NationStates Jolt Archive

http://www.diamonds.net/news/newsitem.asp?num=11821
Well, there's no way to verify if this will happen or not. However, these record prices are coming before the season with the peak demand for oil. If it does happen, all of us have to watch out.

double, triple. . .maybe it will help us get off the oil tit.

I can't wait till high oil prices make alternate sources of energy economically viable. Companies like Changing World Technologies can make oil from garbage and sewage here at home, and oil rich Saudi Arabia can go broke.

I can't wait till high oil prices make alternate sources of energy economically viable. Companies like Changing World Technologies can make oil from garbage and sewage here at home, and oil rich Saudi Arabia can go broke.
The Arab world going broke would be really, really, really bad for international security. They can live prosperously without oil, but only with some liberalization that is happening only now. If they go broke, think of it as al-Qaeda with a military.

I can't believe we haven't seriously funded alternate sources alreasy. The peak production of oil could happen as soon as 2010, and after that it will shrink to nothing... along with our almost entirely oil based economy. So next time you want to buy a Hummer or a Yukon, remember... THE OIL IS GOING TO RUN OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! leading to the collapse of the U.S. :eek:

The Arab world going broke would be really, really, really bad for international security. They can live prosperously without oil, but only with some liberalization that is happening only now. If they go broke, think of it as al-Qaeda with a military.
And targets that we can bomb the living shit out of.

Seriously though, you're probably right. I just really hate the Saudis. They are Al Quaeda's major sponosor.

And targets that we can bomb the living shit out of.

Seriously though, you're probably right. I just really hate the Saudis. They are Al Quaeda's major sponosor.


yup but remember more oil in alberta than iraq YEE HAW we be rich

Now, while I am not directly questioning their conclusion (as I believe it), I want to point out some possible bias. Goldman Sachs just bought a rather large wind energy firm, the first time since the 1980s that an investment firm bought out an entire company.

yup but remember more oil in alberta than iraq YEE HAW we be rich
More oil in Alberta? Why didn't we invade there? :D

And targets that we can bomb the living shit out of.

Seriously though, you're probably right. I just really hate the Saudis. They are Al Quaeda's major sponosor.
Only some of the family is. Besides, they are only sponsors. Now if you want to see al-Qaeda controlling the country, starve them of money.

More oil in Alberta? Why didn't we invade there? :D


Hmm good idea i would make a good terrorist too, I look like a typical white american and I am sure I could stop saying aboot and eh.

bye bye major yankee landmarks, good luck stopping me at the border. ;)

yup but remember more oil in alberta than iraq YEE HAW we be rich
That is in oil sands, however. It is still viable to extract, and it is a net energy producher. However, it is extremely expensive. Iraqi extraction costs are the cheapest in the world, costing only $0.05/barrel.

That is in oil sands, however. It is still viable to extract, and it is a net energy producher. However, it is extremely expensive. Iraqi extraction costs are the cheapest in the world, costing only $0.05/barrel.

Its umm not that expensive if you have $25 billion in oil sands production planned in the next few years.

Remember 5 bucks a barrel to produce when you got 50 dollars a barrel prices = very very large profits

hydrogen hydrogen hydrogen hydrogen hydrogen hydrogen etc. etc.

why give a reasoned argument when you can chant?

hydrogen hydrogen hydrogen hydrogen hydrogen hydrogen etc. etc.

why give a reasoned argument when you can chant?

ya sweet they will make most of that in alberta as well :cool:

Its umm not that expensive if you have $25 billion in oil sands production planned in the next few years.

Remember 5 bucks a barrel to produce when you got 50 dollars a barrel prices = very very large profits
Of course, larger can be made. Especially if the Iraqi government sells some oil fields to outside companies.

hydrogen hydrogen hydrogen hydrogen hydrogen hydrogen etc. etc.

why give a reasoned argument when you can chant?
You know that GM, Chrysler, and the US government signed a deal worth $88 million to put a fleet of hydrogen fuel cell vehicles on the road. The economy where I live will benefit greatly. There are only three R&D and production facilities of hydrogen cars that GM has in the world, and one of them is in a town fifteen minutes from me.

You know that GM, Chrysler, and the US government signed a deal worth $88 million to put a fleet of hydrogen fuel cell vehicles on the road. The economy where I live will benefit greatly. There are only three R&D and production facilities of hydrogen cars that GM has in the world, and one of them is in a town fifteen minutes from me.

Yeah, I heard and was very very pleased. I have supported the use of hydrogen since I first heard of it as a power source.

Yeah, I heard and was very very pleased. I have supported the use of hydrogen since I first heard of it as a power source.
But I consider future energy sources like an investment portfolio: no one source is best, but a variety of sources is most stable in supply, and most likely to grow in the long term.

But I consider future energy sources like an investment portfolio: no one source is best, but a variety of sources is most stable in supply, and most likely to grow in the long term.

it is interesting how much the "everything in moderation" applies to all aspects of life.

it is interesting how much the "everything in moderation" applies to all aspects of life.
Yes it is.

Any other thoughts?

How might this affect the global economy? I'm no economist, but it seems to me that developing nations, Africa, China and South America all rely heavily on oil exports and imports. Sure, we've got the technology to bounce back, but what about them?

How might this affect the global economy? I'm no economist, but it seems to me that developing nations, Africa, China and South America all rely heavily on oil exports and imports. Sure, we've got the technology to bounce back, but what about them?
I guess they will have to try and grin and bear it. This also happened, however, with the oil crises of the seventies. Back then, much of the world was unable to handle it. Today, much better financial conditions and global interconnectivity make a shock survivable, and not fatal.

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After the announcement, oil shot up 2.5%. I wonder if Goldman Sachs has a big share in oil futures/companies and wants them to go up by acting as a "cheerleader" for expensive oil, like Credit Suisse did with the dot-coms in 2000.

After the announcement, oil shot up 2.5%. I wonder if Goldman Sachs has a big share in oil futures/companies and wants them to go up by acting as a "cheerleader" for expensive oil, like Credit Suisse did with the dot-coms in 2000.
As I said, they are the majority shareholder in a wind energy firm. Nevertheless, if consumption increased continue to outpace production increases, we could all be in a spot of trouble.

Here's something I found:

"The Goldman Sachs Natural Resources iShares (IGE) offers superior diversification benefits when compared with most other ETFs that we follow. The fund invests mostly in oil-related industries. Oil stocks comprise 61.1% of the fund, with oil service firms accounting for an additional 13.6%"

So, at least one fund is 75% dependent on oil, so a conflict of interest can be sensed.

Here's something I found:

"The Goldman Sachs Natural Resources iShares (IGE) offers superior diversification benefits when compared with most other ETFs that we follow. The fund invests mostly in oil-related industries. Oil stocks comprise 61.1% of the fund, with oil service firms accounting for an additional 13.6%"

So, at least one fund is 75% dependent on oil, so a conflict of interest can be sensed.
It's entirely possible, but we cannot automatically discount the possibility that this may be true. Nevertheless, I'm sure other analysts will reach their own conclusions in the coming days. We will go from there.

That analysis, appearantly, may have arrived.
http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20050402/ROIL02/TPBusiness/MoneyMarkets

It's entirely possible, but we cannot automatically discount the possibility that this may be true. Nevertheless, I'm sure other analysts will reach their own conclusions in the coming days. We will go from there.

I might be jumping the gun, but I did lose a lot of money in 2000 after the
NASDAQ crash, so I tend to take a hostile view of company analysts who are pushing anything. So, it will be best to see how it plays out.

I might be jumping the gun, but I did lose a lot of money in 2000 after the
NASDAQ crash, so I tend to take a hostile view of company analysts who are pushing anything. So, it will be best to see how it plays out.
I'm sorry, but I have little sympathy for you on that. When companies with names like ziggopolous.com start popping up like weeds, you know that there is a bubble. Besides, everyone knew that the internet had its limits.

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I'm sorry, but I have little sympathy for you on that. When companies with names like ziggopolous.com start popping up like weeds, you know that there is a bubble. Besides, everyone knew that the internet had its limits.

The only downside for me was that the profitable ones were drug down with the dot-bombs. I'll admit though, I did own JDS Uniphase and CMGI, so I'm not totally blameless.

;) http://www.diamonds.net/news/newsitem.asp?num=11821
Well, there's no way to verify if this will happen or not. However, these record prices are coming before the season with the peak demand for oil. If it does happen, all of us have to watch out.
Damn! I read "double" and thought the thread was more interesting.

Oh, well. ;)

The only downside for me was that the profitable ones were drug down with the dot-bombs. I'll admit though, I did own JDS Uniphase and CMGI, so I'm not totally blameless.
Well, you're right about that. But that's a benefit of buying before the bubble, and hopefully selling it at the height of that bubble.

Well, you're right about that. But that's a benefit of buying before the bubble, and hopefully selling it at the height of that bubble.

The sad thing was, no one wanted to believe it was. I can't remember the number of times I heard (and said :( ) "it's different this time" or "earnings don't matter, mindshare and revenue growth do".

The sad thing was, no one wanted to believe it was. I can't remember the number of times I heard (and said :( ) "it's different this time" or "earnings don't matter, mindshare and revenue growth do".
How foolish we all were.

How foolish we all were.

Still, they were good times. Any party has to end, and that one did with a bang.

You all seem to forget or ignore that al qaeda et al. only exist because of US meddling in the middle east.

No oil => no us meddling => no terrorist threat.

Well, we'd have to pull our support from israel, but israel's foes would be bankrupt.

Still, they were good times. Any party has to end, and that one did with a bang.
I guess. Well, right now, we are probably seeing a bubble right now. There's a bubble in housing prices, commodities, and probably in the euro. They might not pop soon, but they will pop.

I guess. Well, right now, we are probably seeing a bubble right now. There's a bubble in housing prices, commodities, and probably in the euro. They might not pop soon, but they will pop.

Rising interest rates will do it. Still, I hope they have a "soft landing" rather than a crash. Commodities will fall as the dollar strengthens, and the Euro will be drug down by the rising rates plus the fact that Euro zone economies are anemic compared to the US.

I also thought I heard that Goldman Sachs locked in a long position on crude oil at $60 a barrel.

I also thought I heard that Goldman Sachs locked in a long position on crude oil at $60 a barrel.


Their prediction definitely helped close this gap. We'll likely see $60, but I don't think it wil hold.

Their prediction definitely helped close this gap. We'll likely see $60, but I don't think it wil hold.
It'll probably hover there a couble of weeks for May, though. Imagine what the gas prices willl be like. :headbang:

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