggers in the U.S. who don't want Alberta to deliver light sweet up-graded oil to the U.S. market, and they have been protesting the development of Alberta's tar sands:

The Natural Resource Defence Council, Washington, DC. To contact one of the protesters: contact Liz Barret-Brown.

Ceres, Company, Boston, Mass. To contact one of the protesters: contact Andrew Logan.

Here is U.S. legislation passed by the Congress which has been used to try to prevent the entry of Alberta's light sweet up-graded oil which originates from the tar sands: The U.S. Energy Independence Act. This act prohibits importation of supposedly high carbon foot-print energy.

To say this is a conspiracy to cheat the American people out of affordable oil is an under-statement.

The tree-huggers have opposed drilling for oil off Los Angeles where a huge deposit of light sweet oil is ready for-the-taking. The tree-huggers have opposed nuclear power. The tree-huggers oppose Alberta's pipeline construction to Kitimat, BC. They also oppose the pipeline from Edmonton to the U.S. They also oppose oil tankers taking oil from Kitimat, BC.

So enjoy your $200 per barrel oil. That is next.

Don't you dare blame Exxon or the Saudis. Blame the eco-frauds in the environmental movement, and they have connections in the U.S. Congress including Nancy Pelosi.

I am a liberal, a social-democrat, and a socialist, but I despise this bunch in Washington now. They were elected to pass socialized medicine, and NOT to go off on a radical environmentalist agenda.

The Obama bunch is actually worse than the Bush bunch. Compare the first 100 days of the FDR Administration to the first 100 days of the Obama Administration; it's like night and day. The FDR liberals and socialists had a workable plan, whereas the Obama bunch is in solar energy and windmill dreamland.

Steve,

Being Liberal is fine with me. I think it's a mistake, but I respect that.
But a socialist? As in Socialist?
It just doesn't work. It means less wealth created.

Surely you know that.

[Jay]

Re: Saudis talk possible oil shock again...

I don't own USO at present because I believe Crude is nearing at least an intermediate top.
I'm even thinking of hedging my holdings in oil equities very soon.

However, I plan on holding these stocks until someone convinces me that oil is going to remain in a multi-year Bear Market.
I will reduce my holdings should they exceed 33% and hedge them when I believe a significant drop is likely.
In 2008 I sold enough to drop my allocation down to about 20%, but it still hurt like h#*l last Fall !!!:eek:


I'll be glad to share any research I have by private E-mail if you're interested in any of the equities I own.

Join the club, I didn't get back to even until a few months ago. Ouch.

[Starving Steve]

Re: Saudis talk possible oil shock again...

Generally, I don't like the socialists who believe in government control of everything--- just for the sake of government control. But I do believe in government trying to help small business in any way it can such as lowering the cost of land, lowering the cost of rents, lowering taxes, helping with socialized medicine, helping with old age security, helping with security of savings in banks, helping to provide loans to small business, giving inventors grants, govn't helping write-down the cost of business insurance, govn't construction of malls, public transit systems, progressive urban planning, providing a strong currency anchored to gold, providing the rule-of-law, free trade policies, respect for privacy and private property, multi-culturalism and multi-lingualism supported in law, providing for affordable public utilities, tolerance about signage needs of small business, open immigration, help with public education, fast and easy business licenses, five minute building permits, etc...

[aaron]

Re: Saudis talk possible oil shock again...

government construction of malls? Wow, you ARE a socialist.

I just want to be left alone, goddammit. Government has its place, and your list is an ideal. But... government has been unsuccessful in these things for 30 years. How about we find somebody else to take care of us?

[BadJuju]

Re: Saudis talk possible oil shock again...

How about we find somebody else to take care of us?

Come to my bosom.

[Guest]

Re: Saudis talk possible oil shock again...

Raz - for my money, your instincts and your "center of gravity" are squarely on the largest theme of the next two decades. Very sober minded, serious approach. How you handled the approach to the theme, the mitigation of it's excesses during the recent bear market, and the current insights into it's broad future prospects. Exemplary steps all the way in my view. Takes a wide angle lens and captures every relevant actionable conclusion along the way. (tips hat).

[Guest]

Re: Saudis talk possible oil shock again...

Dude -

You should have grown up in a de-facto socialist country like I did. You'd shuck your socialist leanings like an old coat in a hurry. That stuff gets real moth-eaten when you see it up close.

[ Fair disclosure: there are few people walking this earth for whom I feel greater antipathy than Nancy Pelosi. What is it about this lady that gets one's teeth grating? ].

Quote: "The Obama bunch is actually worse than the Bush bunch. Compare the first 100 days of the FDR Administration to the first 100 days of the Obama Administration; it's like night and day. The FDR liberals and socialists had a workable plan, whereas the Obama bunch is in solar energy and windmill dreamland"

Admittedly, if they don't come up with something substantive soon enough, this accusation may not be too far off the mark.

Here are two of the legion of tree-huggers in the U.S. who don't want Alberta to deliver light sweet up-graded oil to the U.S. market, and they have been protesting the development of Alberta's tar sands:

The Natural Resource Defence Council, Washington, DC. To contact one of the protesters: contact Liz Barret-Brown.

Ceres, Company, Boston, Mass. To contact one of the protesters: contact Andrew Logan.

Here is U.S. legislation passed by the Congress which has been used to try to prevent the entry of Alberta's light sweet up-graded oil which originates from the tar sands: The U.S. Energy Independence Act. This act prohibits importation of supposedly high carbon foot-print energy.

To say this is a conspiracy to cheat the American people out of affordable oil is an under-statement.

The tree-huggers have opposed drilling for oil off Los Angeles where a huge deposit of light sweet oil is ready for-the-taking. The tree-huggers have opposed nuclear power. The tree-huggers oppose Alberta's pipeline construction to Kitimat, BC. They also oppose the pipeline from Edmonton to the U.S. They also oppose oil tankers taking oil from Kitimat, BC.

So enjoy your $200 per barrel oil. That is next.

Don't you dare blame Exxon or the Saudis. Blame the eco-frauds in the environmental movement, and they have connections in the U.S. Congress including Nancy Pelosi.

I am a liberal, a social-democrat, and a socialist, but I despise this bunch in Washington now. They were elected to pass socialized medicine, and NOT to go off on a radical environmentalist agenda.

The Obama bunch is actually worse than the Bush bunch. Compare the first 100 days of the FDR Administration to the first 100 days of the Obama Administration; it's like night and day. The FDR liberals and socialists had a workable plan, whereas the Obama bunch is in solar energy and windmill dreamland.