What are you doing right now?

[drjeff]

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]

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]

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]

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..

 

[severine]

Converting home movies to DVD.

 

[Moe Ghoul]

What increased supply?



Link

That estimate is prolly off the mark since most major deposits are nationalized and reserves are a guarded secret. And the low hanging fruit has been picked. Deeper, farther, and less productive wells are in the future. Brazil's latest offshore discovery is untappable with current technology due to extreme heat. A I recall, most oil is in a 7500-10,000 ft range referred to as the "oil window".

 

[GrilledSteezeSandwich]

About to go to the UPS store..then do a little filing to finish out the work day...I also might drive around and see how much gas is at all the stations..lol..or just hit up gasbuddy.com

 

[Moe Ghoul]

Eating a fried banana sammy with honey and cream cheese.

 

[hardline]

i just ordered some chinese because the pizza place doesn't deliver till 4.

 

[gmcunni]

Converting home movies to DVD.

if you don't mind, what kind of setup are you using to do this? i've been thinking about converting all our old videos on VHS and 8MM to DVD. I looked at a few options for connecting the VCR to a PC but didn't find anything i thought was affordable that would do the job.

 

[GrilledSteezeSandwich]

Thinking about hitting the local bar..but I may have to stop home first for a safety meeting..

 

[severine]

if you don't mind, what kind of setup are you using to do this? i've been thinking about converting all our old videos on VHS and 8MM to DVD. I looked at a few options for connecting the VCR to a PC but didn't find anything i thought was affordable that would do the job.

They're actually MiniDV movies. So I have the camcorder hooked up via firewire and I'm importing them into the PC, then making movies to put onto DVD. It's a long process, though, and I'm not really happy with the quality of the video I'm getting so far compared to what it was in its original form. But I want a backup and I've been meaning to do this for a long time.

 

[ctenidae]

I have switched gears and am now feeding my hatred of real estate investing.

 

[BeanoNYC]

I have switched gears and am now feeding my hatred of real estate investing.

Watching an episode of "flip this house" should help.

 

[drjeff]

In the countdown to the long holiday weekend! Charity golf tourney tommorrow for the local special needs kids sumer camp, so it's 2 more patients for the afternoon and then bring on the weekend!

Plus it's countdown to a few drinks with the office tonight. Traditionally this is the night where after a couple of drinks, my staff asks for raises

 

[GrilledSteezeSandwich]

In the countdown to the long holiday weekend! Charity golf tourney tommorrow for the local special needs kids sumer camp, so it's 2 more patients for the afternoon and then bring on the weekend!

Plus it's countdown to a few drinks with the office tonight. Traditionally this is the night where after a couple of drinks, my staff asks for raises

Give them some Nitrous and maybe they won't ask for a raise..

O.K. I'm at home right now..about to hit the bar for happy hour..half priced appetizers..Magic Hat #9..along with some Sauteed clams sounds good..alot less calories than wings..Tomorrow is a delivery day at work and then...the long weekend..Holla..

 

[BeanoNYC]

In the countdown to the long holiday weekend! Charity golf tourney tommorrow for the local special needs kids sumer camp, so it's 2 more patients for the afternoon and then bring on the weekend!

Plus it's countdown to a few drinks with the office tonight. Traditionally this is the night where after a couple of drinks, my staff asks for raises

So give them raises before they ask. 10% across the board! Viva la revolution!

 

[drjeff]

So give them raises before they ask. 10% across the board! Viva la revolution!

Based on the VERY GENEROUS contributions to their retirement accounts that they all received not too long ago(around 15% of 2007 gross pay in most cases), I doubt they'll be asking for a big raise Actually most of the time, they know the drill(no pun intended), since pretty much everyone in the office has their pay tied to a percentage of office productivity, so they know, if they're producing more and my partner and I are producing more that every Thursday they'll be see more in their paychecks.

I'm just looking forward to having 8 or 9 lovely ladies buy me a couple of beers tonight!

 

[drjeff]

Right now, writing up the last of the charts for the day, then a quick change out of the cow print scrub top I'm wearing today and into some "normal people clothes" and then off to happy hour(or more likely a happy 4 or 5 hours) with the office staff