What are you doing right now?

[wa-loaf]

Originally Posted by dmc

I'm actually selective on the threads I read... Sorry...

My bad. I didn't read back before responding.

[severine]

That's ok, I get the feeling this will be brought up often. Maybe I should have just started a thread of its own so there'd be no confusion.

To each his own. Karma's a bitch.

[GrilledSteezeSandwich]

Surfing the net at work....the boss is playing golf..in the rain...I'm also looking forward to hit up the Allentown Farmers Market after work...lots of good food there..

[Moe Ghoul]

Low energy level day here, 0 motivation to do anything. Coffee, channel & web surfin

[ctenidae]

Currently looking at petroleum drilling companies as investment opportunities.

[drjeff]

Originally Posted by ctenidae

Currently looking at petroleum drilling companies as investment opportunities.

You thinking that there might just be some increased domestic drilling in previously "off limits" areas in the near future?? I sure am. Plus, I wouldn't be suprised at all to see the some new refineries popping up here and there around the country. Afterall what good is an increased supply if your refinery capacity can't handle it??? Short term, that is the answer. Alternative energy sources are great, but the cold hard reality is this country is so dependent on fossil fuels that a widescale switch to alternative sources in the short term is way more cost prohibitive than the expansion of our ability to obtain and bring to market our existing technologies. And if we can manage to obtain more of our own fossil fuel reserves without the aid of a multi-week cruise on a supertanker, then that will allow us to win atleast one of the short term battles in this long term energy war.

[wa-loaf]

Originally Posted by drjeff

Afterall what good is an increased supply if you're refinery capacity can't handle it.

What increased supply?

The world's premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil companies can keep abreast of booming demand.

The Paris-based International Energy Agency is in the middle of its first attempt to comprehensively assess the condition of the world's top 400 oil fields. Its findings won't be released until November, but the bottom line is already clear: Future crude supplies could be far tighter than previously thought.

Link

[ctenidae]

Originally Posted by drjeff

You thinking that there might just be some increased domestic drilling in previously "off limits" areas in the near future?? I sure am.

Not so much "off limits" drilling as developing previously uneconomical fields- Bakken in ND, Fayetteville Shale in AR, etc.

Name Ticker YTD Perf
BRIGHAM OIL & GAS LP BEXP 60.67%
CONTINENTAL RESOURCES CLR 97.90%
EOG RESOURCES INC EOG 57.15%
HESS CORPORATION HES 41.02%
MARATHON OIL CO MRO -4.51%
NEWFIELD PROD CO NFX 25.30%
PENN VIRGINIA OIL & GAS LP PVR 3.29%
SAMSON RESOURCES CO SSN -20.00%
WHITING OIL AND GAS CORP WLL 52.99%

These are the public companies with drilling rigs in North Dakota at the moment.


Alternatives will be a slow transition in the present sense, but 3-5 years to switch over to a new fuel source isn't long, in the grand scheme of things. The long play on oil is that it'll take another 10 years to get teh oil burners off the road.

[ctenidae]

Originally Posted by wa-loaf

What increased supply?



Link

OPEC's not refusing to increase quotas because they're mean. They're not raising quotas becasue they can't.

[GrilledSteezeSandwich]

I just sat down with a customer for awhile..now I'm going to make a lean cuisine..Beef tips with Portobello mushrooms...yuck..