Posted on 10/14/2014 6:04:38 AM PDT by ckilmer
You guys will want to read the whole piece. Cramer says what’s happening in the Permian is changing calculations all over the place.
The Rats can keep a lot of Canadian oil off the market by limiting the flow with the aid of their buddy ole Warren Buffet. The access to refineries in the Permian has been there for decades. I know, I grew up there. The libtards screwed up this time. By getting oil to the price they wanted they made frakking profitable. They tried to kill it and are trying to kill it like they did last time in the 70’s but this time it appears technology made it cheaper which wasn’t in their equation!
People we have exported American jobs to China now for more than one entire generation.
A massive communist country, now makes more than America makes.
Bring back American production. Stop importing everything.
this is the best way I can think of to destroy the Russian economy and bring Adolph Putin to answer for his disastrous policies.
The drop in oil is being accomplished in large part because the Saudis are dropping their prices to limit the expansion of foreign production and to prevent competitors from getting into the market
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One thing not mentioned here is that we are not exactly in an economic boom. GDP growth has been tepid at best in recent years. In fact, the world economy seems to be slowing down. All this lessens the need for oil.
But but but...
if oil becomes cheap, people won’t support “alternatives”.
Yep, that’s right. It’s a matter of worldview.
If you believe God created all of this and put us in it, then obviously the oil is here for us to discover and use - He actually MANDATES that we do.
If you believe the earth is a special kind of accident - it could be destroyed at the slightest misstep by Man, so Man must be strictly controlled by Those Who Know Better so as not to accidentally destroy the erf.
Ping!
Personally, I think he is wrong about cheap energy being a good thing. Cheap energy was one of His Blessings that when combined with His Blessing of Liberty was what made America. It will again, if “His People remember and call on Him”. That is ALL it will take and we can send the Rats scurrying. Please don’t talk to me about voting for Gillespie or McCain or whatever RHINO de jour. Thinking that if we just had the proper sort of congresscriminals would make a difference is right up there with”Next year in Jerusalem”.
Except 2 weeks ago there was an article about an oil field 10X the content of the entire gulf of Mexico region discovered in one of Russia's northern seas.
The real cause of the stock market fall is the fact that ISIS is selling oil at $30 a barrel on the black market. It has Saudi Arabia trying desperately to lock in its customers. ISIS is selling $3 million a day in oil.
Why isn’t the media reporting this? To prevent panic? To prevent war? Only the Shadow knows.
The real cause of the stock market fall is the fact that ISIS is selling oil at $30 a barrel
.............
ISIS doesn’t control enough oil to be market moving.
A massive communist country, now makes more than America makes.
Bring back American production. Stop importing everything.
Fracking is just starting up in China. Estimates are they will have enough oil to be fully independent for the next 80 years, once the industry takes root about 5 years from now.
The real cause of the stock market fall is the fact that ISIS is selling oil at $30 a barrel
.............
ISIS doesn’t control enough oil to be market moving.
The problem that Cramer is pointing to is that the Permian is on track to produce so much oil that they will collapse oil prices. and kill further production.
Export...................
Meanwhile America continues to shed jobs.
Bring back American jobs. Bring back American production.
Bring back American growth.
Russian cost/barrel are Putin’s problem; not supply.
totally agree. It may happen. In the last year, the outflow of jobs has gone net neutral.
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