Yes, Michelle, There is a Santa Claus. His Name is Barack!

[Cap'n Cat]

[ALPHAGRIZ1]

Except when he goes back up the chimney his sack is full...............of your stuff.

[CAA Flagship]

Time to buy a big ass, gas-guzzling, carbon-emitting, SUV.

[Baldy]

Thank you, FRACKING!!!

[D1B]

Thank you, FRACKING!!!

Weakening demand from China and OPEC keeping the taps running, you idiot.

PM me if want more lessons on oil pricing.

[93henfan]

Time to buy a big ass, gas-guzzling, carbon-emitting, SUV.

Three weeks ago. Check!

[Baldy]

Thank you, FRACKING!!!

Weakening demand from China and OPEC keeping the taps running, you idiot.

PM me if want more lessons on oil pricing.

Ask yourself why OPEC is keeping the taps running there, Corky.
The answer is......wait for it.........................>>>>>>>>>>>>>>>>>>>fracking.

You're a special brand of stupid.

[DSUrocks07]

Thank you, FRACKING!!!

OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA, you idiot.

PM me if want more OBAMA OBAMA OBAMA OBAMA.

This post was edited by Cap'n

[D1B]

Weakening demand from China and OPEC keeping the taps running, you idiot.

PM me if want more lessons on oil pricing.

Ask yourself why OPEC is keeping the taps running there, Corky.
The answer is......wait for it.........................>>>>>>>>>>>>>>>>>>>fracking.

You're a special brand of stupid.

Nope, wrong again Bladder. Taps are on cuz the Saudis can't get a meaningful coalition to join em in cutting production, YET. Meantime they're hammering the frackers who will soon be out of business. Guess who will bail em out? Wait for it..................US taxpayers forced by petroconks like you, Boldlie.

[D1B]

OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA OBAMA, you idiot.

PM me if want more OBAMA OBAMA OBAMA OBAMA.

This post was edited by Cap'n

Go back to the football board you fucking idiot.

[D1B]

Baddie chased off another thread.

Call me houndawgII!

[travelinman67]

Ask yourself why OPEC is keeping the taps running there, Corky.
The answer is......wait for it.........................>>>>>>>>>>>>>>>>>>>fracking.

You're a special brand of stupid.

Nope, wrong again Bladder. Taps are on cuz the Saudis can't get a meaningful coalition to join em in cutting production, YET. Meantime they're hammering the frackers who will soon be out of business. Guess who will bail em out? Wait for it..................US taxpayers forced by petroconks like you, Boldlie.

You are full of shit.

All the other OPEC members begged to cut production...the Saudi's have uniquely declined. They can afford to for down prices to break the U.S. fracking coalition.

Problem is, fracking technology is now global...it's too late.

Obama has actually IMPEDED fracking and carbon energy production. We here in spite of Obama, NOT BECAUSE OF Obama.

[D1B]

Nope, wrong again Bladder. Taps are on cuz the Saudis can't get a meaningful coalition to join em in cutting production, YET. Meantime they're hammering the frackers who will soon be out of business. Guess who will bail em out? Wait for it..................US taxpayers forced by petroconks like you, Boldlie.

You are full of shit.

All the other OPEC members begged to cut production...the Saudi's have uniquely declined. They can afford to for down prices to break the U.S. fracking coalition.

Problem is, fracking technology is now global...it's too late.

Obama has actually IMPEDED fracking and carbon energy production. We here in spite of Obama, NOT BECAUSE OF Obama.

Tblowsmen - lying sack of conk shit.

Saudi Arabia's $750 Billion Bet Drives Brent Oil Below $54
Share 14 Comments

With Brent crude oil falling on Monday below $54 a barrel for the first time in more than five years, it is clear that Saudi Arabia is making a massive $750 billion bet in 2015 that the oil kingdom can endure lower oil prices longer than other major oil producing countries both within and outside OPEC, even including American shale.

A flood of new oil from U.S. shale producers and Canadian tar sands companies coupled with softening demand from China may have set the stage, but Saudi Arabia is now firmly driving the process that has seen oil prices plunge in a matter of months. Starting in October, Saudi Arabia indicated to global markets that it would not materially cut production alone and would restrain itself from cutting production unless other major oil producing countries also joined in such an effort.


“The most important thing for the Saudis is market share,” says Prof. F. Gregory Gause, a Saudi expert at Texas A&M University. “They are not going to sacrifice it, they will play chicken with other producers, whether Iranian or American shale producers, in order not to lose market share and the only way they will cut production is if they get an agreement with a broad array of OPEC and non-OPEC producers to take a fair amount of oil off the market.”

Saudi Arabia’s move is inflicting pain on the energy-based economics of countries like Iran and Russia, and big national oil companies ranging from Russia’s Rosneft to Brazil’s Petrobras, which saw its shares fall another 8.4% on Monday. Big U.S. shale producers saw their shares take another hit on Monday. Shares of Continental Resources, for example, fell by 12%. Companies engaged in offshore drilling also got hit, like Transocean, whose stock fell by another 7% on Monday. Transocean’s stock has plunged by 65% in the last year.


The decision by Saudi Arabia, the world’s biggest oil exporter, not to cut oil production and play the role of swing producer to stabilize oil prices is also costing the oil kingdom. Saudi Arabia recently released a 2015 budget showing a $38.6 billion deficit, its largest ever, projecting a significant decrease in oil-generated revenue. But Saudi Arabia has accumulated $750 billion in foreign currency reserves and has signaled it is willing to spend its cash hoard and put it on the line in this global oil battle.

Saudi behavior in the global oil market is informed by the oil kingdom’s experience in the 1980s, when oil prices collapsed below $10 a barrel. At the time, the Saudis kept cutting production and losing market share because other OPEC members continued to pump out as much oil as they could. This time around, the Saudis not only need to get other OPEC members in-line on production cuts, but also non-OPEC members like Russia and Mexico. In the case of American shale, there is no single policy maker, but hundreds of independent oil companies making up a market that Saudi Arabia can try to influence by making future investment seem riskier and unprofitable.

“The Saudis are putting the heat on everybody and you don’t need to parse it out and say they are really putting the heat on Iran or they are really putting the heat on shale or Russia,” says Gause. “They have decided that given the current market situation they are not going to cut until others cut and all sorts of players are going to feel the sting on that.”

Still, the key for the Saudis could be Vladimir Putin and Russia. The Wall Street Journal did some very interesting reporting right before the end of the year, showing the efforts that Saudi Arabia recently made to get non-OPEC producers like Russia to cooperate in oil production cuts. Saudi Oil Minister Ali al-Naimi tried to get Russia to agree to production cuts in late November, but Russia made it clear it was unwilling to do so, The Wall Street Journal reported. “Russia is the hardest nut to crack,” says Gause.

Oil traders say they believe that Russia, which is facing economic precssures stemming from Western sanctions in addition to plunging oil prices, would find it very hard to stomach production cuts at this time, but that maybe the Saudis could force Russia to decrease future investment.

[travelinman67]

Do you even read what you post?

What a stupid fuck.

[Pwns]

And I thought gas prices rose and fell with the level of oil kkkompany greed.

[D1B]

Do you even read what you post?

What a stupid fuck.

I accept your surrender, Tliesman67.

[kalm]

And I thought gas prices rose and fell with the level of oil kkkompany greed.

Are you shedding a tear?

[Baldy]

Ask yourself why OPEC is keeping the taps running there, Corky.
The answer is......wait for it.........................>>>>>>>>>>>>>>>>>>>fracking.

You're a special brand of stupid.

Nope, wrong again Bladder. Taps are on cuz the Saudis can't get a meaningful coalition to join em in cutting production, YET. Meantime they're hammering the frackers who will soon be out of business. Guess who will bail em out? Wait for it..................US taxpayers forced by petroconks like you, Boldlie.

Damn straight I'll call you houndawg, you're just as fucking stupid.

In late November, the members of the Organization of the Petroleum Exporting Countries (OPEC) broke with tradition by not slowing down oil production - recognizing that under the circumstances, they were hardly in a position to push through higher prices.

Along with dwindling global demand - most recently due to the global financial crisis and overall economic malaise - one of the problems has been the emergence of new oil production options.

Behind the drop in prices is a new US competitor: Now, thanks to the new extraction method known as fracking, the Americans can extract natural gas from shale rock layers deep within the earth. The result has been a steep decline in the US demand for oil on the world market. And the United States has always been the world's biggest oil consumer.

It's not just people who heat their homes with oil who are benefiting from this development. China is too. China is second only to the United States when it comes to the consumption of crude oil. Last year, 12 percent of the global output went to China, making up about 60 percent of Chinese oil consumption. Beijing is now rushing to make the most of the drop in prices and top up its reserves.

The country beefed up its crude oil imports in the first nine months of 2014 by 8.3 percent. China now has about 300 million tons of oil reserves - enough to ensure it could survive up to a month without oil imports. The Chinese are planning to increase their reserves to an import volume equivalent of 100 days by 2020.

Hay erebody, me name iz Downs1boy. imma jeanous abowt owil poduxion. Semme a PM and ill send u me filosofy abowt chinereze owil mperts.

[Chizzang]

Just an FYI...
Any article that refers to fracking as "New" cannot be taken seriously... (at all)
But in this case the general information is vaguely correct and not a mystery

[D1B]

Nope, wrong again Bladder. Taps are on cuz the Saudis can't get a meaningful coalition to join em in cutting production, YET. Meantime they're hammering the frackers who will soon be out of business. Guess who will bail em out? Wait for it..................US taxpayers forced by petroconks like you, Boldlie.

Damn straight I'll call you houndawg, you're just as fucking stupid.

In late November, the members of the Organization of the Petroleum Exporting Countries (OPEC) broke with tradition by not slowing down oil production - recognizing that under the circumstances, they were hardly in a position to push through higher prices.

Along with dwindling global demand - most recently due to the global financial crisis and overall economic malaise - one of the problems has been the emergence of new oil production options.

Behind the drop in prices is a new US competitor: Now, thanks to the new extraction method known as fracking, the Americans can extract natural gas from shale rock layers deep within the earth. The result has been a steep decline in the US demand for oil on the world market. And the United States has always been the world's biggest oil consumer.

It's not just people who heat their homes with oil who are benefiting from this development. China is too. China is second only to the United States when it comes to the consumption of crude oil. Last year, 12 percent of the global output went to China, making up about 60 percent of Chinese oil consumption. Beijing is now rushing to make the most of the drop in prices and top up its reserves.

The country beefed up its crude oil imports in the first nine months of 2014 by 8.3 percent. China now has about 300 million tons of oil reserves - enough to ensure it could survive up to a month without oil imports. The Chinese are planning to increase their reserves to an import volume equivalent of 100 days by 2020.

Hay erebody, me name iz Downs1boy. imma jeanous abowt owil poduxion. Semme a PM and ill send u me filosofy abowt chinereze owil mperts.

Jeeze, what a stupid motherfucker. Call me if you want me to slowly read this to you...

Saudi Arabia's $750 Billion Bet Drives Brent Oil Below $54
Share 14 Comments

With Brent crude oil falling on Monday below $54 a barrel for the first time in more than five years, it is clear that Saudi Arabia is making a massive $750 billion bet in 2015 that the oil kingdom can endure lower oil prices longer than other major oil producing countries both within and outside OPEC, even including American shale.

A flood of new oil from U.S. shale producers and Canadian tar sands companies coupled with softening demand from China may have set the stage, but Saudi Arabia is now firmly driving the process that has seen oil prices plunge in a matter of months. Starting in October, Saudi Arabia indicated to global markets that it would not materially cut production alone and would restrain itself from cutting production unless other major oil producing countries also joined in such an effort.


“The most important thing for the Saudis is market share,” says Prof. F. Gregory Gause, a Saudi expert at Texas A&M University. “They are not going to sacrifice it, they will play chicken with other producers, whether Iranian or American shale producers, in order not to lose market share and the only way they will cut production is if they get an agreement with a broad array of OPEC and non-OPEC producers to take a fair amount of oil off the market.”

Saudi Arabia’s move is inflicting pain on the energy-based economics of countries like Iran and Russia, and big national oil companies ranging from Russia’s Rosneft to Brazil’s Petrobras, which saw its shares fall another 8.4% on Monday. Big U.S. shale producers saw their shares take another hit on Monday. Shares of Continental Resources, for example, fell by 12%. Companies engaged in offshore drilling also got hit, like Transocean, whose stock fell by another 7% on Monday. Transocean’s stock has plunged by 65% in the last year.


The decision by Saudi Arabia, the world’s biggest oil exporter, not to cut oil production and play the role of swing producer to stabilize oil prices is also costing the oil kingdom. Saudi Arabia recently released a 2015 budget showing a $38.6 billion deficit, its largest ever, projecting a significant decrease in oil-generated revenue. But Saudi Arabia has accumulated $750 billion in foreign currency reserves and has signaled it is willing to spend its cash hoard and put it on the line in this global oil battle.

Saudi behavior in the global oil market is informed by the oil kingdom’s experience in the 1980s, when oil prices collapsed below $10 a barrel. At the time, the Saudis kept cutting production and losing market share because other OPEC members continued to pump out as much oil as they could. This time around, the Saudis not only need to get other OPEC members in-line on production cuts, but also non-OPEC members like Russia and Mexico. In the case of American shale, there is no single policy maker, but hundreds of independent oil companies making up a market that Saudi Arabia can try to influence by making future investment seem riskier and unprofitable.

“The Saudis are putting the heat on everybody and you don’t need to parse it out and say they are really putting the heat on Iran or they are really putting the heat on shale or Russia,” says Gause. “They have decided that given the current market situation they are not going to cut until others cut and all sorts of players are going to feel the sting on that.”

Still, the key for the Saudis could be Vladimir Putin and Russia. The Wall Street Journal did some very interesting reporting right before the end of the year, showing the efforts that Saudi Arabia recently made to get non-OPEC producers like Russia to cooperate in oil production cuts. Saudi Oil Minister Ali al-Naimi tried to get Russia to agree to production cuts in late November, but Russia made it clear it was unwilling to do so, The Wall Street Journal reported. “Russia is the hardest nut to crack,” says Gause.

Oil traders say they believe that Russia, which is facing economic precssures stemming from Western sanctions in addition to plunging oil prices, would find it very hard to stomach production cuts at this time, but that maybe the Saudis could force Russia to decrease future investment.

[GrizMusician]

Just an FYI...
Any article that refers to fracking as "New" cannot be taken seriously... (at all)
But in this case the general information is vaguely correct and not a mystery

This.

[Baldy]

Just an FYI...
Any article that refers to fracking as "New" cannot be taken seriously... (at all)
But in this case the general information is vaguely correct and not a mystery

Fracking as we know it today (commercially acceptable and profitable) and being done on a scale large enough to affect global oil prices (as well as the amount of foreign oil we import) is certainly a new concept.

[Baldy]

Jeeze, what a stupid motherfucker. Call me if you want me to slowly read this to you...

Saudi Arabia's $750 Billion Bet Drives Brent Oil Below $54
Share 14 Comments

With Brent crude oil falling on Monday below $54 a barrel for the first time in more than five years, it is clear that Saudi Arabia is making a massive $750 billion bet in 2015 that the oil kingdom can endure lower oil prices longer than other major oil producing countries both within and outside OPEC, even including American shale.

A flood of new oil from U.S. shale producers and Canadian tar sands companies coupled with softening demand from China may have set the stage, but Saudi Arabia is now firmly driving the process that has seen oil prices plunge in a matter of months. Starting in October, Saudi Arabia indicated to global markets that it would not materially cut production alone and would restrain itself from cutting production unless other major oil producing countries also joined in such an effort.


“The most important thing for the Saudis is market share,” says Prof. F. Gregory Gause, a Saudi expert at Texas A&M University. “They are not going to sacrifice it, they will play chicken with other producers, whether Iranian or American shale producers, in order not to lose market share and the only way they will cut production is if they get an agreement with a broad array of OPEC and non-OPEC producers to take a fair amount of oil off the market.”

Saudi Arabia’s move is inflicting pain on the energy-based economics of countries like Iran and Russia, and big national oil companies ranging from Russia’s Rosneft to Brazil’s Petrobras, which saw its shares fall another 8.4% on Monday. Big U.S. shale producers saw their shares take another hit on Monday. Shares of Continental Resources, for example, fell by 12%. Companies engaged in offshore drilling also got hit, like Transocean, whose stock fell by another 7% on Monday. Transocean’s stock has plunged by 65% in the last year.


The decision by Saudi Arabia, the world’s biggest oil exporter, not to cut oil production and play the role of swing producer to stabilize oil prices is also costing the oil kingdom. Saudi Arabia recently released a 2015 budget showing a $38.6 billion deficit, its largest ever, projecting a significant decrease in oil-generated revenue. But Saudi Arabia has accumulated $750 billion in foreign currency reserves and has signaled it is willing to spend its cash hoard and put it on the line in this global oil battle.

Saudi behavior in the global oil market is informed by the oil kingdom’s experience in the 1980s, when oil prices collapsed below $10 a barrel. At the time, the Saudis kept cutting production and losing market share because other OPEC members continued to pump out as much oil as they could. This time around, the Saudis not only need to get other OPEC members in-line on production cuts, but also non-OPEC members like Russia and Mexico. In the case of American shale, there is no single policy maker, but hundreds of independent oil companies making up a market that Saudi Arabia can try to influence by making future investment seem riskier and unprofitable.

“The Saudis are putting the heat on everybody and you don’t need to parse it out and say they are really putting the heat on Iran or they are really putting the heat on shale or Russia,” says Gause. “They have decided that given the current market situation they are not going to cut until others cut and all sorts of players are going to feel the sting on that.”

Still, the key for the Saudis could be Vladimir Putin and Russia. The Wall Street Journal did some very interesting reporting right before the end of the year, showing the efforts that Saudi Arabia recently made to get non-OPEC producers like Russia to cooperate in oil production cuts. Saudi Oil Minister Ali al-Naimi tried to get Russia to agree to production cuts in late November, but Russia made it clear it was unwilling to do so, The Wall Street Journal reported. “Russia is the hardest nut to crack,” says Gause.

Oil traders say they believe that Russia, which is facing economic precssures stemming from Western sanctions in addition to plunging oil prices, would find it very hard to stomach production cuts at this time, but that maybe the Saudis could force Russia to decrease future investment.

You obviously don't know how to read if you're using that article in support of your "point".

Closed captioned to D...please tell me you realize that virtually everything you claimed was refuted by that article...

[Chizzang]

Just an FYI...
Any article that refers to fracking as "New" cannot be taken seriously... (at all)
But in this case the general information is vaguely correct and not a mystery

Fracking as we know it today (commercially acceptable and profitable) and being done on a scale large enough to affect global oil prices (as well as the amount of foreign oil we import) is certainly a new concept.

No...
no its not

Fracking (Hydraulic Fracturing) has been commercially viable since the early 1950's

[travelinman67]

Dumb1Boy...

...here's where you quietly fade from this thread.

You've really stepped in it this time.

Digressed to full-time Troll...

...now, to drooling retard.

Please, for your own sake, stop.