Oil Slick Stuff

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I am NOT happy about that my friend but I am Happy about this!:suspicious:

Jan. 18, 2012, 12:01 a.m. EST
Oil and gas acquisition targets

By Kirk Spano
As discussed last week, improvements in hydraulic fracturing has led to vast opportunities for oil and gas service companies that can stay on the right side of the EPA. As most readers know, fracking is also providing significant growth for many oil and gas exploration and production companies in America. This rapid growth is now also creating the circumstances for increased mergers and acquisition activity.
Among the fastest growing oil and gas companies and those with the biggest potential are those involved with the Bakken and Three Forks formations in the Williston Basin of North Dakota and to a lesser extent Montana. North Dakota's rich reserves and friendly attitude towards drillers makes it a prime place for oil and gas production. As of last month North Dakota drillers reached 500,000 barrels of oil (and equivalents) per day of production. That curve, presuming no outright shut down of fracking by the Federal Government, appears likely to hit 1,000,000 barrels per day within a few years.
http://www.marketwatch.com/story/oil-and-gas-acquisition-targets-2012-01-18
 
nnuut said:
I am NOT happy about that my friend but I am Happy about this!:suspicious:

Jan. 18, 2012, 12:01 a.m. EST
Oil and gas acquisition targets

By Kirk Spano
As discussed last week, improvements in hydraulic fracturing has led to vast opportunities for oil and gas service companies that can stay on the right side of the EPA. As most readers know, fracking is also providing significant growth for many oil and gas exploration and production companies in America. This rapid growth is now also creating the circumstances for increased mergers and acquisition activity.
Among the fastest growing oil and gas companies and those with the biggest potential are those involved with the Bakken and Three Forks formations in the Williston Basin of North Dakota and to a lesser extent Montana. North Dakota's rich reserves and friendly attitude towards drillers makes it a prime place for oil and gas production. As of last month North Dakota drillers reached 500,000 barrels of oil (and equivalents) per day of production. That curve, presuming no outright shut down of fracking by the Federal Government, appears likely to hit 1,000,000 barrels per day within a few years.
http://www.marketwatch.com/story/oil-and-gas-acquisition-targets-2012-01-18
Click to expand...

Agreed. Most of the $$$ going into your gas tank is eventually sent to some Middle Eastern country that hates the USA, and is hell bent on destroying us. I believe that anything we can do to become less dependent on foreign oil, and to stop this flow of money out of our country is good for our future.
 
MrJohnRoss said:
Agreed. Most of the $$$ going into your gas tank is eventually sent to some Middle Eastern country that hates the USA, and is hell bent on destroying us. I believe that anything we can do to become less dependent on foreign oil, and to stop this flow of money out of our country is good for our future.
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EXACTLY MrJR, not to mention the JOBS!!! It's just politics-----AGAIN!:cool:
 
OIL Inventories DOWN for the week, price may be effected?
[TABLE="class: tablewrapper"]
[TR]
[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
[/TD]
[/TR]
[TR]
[TD="colspan: 2"]

[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released on 1/19/2012 11:00:00 AM For wk1/13, 2012
[/TD]

[TD="class: actual_consensus_box_numbers"]5.0 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] -3.4 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]3.6 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 3.7 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]4.0 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 0.4 M barrels
[/TD]
http://www.bloomberg.com/markets/economic-calendar/
[/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]
 
A great idea would be to use our natural gas HERE!!!!!!!!
EIA: U.S. Gas Exports to Boost U.S. Gas Prices
by Karen Boman
Rigzone Staff

Thursday, January 19, 2012

Increased natural gas exports from the U.S. will lead to higher natural gas prices, a recent report by the U.S. Energy Information Administration (EIA) has concluded.
Larger export leaders will lead to larger domestic price increases, while rapid increases in export levels lead to large initial price increases that moderate somewhat in a few years, EIA commented on Thursday.
"Slower increases in export levels lead to more gradual price increases but eventually produce higher average prices during the decade between 2025 and 2035," EIA said.
http://www.rigzone.com/news/article.asp?hpf=1&a_id=114429
 
Why Iran's President Wants to Bully the Oil World
by Barbara Saunders
Rigzone Contributor

Thursday, January 19, 2012

Really May Not Matter All That Much Anyway
Is this the real enchilada or just more bully talk from the challenged Middle East leader, whom top energy and strategic policy experts (below) suggest might be shooting himself in both feet, while strangling his nation's economy and hurting his own people?
How would oil prices and supplies be affected if Iran's Ahmadinejad actually kept threats that seem to be mostly his government's, but possibly not most of his people's or definitely not most of the rest of the world's?
And, how is the oil market poised, anyway, as the year 2012 gets off to a bit too booming of a start?ike a powder keg with gasoline too nearby, Big Guns pile up in and around the Persian Gulf as Iran's current head of state, President Mahmoud Ahmadinejad, keeps making warlike noises about blocking the vitally important Strait of Hormuz – through which about 25 percent of the world's economy-driving oil supply must passAnd Why It Really May Not Matter All That Much Anyway And Why?
http://www.rigzone.com/news/article.asp?hpf=1&a_id=114403
 
My thoughts on this are, this is only political and against the betterment of out economy and will result in higher energy costs and an obvious decline in Jobs in the USA.
:nuts:
 Obama Administration Rejects Keystone XL
by Matthew V. Veazey Rigzone Staff
January 18, 2012
The U.S. State Department on Wednesday formally recommended that President Obama deny granting a presidential permit for TransCanada's proposed Keystone XL oil pipeline, which would carry diluted bitumen from Canada's oil sands to U.S. Gulf Coast refiners. Moreover, the agency advised Obama that the project is not in the national interest.
"As the State Department made clear last month, the rushed and arbitrary deadline insisted on by Congressional Republicans prevented a full assessment of the pipeline’s impact, especially the health and safety of the American people, as well as our environment," Obama said in a prepared statement.
The State Department, which has jurisdiction over the project because the pipeline would cross an international border, contends that it had insufficient time to collect enough information to determine if the project in its current state is in the national interest.
Click to expand...
http://downstreamtoday.com/news/article.aspx?a_id=35251&AspxAutoDetectCookieSupport=1
 
nnuut said:
My thoughts on this are, this is only political and against the betterment of out economy and will result in higher energy costs and an obvious decline in Jobs in the USA.
:nuts:
Obama Administration Rejects Keystone XL
by Matthew V. Veazey Rigzone Staff
January 18, 2012
http://downstreamtoday.com/news/article.aspx?a_id=35251&AspxAutoDetectCookieSupport=1
Click to expand...

Agreed. :mad:
 
nnuut said:
My thoughts on this are, this is only political and against the betterment of out economy and will result in higher energy costs and an obvious decline in Jobs in the USA.
:nuts:
 Obama Administration Rejects Keystone XL
by Matthew V. Veazey Rigzone Staff
January 18, 2012
http://downstreamtoday.com/news/article.aspx?a_id=35251&AspxAutoDetectCookieSupport=1
Click to expand...

It would have been interesting to see where they plan to route the pipeline. Since they don't even have a route yet, it is physically impossible to make a determination as to whether or not the proposed (the route of which isn't even proposed yet- the republican governor of Nebraska demanded it be moved) path meets environmental standards.

The pipeline will be built- WHEN it meets environmental standards and passes it's normal review process.

Of course- building the pipeline would mean significantly higher gasoline prices in the USA.

 
Last edited:
Oil futures fall over $2, set for loss on week

By Myra P. Saefong and Michael Kitchen, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures fell by more than $2 a barrel Friday as concerns over Greece’s debt crisis and weak U.S. gasoline demand helped set prices up for a loss on the week.
Crude oil for February delivery lost $2.26, or 2.3%, to trade at $98.13 a barrel on the New York Mercantile Exchange. Prices were trading around 0.6% lower for the week.
http://www.marketwatch.com/story/oil-futures-edge-higher-as-dollar-weakens-2012-01-20
 
nnuut said:
Oil futures fall over $2, set for loss on week

By Myra P. Saefong and Michael Kitchen, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures fell by more than $2 a barrel Friday as concerns over Greece’s debt crisis and weak U.S. gasoline demand helped set prices up for a loss on the week.
Crude oil for February delivery lost $2.26, or 2.3%, to trade at $98.13 a barrel on the New York Mercantile Exchange. Prices were trading around 0.6% lower for the week.
http://www.marketwatch.com/story/oil-futures-edge-higher-as-dollar-weakens-2012-01-20
Click to expand...

Too bad it won't result in immediate relief at the gas pump.:mad:
 
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