(10-13-2014 07:28 PM)Machiavelli Wrote:  Have any of you guys followed oil stocks lately. They are cratering.

Who care about the stock prices. As long as it is needed for fuel, lubrication, plastics and fertilizer, oil will remain the master resource.

(10-10-2014 10:26 AM)Owl 69/70/75 Wrote:  

(10-10-2014 10:24 AM)vandiver49 Wrote:  

(10-10-2014 10:13 AM)Owl 69/70/75 Wrote:  This new Canadian route is a major key to reducing Western Europe's dependence on Putin's Russia as North Sea oil production declines.

Along with new LNG ports in the US, both new accesses should help Europe greatly. And while I would like this option to succeed, I think what might ultimately end up happening is this the oil is transported to the Gulf on rail (take a look at CN's System Map) along with barge transport along the St Lawrence Seaway.

Both of which options are far worse for the environment than the pipeline.

Funny how that always ends up being the result.

(10-14-2014 07:39 AM)vandiver49 Wrote:  

(10-13-2014 07:28 PM)Machiavelli Wrote:  Have any of you guys followed oil stocks lately. They are cratering.

Who care about the stock prices. As long as it is needed for fuel, lubrication, plastics and fertilizer, oil will remain the master resource.

Looks like the oil boom in the US is driving down oil prices. Paradox is that lower oil prices can make facking unprofitable.

(10-14-2014 08:15 AM)VA49er Wrote:  

(10-14-2014 07:39 AM)vandiver49 Wrote:  

(10-13-2014 07:28 PM)Machiavelli Wrote:  Have any of you guys followed oil stocks lately. They are cratering.

Who care about the stock prices. As long as it is needed for fuel, lubrication, plastics and fertilizer, oil will remain the master resource.

Looks like the oil boom in the US is driving down oil prices. Paradox is that lower oil prices can make facking unprofitable.

Global demand is also moderating.

(10-14-2014 08:18 AM)QuestionSocratic Wrote:  

(10-14-2014 08:15 AM)VA49er Wrote:  

(10-14-2014 07:39 AM)vandiver49 Wrote:  

(10-13-2014 07:28 PM)Machiavelli Wrote:  Have any of you guys followed oil stocks lately. They are cratering.

Who care about the stock prices. As long as it is needed for fuel, lubrication, plastics and fertilizer, oil will remain the master resource.

Looks like the oil boom in the US is driving down oil prices. Paradox is that lower oil prices can make facking unprofitable.

Global demand is also moderating.

True, something I heard about a potential triple dip recession in Europe? Oh well, it's always something.

(10-14-2014 07:39 AM)vandiver49 Wrote:  As long as it is needed for fuel, lubrication, plastics and fertilizer, oil will remain the master resource.

There is some truth in that, but I also believe -- at least in America -- the economy is slowly shifting away from reliance on oil. That shift is (to say the least) a long-term process that will take another three or four decades to reach fruition. But I think the trend-lines are pointing in that direction.

Damn Tom Steyer and all he stands for. These environuts have got to be reined in or removed from the planet.

This article does stand in conflict with the following, however.

http://www2.smartbrief.com/servlet/encod...04bf4c943b

Just posted on this forum about five minutes ago. See the top of the page on the spin room.

It's time to call/write your congressional representatives .... AGAIN. Assuming you have written/called them before.

(10-13-2014 03:21 PM)Owl 69/70/75 Wrote:  

(10-13-2014 02:12 PM)vandiver49 Wrote:  

(10-13-2014 10:33 AM)QuestionSocratic Wrote:  Many people have speculated that the crude oil will simply be moved by train. But now comes the Pipeline and Hazardous Materials Safety Administration (Yep it's real) to suggest new restrictions on RR cars transporting oil and gas.
The net result is that using rail will become less cost efficient. What's next: trucks.
The real goal for Tom Steyer and the environmentalist wackos, is to shut down America's carbon industry. No matter what the cost!
How to destroy jobs and the economy

While this idiocy pisses me off to no end, I hopeful that people will appropriately see that this administration is purposely trying to kneecap the country's economy and energy assets. As mentioned in the article, the upgrades would only work at/below 20 MPH. Most trains are going faster than that.

I don't know that they are purposely trying to kneecap the economy. I think it's entirely possible that they just fail to comprehend the impact of their actions and proposals. Remember, none of them, literally none of them, have ever actually DONE anything.

I think you're being generous. When you've got a book with a subtitle "Capitalism vs. the Climate", they're making it clear that is exactly what they want to do.

The Breakthrough Institute - The Left vs. the Climate

http://thebreakthrough.org/index.php/pro...he-climate Wrote:Her new manifesto, This Changes Everything: Capitalism vs. the Climate is a wide-ranging synthesis of Left-green doctrine on the entwinement of ecology and economy. It’s about belching smoke-stacks, thickening carbon dioxide, melting icesheets, acidifying oceans, shattering hurricanes, and searing droughts. It’s also about callous oil companies, preening billionaires, corrupt politicians, environmental groups subborned by corporate cash, hard-pressed farmers, desperate workers in dirty jobs, and downtrodden natives defending their land. This is all of a piece to Klein: the fight for a sustainable economy is also the fight for a fair and humane one, a furtherance of struggles for labor rights, civil rights, welfare rights, and land reform, for grassroots democracy against elite power.

We did some background work on the Actvists that gave TransCanada a fit in East. Texas a couple of years ago. 90% of the Instigators that came to Texas had ties to Radical Enviromental Groups (ELF) that qualified as Domestic Terrorists and who manipulated the Locals to do their Dirty Work & get arrested. The Locals were left SOL when the promised Bond Money wasn't there.

Going back to "Follow the Money" on who funded these clowns we found the usual far left suspects in the Enviromental movement as well as a couple of US Resident Aliens from China.