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Post by clinton on Jan 4, 2015 10:50:47 GMT -5
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Post by clinton on Jan 6, 2015 7:35:28 GMT -5
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Post by clinton on Jan 6, 2015 7:35:48 GMT -5
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Post by clinton on Jan 8, 2015 11:55:25 GMT -5
KWK halted!
Might be the next BK!
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Post by walnut on Jan 8, 2015 11:59:17 GMT -5
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Post by clinton on Jan 8, 2015 12:12:50 GMT -5
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Post by walnut on Jan 8, 2015 12:21:55 GMT -5
buh-bye
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Post by clinton on Jan 20, 2015 7:24:29 GMT -5
HAL Halliburton beats by $0.09, revenue in-line Halliburton (NYSE:HAL): FQ4 EPS of $1.19 beats by $0.09.Revenue of $8.8B (+15.2% Y/Y) in-line.Shares +1.6% PM.
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Post by Herceg on Jan 20, 2015 9:43:26 GMT -5
John Hofmeister attracted national attention in 2010 when he predicted that average U.S. gasoline prices would soar to $5 a gallon in 2012, thanks to rising crude oil prices. His forecast fell short, as the cost of filling up flirted with $4 in 2012, but never went higher.
Now, with gasoline prices at $2.14, their lowest level since May 2009, the former president of Shell Oil is issuing another warning, telling motorists that their joy ride may end sooner than they think.
"The next round of high prices is likely to start later this year, as crude rebounds to the $80s and $90s, perhaps pushing to the $100 level by late in the year or early next," Hofmeister told me the other day after a trip to Calgary, where he was promoting natural gas as a transportation fuel.
"The triggering mechanism will be global demand growth relative to how much capital constraint gets baked into future plans for production this year and next. If new production capital is deferred and demand growth continues at 2% or more, we'll see capacity constraints during 2016, an election year of course, drive prices higher. Whether we reach $4 a gallon or push past, it's too early to tell."
Moreover, Hofmeister still sees $5 gas on the horizon.
"Over the next several years, as demand growth approaches 100 million barrels a day and the industry production falls short, yes, I believe later this decade we'll see $5 a gallon and possible shortages of fuel in some parts of the world," he said.
Hofmeister paints a gloomier picture of gasoline prices than many analysts, including the U.S. Energy Information Administration, which predicts U.S. gasoline prices will average $2.33 this year and $2.72 in 2016. But he also feels that the perception of a "glut" in world oil production now is overstated, with supply outpacing demand by only 1 million barrels a day or so.
Some of his former peers in the oil sector share his sentiments regarding the oil oversupply, and its impact on oil prices.
"Most of us in the industry are surprised that it's fallen as hard and fast as it has," Ryan Lance, CEO of ConocoPhillips, said at a Center for Strategic and International Studies. "I don't know that I have a real good answer to that question, other than it doesn't feel like the fundamentals would support that kind of fall."
Like Hofmeister, Lance said oil prices could rebound faster than anticipated, as they did in 2009, following the Great Recession.
"People were worried about the global economy, and prices went to $30, $40 a barrel, and just a matter of months later, it was back to $100 a barrel," he said. "And that's the kind of volatility we're in, when we see these imbalances that are created, even though they are relatively small in absolute terms."
Still, Hofmeister sees a solution to end the roller-coaster pattern to oil and gasoline prices: natural gas.
Since retiring from Shell in 2008, he's been actively promoting natural gas as a transportation fuel, as the head of an organization called Citizens for Affordable Energy.
"I believe that with the right focus and development of the natural gas fuels market, we could begin to reduce global demand for oil from the 100-million-barrels-a-day level around 2020 to lower demand levels by substituting natural gas fuels," he said. "We could pull it back to 90, 80, even 70 million barrels a day over the next two to three decades, taking enormous pressure off chronic high oil prices."
In the meantime, though, his advice to motorists regarding gasoline is simple: "Enjoy the price, because it's going to go back up."
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Post by clinton on Jan 28, 2015 1:11:21 GMT -5
More good news ahead for U.S. refiners, Barclays says Few energy plays have held up as well of late as U.S. refiners such as Valero (NYSE:VLO), Tesoro (NYSE:TSO) and Marathon Petroleum (NYSE:MPC), and Barclays analysts see more strength ahead for the group.For a refiner the price of oil is an input, so cheaper oil cuts its costs, and U.S. refiners generally do better when the price difference between U.S. crude and international benchmarks is widening - and that’s exactly what Barclays believes will happen.Brent-LLS and Brent-WTI Cushing spreads have tightened significantly in recent weeks, but the firm thinks the differentials are unsustainable; storage capacity at Cushing and the Gulf coast will inhibit the ability to store excess barrels indefinitely, and the upcoming turnaround season should expedite the speed at which Cushing and Gulf coast inventory meets maximum storage capacity, eventually forcing differentials to re-widen and begin to reflect transportation costs.In conclusion, Barclays believes U.S. independent refiners will benefit from the re-widening of North American differentials in the coming months.
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Post by walnut on Jan 28, 2015 10:24:32 GMT -5
I am kinda hating to see oil continue to drop, being in OK, there was so much economic activity happening around here and prosperity but I can't see how that will continue. Back to the grindstone I guess.
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Post by clinton on Jan 28, 2015 10:44:43 GMT -5
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Post by huh on Jan 28, 2015 11:44:31 GMT -5
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Post by novie08 on Jan 28, 2015 17:44:12 GMT -5
This seems like DEFLATION to me; what do y'all think? Logically, we'd be seeing lower food prices but that isn't happening.
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Post by PoorHomey on Jan 28, 2015 18:04:21 GMT -5
Cheapest gas I've seen so far is $1.48/gallon. Lots of places around $1.51-$1.60.
Sent from my SM-N910P using proboards
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Post by huh on Jan 28, 2015 19:49:03 GMT -5
This seems like DEFLATION to me; what do y'all think? Logically, we'd be seeing lower food prices but that isn't happening. At least it's it's something deflating that we can all benefit from. Home prices deflating is the bad kind of deflation. I don't care what anyone says, lower oil is good for the economy. Maybe not the market or the drillers, but the overall economy. Saudi's said years ago that they're fine with $25 oil. So why has the world been paying more? (rhetorical question - I know why)
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Post by novie08 on Jan 28, 2015 21:54:48 GMT -5
Cheapest gas I've seen so far is $1.48/gallon. Lots of places around $1.51-$1.60. Sent from my SM-N910P using proboards Great to see you PH; hope you're doing well. Prices here nowhere near that but we do have 1.999 and S.C. is much lower in places.
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Post by clinton on Jan 29, 2015 13:45:40 GMT -5
Petrobras resumes slide after another analyst downgrade Petrobras (PBR -0.6%) bounces off sharply early lows as HSBC became the latest in a string of analysts expressing cautious or outright bearish sentiment toward the Brazilian company.The firm cut shares to Underweight from Neutral after BMO similarly lowered its rating to Underperform from Market Perform.Shares tumbled 10% yesterday after PBR’s Q3 earnings report failed to include an expected impairment charge on assets allegedly affected by the massive corruption scheme.Meanwhile, former CEO Jose Sergio Gabrielli reportedly has had his assets frozen by a Brazilian court as part of the corruption probe.
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Post by clinton on Jan 30, 2015 9:01:29 GMT -5
Chevron Reports Fourth Quarter Net Income of $3.5 Billion and 2014 Earnings of $19.2 Billion Fri January 30, 2015 8:30 AM|Business Wire | About: CVX Fourth quarter earnings include gains on asset sales of $570 million net of impairments and other charges
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (CVX) today reported earnings of $3.5 billion ($1.85 per share diluted) for fourth quarter 2014, compared with $4.9 billion ($2.57 per share diluted) in the 2013 fourth quarter. Foreign currency effects increased earnings in the 2014 quarter by $432 million, compared with an increase of $202 million a year earlier.
Full-year 2014 earnings were $19.2 billion ($10.14 per share diluted) compared with $21.4 billion ($11.09 per share diluted) in 2013.
Sales and other operating revenues in fourth quarter 2014 were $42 billion, compared to $54 billion in the year-ago period.
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Post by novie08 on Jan 30, 2015 11:38:29 GMT -5
This seems like DEFLATION to me; what do y'all think? Logically, we'd be seeing lower food prices but that isn't happening. Found a sensible explanation and posted it in the Lounge for whoever's interested. Unfortunately, the world is beginning to implode.
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