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  • A.B.Campbell 9:11 am on April 1, 2010 Permalink
    Tags: , oil, ,   

    Saying the opposite of what you are doing (again) 

    Comrade Obama

    Misdirection.

    Concerning the Obama Administration’s offshore drilling announcement:

    When you cut through the hoopla, here is what Obama’s announcement added up to:

    • Canceled five lease sales off the Alaska coast that were planned over the next 2 years. One of the areas is estimated to hold up to 77 billion barrels of oil, or more than 3 times US reserves.
    • A study of the southern Atlantic OCS, with the findings due back next year….no leasing.
    • Delayed a planned lease sale off Virginia until at least 2012.

-More at Power Line

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  • A.B.Campbell 9:54 am on March 10, 2010 Permalink
    Tags: , oil,   

    Sunk – Whitehouse seeks control of nation’s waterways 

    Sinking Oil Platform

    New policy threatens more than just oil production.

    “The planning process would be fully transparent and participatory.”

    Say bye bye to US energy exploration and hello US energy crisis. Can anyone guess how you make alternative energy a competitive industry? The Bruce knows: intentionally raise the price of oil. Which is of course exactly what Barry wants.

    And since oil fuels our economy, if we let this process run to it’s logical (liberal) end, it means greater federal regulation on exploration and drilling, which will mean higher fuel prices, which will mean more costly goods and services (including food) which means a longer recession, and continued high unemployment rates.

     
    • pslarkin 10:22 am on March 10, 2010 Permalink | Log in to Reply

      I browsed through the document and found no stated goal related to raising oil prices. Your accusation is certainly entertaining but without proof is not all that educational.

      • The Bruce 12:12 pm on March 10, 2010 Permalink

        Of course you didn’t find it written in there, it’s my opinion that these things will come to pass as a result of this proposed policy. It is also my opinion that the President will use this as a stepping stone to halt oil exploration and that he is fully aware of the economic impact of that.

    • Mein Schatz 12:09 pm on March 10, 2010 Permalink | Log in to Reply

      Am I missing something? The link took me to an article about fishing.

      • The Bruce 12:18 pm on March 10, 2010 Permalink

        That’s the article that got me started on this whole exploration, I of course took it a different direction – some folks might be saying goodbye to their fishing rights too… so I guess that means there’s no loophole – you’ll have to pay those high food prices or take up hunting.

      • Mein Schatz 1:04 pm on March 10, 2010 Permalink

        Considering that almost every oceanic fish population on the planet is on the verge of utter collapse at the hand of over fishing, destruction of habitat, and general abuse for the last 200 years, I have trouble siding with the “save the humans” group. If the oceanic ecosystem is destroyed, we all die. It’s as simple as that.A few out of work fishermen is a small price to pay for the continuation of the species. Of course, I can never support increased federal authority, but frankly, I don’t see a lot of options here.

    • pslarkin 1:03 pm on March 10, 2010 Permalink | Log in to Reply

      And that, The Bruce, is another bombastic statement. To halt oil production would be logistically and politically impossible…let alone a horrible and impractical idea. Maybe the only place it has been considered is in your brain.

      This wholly speculative critique doesn’t work.

      • Mein Schatz 1:06 pm on March 10, 2010 Permalink

        Well, it would be in the best interest of the establishment to control oil production, and we already do a considerable amount of that on our own soil and abroad as it is. I don’t believe the feds would pass up an opportunity to further regulate oil-containing regions of the map. That just gives them another angle by which to control the energy market. Halting oil production is not the issue; the issue is who has their fingers in what pot, and who stands to make insane amounts of money. I don’t know enough about this particular propossal to speculate further.

      • The Bruce 1:45 pm on March 10, 2010 Permalink

        Precisely – no one is claiming they want to halt production, just control it.

      • pslarkin 2:12 pm on March 10, 2010 Permalink

        “will use this as a stepping stone to halt oil exploration”

      • The Bruce 2:13 pm on March 10, 2010 Permalink

        Exploration is not production.

      • pslarkin 2:39 pm on March 10, 2010 Permalink

        True. I used these two words in tandem when they have different meanings.

        This doesn’t change the fact that the process of producing oil starts at exploration. They are inextricably linked.

        You have still speculated that the president of the united states wants to use policy to “halt exploration” in order to “intentionally raise the price of oil”. It’s odd that you would glean this from the documents posted.

  • A.B.Campbell 3:46 pm on December 17, 2008 Permalink
    Tags: , , oil, OPEC,   

    OPEC: Oil underweight, needs to fatten up. 

    As TSJ enthusiasts are well aware, Obesity is a major problem in the United States and abroad. While many fat folks choose to hold off dieting until the new year, oil has been losing weight for some time. Luckily, concerned by crude oil’s anorexic state, OPEC has intervened on its behalf.

    “It’s less than meets the eye,” says Lawrence Eagles, JPMorgan Chase & Co’s global head of commodities research. Previous attempts by OPEC to curtail crude’s dwindling fatness, have have had virtually no effect and this latest move by oil producers may be similarly ineffective.

    Experts say crude oil’s underweight issues may continue to influence its close friend, gasoline.

    “When this baby hits rock bottom, she’s going to breakdown all over the Gasolines,”  remarked one commentator, “I’m talkin’ French model, skin n’ bones, $1.00/gallon gasoline here!”

    Energy prices continue to set new records.

     
    • The Bruce 3:51 pm on December 17, 2008 Permalink | Log in to Reply

      This one’s for Don Lando.

    • Don Lando 4:38 pm on December 17, 2008 Permalink | Log in to Reply

      The only records energy prices are setting these days is a record for most detached commodities sector of the millenium. Well, that and biggest, fastest price drop ever.

      And for what it’s worth, January gasoline (RBOB) contracts on the merc settled at something like $1.0035/gal today, so there’s your one-dollar gas. ‘Course that’s blendstock, but still.

    • Don Lando 4:49 pm on December 17, 2008 Permalink | Log in to Reply

      it’s $1.0055, I confused it with yesterday’s 1.035

    • The Bruce 8:35 am on December 18, 2008 Permalink | Log in to Reply

      Show off.

  • A.B.Campbell 6:19 pm on October 16, 2008 Permalink
    Tags: , , , , , oil,   

    The Front Porch: The Bruce Ponders the Elections 

    As Obama supporters get cocky, and McCain is handed yet another “tie” by the mainstream media, I watch the price of crude oil trade under 70 dollars a barrel, the US Dollar grow stronger, and wonder how long until the Obama bubble bursts and Americans with economic concerns stop running to his outstretched, socialist arms. A long time I am sure, provided the media continues to not report it.

    Should he ride it through the election and win the presidency, I am confident that The Messiah’s allies in the press will begin reporting the oil price change, the dollar’s strength and attribute it all to Dear Leader, Barack Obama.

    The Bruce ponders whether Americans will see through this ruse… if they continue to embrace socialism and elect Mr. Obama, no doubt they will believe every word.

     
  • A.B.Campbell 9:08 pm on September 11, 2008 Permalink
    Tags: , , oil, peak oil, ,   

    Forbes/BBC: The Bruce was right on target. 

    As many of you may recall, in a recent article The Bruce predicted the eventual fall of gas prices due to the natural adjustment of the free market. This is now happening. And according to Forbes, even OPEC is powerless to stop it completely.

    Let this be a lesson to you all: do not question the wisdom of The Bruce.

     
    • Don Lando 12:04 am on September 12, 2008 Permalink | Log in to Reply

      market volatility and seasonality are the crown and scepter with which i defy your wisdom.

      those are the key points we’re brought with, anyhow.

    • The Bruce 5:05 pm on September 12, 2008 Permalink | Log in to Reply

      Perhaps so…

      but aren’t these essentially short term market effects?

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