Five (5) Causes that led to Oil's Collapse

[errolanderson]

This is a very well written article by John Kemp of Thompson Reuters that offers a clear, but simplified reasoning for oil's global collapse.

http://blog.financial.thomsonreuters.com/the-oil-crash-explained-5-causes-that-led-to-oils-decline/?cid=social_20150210_40259296&adbid=UPDATE-c1400-5970966812110630912&adbpl=li&adbpr=1400

[cottonpicken]

Don't tell the stock market,the industry is sitting around 28x earnings,from what i heard.

[mcdon]

Good article. Get the feeling oilseed market has entered similar phase. Usda reported today world stocks of 89 million tonnes, compares to 66 million last year. I think we have passed the tipping point. Oilseed market should take heed of what could possibly happen. If demand for corn by ethanol sector starts to wane, it could be the death knell for gain prices. It wasn't that long ago that demand for corn by ethanol was virtually zero.

[binthere]

just wondering why there is no mention of russian exports. as i understand oil and gas revenues generate over 50% of state revenue. being the largest producer globally at over 10 million bpd thats got to sting.

[rkaiser]

Two more simplistic points.

Deception - supply diminishing ---- LMAO

Suppression - alternative energy beyond fossil fuel - I guess they mentioned biofuel in the article but no mention of solar, wind etc. check out a guy named Doug Linman. His Solar Liquid Power along with many others with similar tech will take us out of the fossil fuel age.

[blackpowder]

I found interesting and balanced "confessions of a greenpeace dropout" by Patrick Moore, RKaiser.
Sensible exposure of solar wind power among other things.

[rkaiser]

Pretty good stuff blackpowder. Sticking to the energy thing, I would agree with the renewables like wood and hydro and certainly not a fan of Gore or any of the global warming BS. Carbon is needed, concentration is a challenge. Bin to China and the sun is having a hard time reaching the windows. The problem with oil is more about money, control and greed, and of course the footprint/pollution. And this money has been used to suppress alternatives until those who control the money figure out how to control the "new."

As for the solar, I would like to invite you to watch the first 40 minutes of this video with a couple of friends I am working with at New Earth Nation. Doug is sending his tech into space in March, I believe, and we are seeking investment to make it mainstream.

Careful not to watch the whole video as you might get nightmares.

[cottonpicken]

Crude inventories came out,they where double for caste and now are at record highs.

Pretty worried about ethanol myself.

[cottonpicken]

Russian losses are somewhat offset by the currency decline.

[rkaiser]

Russia has a chance to bury the petro dollar and the banking cabal, and change the world for the better by selling oil for even less money. A couple of months should do it.

[cottonpicken]

Doubt they will completely bury it but they are setting up an alternative to the swift system,one more piece of evidence the world is going bipolar.

[rkaiser]

bipolar? rather then the hegemonic imperialist bankster led US military industrial complex and what's left of their EU partners?

[Hopperbin]

Obama is going to veto the keystone pipeline
Asking for ground troops
A solar farm just come online in california with enough output for 400, 000 homes.
Natural gas attempting at the pumps
If ethanol takes a hit things could get really bad

[Hopperbin]

Listenned to bnn in the bachground today
Appears lots of production coming online all over the world
The drilling rigs being idled are just the virtical ones. Horizontal drillers all working.
Fracking technology is the culprit.
Looks like oil should remain under 50 possibly nip at sub 40. At a new level. Ex wifes hou account is****ed forever.
China and the world is becoming more energy efficient. So expected oil demand is softenning.
Most metals pressured lower. Many miners in the red so not sure how sustainable that is. Usa trying to short canadian banks. Them shorts will be ****ed as they always have been before. Our banks are strongest ever all. Vw bought some ballard technology on fuel cells today. Converts fuel to electricity by some sort of chemical process. I dont understand why the teamsters are targetting cp they should get ordered back to work. Maybe they just need a holiday. No grains news.

[mcdon]

Reports of ethanol stocks building, no surprise there. Storage may become an issue, may be what turns the corn market lower.