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#1 |
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Fan of the home team
Join Date: Dec 2002
Location: Durango, Colorado
Posts: 12,107
Adopt-a-Bronco: Mark Schlereth |
Anyone investing in oil?
http://etf.about.com/od/etfinvesting...in_Oil_ETF.htm http://www.wikihow.com/Make-Money-As-Oil-Prices-Rise http://seekingalpha.com/article/2578...ty-gold-vs-oil Oil, Gold, and Silver all seem to be the investments of conversation. Silver, in my view, seems to have the steepest upside along with most volatility. As their increased pressure to seperate dollars from oil I have to wonder if oil's long term future might hold. Peak oil may or may not have passed and the days of cheap oil are behind us. There are advantages to going short on oil and long. Anyone tracking this stuff? |
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#2 |
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Day One Fan
Join Date: Jul 2008
Location: West Texas
Posts: 6,213
Adopt-a-Bronco: Decker |
word to the wise asking that from anyone I've seen posting here should be taken with a HUGE grain of salt..
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#3 | |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
Quote:
they ( Howell ) took the salt creek oil patch from a stage 5 to a stage 3 patch with Co2 injections , and if they can do that with that tired field , they can revive any patch |
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#4 |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
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#5 |
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Day One Fan
Join Date: Jul 2008
Location: West Texas
Posts: 6,213
Adopt-a-Bronco: Decker |
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#6 |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
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#7 |
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Ring of Famer
Join Date: Oct 2003
Posts: 9,083
Adopt-a-Bronco: Quinton Carter |
Peak oil is a physical reality even if there is enough oil for 1000 years.
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#8 |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,907
Adopt-a-Bronco: Buy My Book |
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#9 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,843
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I don't think it was dinosaurs. Mostly it was the swamps. The entire Earth was covered with them at one point in time; One, big, giant Okeefenokee. There were dragonflies with three foot wingspans.
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#10 |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
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#11 |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
as long as living matter dies , we have heat and pressure , we have oil .......
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#12 |
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Ring of Famer
Join Date: Oct 2003
Posts: 9,083
Adopt-a-Bronco: Quinton Carter |
We are still discovering new oil, but the peak of discoveries happened in the 1960s. Peak oil is a reality. It doesn't mean we'll run out of energy. There's a difference between "we'll never run out of oil," and "we'll change to renewable energy sources before we run out."
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#13 | |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
Quote:
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#14 | |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,907
Adopt-a-Bronco: Buy My Book |
Quote:
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#15 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,843
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America used to be able to innovate its way out of every problem. Whatever happened to that concept?
Oh yeah. The oil companies would prefer we don't go there. |
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#16 |
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Ring of Famer
Join Date: Oct 2003
Posts: 9,083
Adopt-a-Bronco: Quinton Carter |
Well, so far, the most oil discovered was in 1965, and it's generally gone done every year with some exceptions.
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#17 |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,907
Adopt-a-Bronco: Buy My Book |
Look at the explosion of crop yields due to oil and the cheep transportation of said food created by cheep oil.
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#18 |
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Ring of Famer
Join Date: Oct 2003
Posts: 9,083
Adopt-a-Bronco: Quinton Carter |
Unfortunately, cheap oil is harder to find.
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#19 | |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,907
Adopt-a-Bronco: Buy My Book |
Quote:
Take oil out of the equation and billions will die. Oil allowed the spike in population and will cause the rapid fall in population when it either becomes too expensive or scarse |
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#20 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,843
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That's more to do with genetics and fertilizers. Oil is not used in the production of fertilizer. The macronutrients required by plants are N (Nitrogen), K (Potassium) and P (Phosphorus). Oil is hydrocarbon, made from H (Hydrogen) and C (Carbon). There are no plant nutrients in oil. Nitrogen fertilizer (N) is made from ammonia, which in turn is manufactured from natural gas, not oil. Food could always be transported by electricity.
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#21 | |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,907
Adopt-a-Bronco: Buy My Book |
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Carry on. |
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#22 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,843
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#23 |
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Ring of Famer
Join Date: Oct 2003
Posts: 9,083
Adopt-a-Bronco: Quinton Carter |
All the oil in the world has been created over a very long time on a geological time scale. We've only been depleting it for a hundred years and at an ever-increasing rate. The amount of oil created during that hundred years is like comparing a bucket of water to the oceans. It may be bigger than that, but you get the point. It's insignificant. Scientifically, oil is a nonrenewable resource.
Last edited by Arkie; 02-12-2012 at 10:12 AM.. |
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#24 |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,907
Adopt-a-Bronco: Buy My Book |
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#25 | |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
Quote:
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