Shell oil just got ok to base their AK drilling/exploration rig gear in Seattle. That means three years of investment to find off shore oil in Chukchi sea and off ANWAR. The easy to cycle flows are being pulled back to mitigate in the short term, but long view is that oil goes back once Obama and his idiots are gone. The easy pickings are over, and the recent short term situation is not going to do much good for anybodies economy. Keystone will not die, the Saudis will once more be making good cash on their reserves, and Putin will have to hold his nose for a while until Europe is suckling at his teat. Small driverless cars will take over the roads, and the cost of food will rise. Mercedes will continue to make cars, and people will keep filling tanks
clay 2002 s430 - Victor, a Stately & well tailored chap 1974 450sl - Frosch - Two tone green 1972 220D - Gump - She was green, simple and ran 1995 E300D - Gave her life to save me against a Dame in a SUV POS 1987 SDL - Beware Nigerian Scammers On Feb 12, 2015, at 10:28 AM, Andrew Strasfogel via Mercedes wrote: > The best oil traders in the business say this rout is not over > > Financial Post Wednesday 11th February, 2015 > > The slump in oil prices may not be over, according to Goldman Sachs Group > Inc. > > The decline in the number of U.S. drilling rigs that's helped crude futures > in New York rebound 14% from this year's low isn't enough to reduce an > oversupply, the U.S. bank said in a note dated Feb. 10. Lower prices are > needed for American output to slow sufficiently to rebalance global > markets, it said. > > Goldman joins Citigroup Inc. and Vitol Group, the world's biggest > independent oil trader, in signaling prices may resume a decline amid > unrelenting production growth. West Texas Intermediate crude is still down > by half from last year's peak as the U.S. pumps the most in three decades. > While companies have idled rigs and cut spending, it will be some time > before production is affected, according to the International Energy Agency. > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > All posts are the result of individual contributors and as such, those > individuals are responsible for the content of the post. The list owner has > no control over the content of the messages of each contributor. _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
