"JoeSpareBedroom" <newstrash@frontiernet.net> wrote in message
news:EcWZk.57547$5L3.7315@newsfe09.iad...
> "Fat Moe" <FatMoe@BubbleWorld.Com> wrote in message
> news:49382d85$0$5493$bbae4d71@news.suddenlink.net. ..
>> So much for 200 dollar crude, at least for now. Old Boone Pickens is
>> gonna be riding a bike to check on his windmills.
>
>
> In the past few weeks, there have been articles about how the Saudis are
> trying to figure out ways to prop up the price. I suspect that the
> National Security Agency has at least tried to bug the offices &
> residences of as many Saudis as possible. If they've succeeded, I see a
> solution for our deficit: "NSA's Greatest Hits: Saudi Panic Volume 1 -
> Princes Trying To Sell Their French Villas"
>
> It'll go platinum in a day.
>

This model assumes the price of sucking crude out of the ground is a
variable, and it costs more today than it did a year ago. The fact is, the
cost of getting the crude out of the ground has not changed, and therefore
the price they were getting 6 months ago was a windfall profit that was
created due to the balance of supply and demand, or the lack of balance as
the case may be.

Yes, there are more expensive ways to extract oil, but the Saudis are not
using them. WE would use those expensive methods to get at the shale, but if
crude oil can be gotten at a profit at for less than $50 per barrel, it does
not make sense to go after the shale.

Saudi Arabia and Iran are looking for ways to boost the price of crude oil.

On Thu, 4 Dec 2008 19:57:26 +0000 (UTC), "badgolferman"
<REMOVETHISbadgolferman@gmail.com> wrote:

>Conscience wrote:
>
>>On 2008-12-04 11:40:21 -0800, "badgolferman"
>><REMOVETHISbadgolferman@gmail.com> said:
>>
>>>Fat Moe wrote:
>>>
>>>>So much for 200 dollar crude, at least for now. Old Boone
>>>>Pickens is gonna be riding a bike to check on his windmills.
>>>
>>>When the crude oil prices were high everyone was blaming Bush and
>>>Cheney. Now that the prices are low it is time to praise Bush and
>>>Cheney.
>>>
>>>Let's hear it, boys!
>>
>>I forget which CBS talking head I heard say words to the effect,
>>"It's the Bush administrations fault that oil prices are low enough
>>that they're hurting the economy."
>>
>>Amazing.
>
>I ate lunch with some co-workers today. Co-worker #1 is a flaming
>liberal and several years ago he tried to get me to vote for Dennis
>Kucinich so maybe that will tell you his mindset.
>
>Co-worker #2 asked me "What are you going to do now that Obama will be
>president?"
>
>I said, "What can I do? I'll have to live with it."
>
>Co-worker #1 says, "At least we finally have a competent leader in the
>White House!"
>
>I said, "What has he done that you consider him competent?"
>
>Co-worker #1, "He's not Bush!"
>
>These are type of people who don't think things through and live their
>lives based on emotions. GWB did not measure up to their expectations
>of feel-goodism so they blame him for everything possible to make
>themselves feel better. How will they feel when they come to realize
>they've been betrayed?

Like all the nit wits in here that voted for Barry for....


FEEEEEEEEELINGGGGGGSSSSSSSS

What idiots....

--

Scott in Florida

Fat Moe wrote:

> So much for 200 dollar crude, at least for now. Old Boone Pickens is
> gonna be riding a bike to check on his windmills.

Remember the old rule for goods in a competitive market: In the long
term, the selling price tends to equal the marginal cost of
production, and for oil that cost is $20-30 a barrel cheaper. That's
pretty bad for alternative energy sources such as tar sand, another T.
Boone Swiftboater project, which has a marginal cost of about $35.

JoeSpareBedroom wrote:

> "Fat Moe" <FatMoe@BubbleWorld.Com> wrote in message
> news:49382d85$0$5493$bbae4d71@news.suddenlink.net. ..

> > So much for 200 dollar crude, at least for now. Old Boone Pickens is
> > gonna be riding a bike to check on his windmills.
>
> In the past few weeks, there have been articles about how the Saudis are
> trying to figure out ways to prop up the price. I suspect that the National
> Security Agency has at least tried to bug the offices & residences of as
> many Saudis as possible. If they've succeeded, I see a solution for our
> deficit: "NSA's Greatest Hits: Saudi Panic Volume 1 - Princes Trying To Sell
> Their French Villas"
>
> It'll go platinum in a day.

Speaking of platinum, have you noticed that it's only about $50 more
per oz. than gold? The last time the two metals were so similar in
price, platinum became the better investment.

larry moe 'n curly wrote:
>
> Fat Moe wrote:
>
>> So much for 200 dollar crude, at least for now. Old Boone Pickens is
>> gonna be riding a bike to check on his windmills.
>
> Remember the old rule for goods in a competitive market: In the long
> term, the selling price tends to equal the marginal cost of
> production, and for oil that cost is $20-30 a barrel cheaper. That's
> pretty bad for alternative energy sources such as tar sand, another T.
> Boone Swiftboater project, which has a marginal cost of about $35.

And crude got a little cheaper today, around 41.50 close. Jim
Rodgers says this is our last chance to get it this cheap....... which
is what he's been saying all the way down from 140s.
OJ gets credit for the market rally, the Simpson OJ that is.

In article <RIh_k.4185$M01.3491@bignews3.bellsouth.net>,
"Mark A" <someone@someone.com> wrote:

> "Fat Moe" <FatMoe@BubbleWorld.Com> wrote in message
> news:4939a6ac$0$5489$bbae4d71@news.suddenlink.net. ..
> > And crude got a little cheaper today, around 41.50 close. Jim Rodgers
> > says this is our last chance to get it this cheap....... which is what
> > he's been saying all the way down from 140s.
> > OJ gets credit for the market rally, the Simpson OJ that is.
>
> Unfortunately for United Airlines, they went all-in on oil futures when it
> went down to $80-$100 and they are sucking for air now. Other airlines
> probably did the same, so they are not even benefiting from the low fuel
> costs now.
>
> Probably same for Rogers.

It's a crazy mixed up world, LOL.
--


"It's deja vu all over again"
Yogi Berra

"dbu'" <nospam@nobama.com> wrote in message
news:nospam-6E9BD8.16430605122008@feeder.motzarella.org...
> In article <RIh_k.4185$M01.3491@bignews3.bellsouth.net>,
> "Mark A" <someone@someone.com> wrote:
>
>> "Fat Moe" <FatMoe@BubbleWorld.Com> wrote in message
>> news:4939a6ac$0$5489$bbae4d71@news.suddenlink.net. ..
>> > And crude got a little cheaper today, around 41.50 close. Jim
>> > Rodgers
>> > says this is our last chance to get it this cheap....... which is what
>> > he's been saying all the way down from 140s.
>> > OJ gets credit for the market rally, the Simpson OJ that is.
>>
>> Unfortunately for United Airlines, they went all-in on oil futures when
>> it
>> went down to $80-$100 and they are sucking for air now. Other airlines
>> probably did the same, so they are not even benefiting from the low fuel
>> costs now.
>>
>> Probably same for Rogers.
>
> It's a crazy mixed up world, LOL.
> --
>
>
> "It's deja vu all over again"
> Yogi Berra
>
>
>

Its a mixed up muddled up shook up world . . . .

Sir Charles the Curmudgeon

I wonder if all of our left kook friends in this NG who were blaming "Bush
and his big oil buddies" for $4 gas, are now going to thank them for the
$1.60 gas? LOL


"Fat Moe" <FatMoe@BubbleWorld.Com> wrote in message
news:4939a6ac$0$5489$bbae4d71@news.suddenlink.net. ..
> larry moe 'n curly wrote:
>>
>> Fat Moe wrote:
>>
>>> So much for 200 dollar crude, at least for now. Old Boone Pickens is
>>> gonna be riding a bike to check on his windmills.
>>
>> Remember the old rule for goods in a competitive market: In the long
>> term, the selling price tends to equal the marginal cost of
>> production, and for oil that cost is $20-30 a barrel cheaper. That's
>> pretty bad for alternative energy sources such as tar sand, another T.
>> Boone Swiftboater project, which has a marginal cost of about $35.
>
> And crude got a little cheaper today, around 41.50 close. Jim Rodgers
> says this is our last chance to get it this cheap....... which is what
> he's been saying all the way down from 140s.
> OJ gets credit for the market rally, the Simpson OJ that is.