With the ppb who be stupid enough to sell oil wells...the only reasons to sell them would be is if the electricity bills were too high, chemicals used to extract were too costly if low producers or labor too expensive or combination of any or all above. Any idiot can make money with the cost of oil being what it is. Does anyone really think this jack*** is going to dump his crap? What are any of you thinking? He'll play the game knowing full well that his oil is rising in value everyday the black gold is traded on the world spot markets by pin head traders jacking it up. Why would he be in a hurry to dump his leases. This is the same old game just another 8 months later that's why I left in the first place left all the drama behind. I check back same old crap just later in days LOL.
I predicted oil would hit $100 18 months ago now you will see $150 and then eventually maybe $200 next 18 months.
Look for gas lines to be like the 70's with pissed off consumers paying over $5.00+ a gallon. People tapping the govt for food stamps and Sec 8 housing vouchers, unemployment, recession, crime will go up, food prices skyrocket, stock market tanks.
You know we spend billions of dollars for war in Iraq and liberated Iraqis and lost thousands of good american soldiers... and Iraq is sitting on 2nd largest oil deposits in the world. Why don't they cut us a deal since american people,taxpayers and soldiers liberated them? Where is the payback I don't get it?
I've got a better idea how about engaging the draft build the army and marines stand up fighting soldiers to over 4 million+ soldiers boots on the ground and send them into the middle east/africa/south america. Clean out every one of them hand to hand if need be from Syria to Iran, Afghanistan, Pakistan, Palestine, Lebanon, Venezuela and Yemen. Seashores to Mountaintops leave nothing behind clean them out. If need be leave troops in there afterward and reconstruct their countries just like we did in WW2 with Japan and Germany.
All of you know that we we are in a war right? Why do you think Iran is funding Shiites all over Iraq because they want us to bleed and they know we're sitting across their border on the the 2nd biggest oil reserve in the world. What happens when we pull out? Their influence grows through radical fundamentilism they get access themselves to Iraqs oil over time something they don't have alot of. This chickenshit approach to the Iraq war is only causing the oil markets to roll higher. If your in the game you end it..we have been at war with these mullahs and their religion from Iran since the days they seized our Embassy in Iran and took power...then came Lebanon and over 200 marines were blown up then we left, then Khobar, 2 embassies in Africa, Somalia,USS Cole and 17 sailors, 911 3,000 Americans (al quaida not iran) now close to 4,000 brave american soldiers in Iraq and Afghanistan. Where does this all end?
Do what is best for the american people screw the world...and who benefits from all this chaos for the US. It benefits the Chinese to have americans spending trillions to fight a half ass war with stretched troops, spending billions for homeland defense whatever the hell that is, oil markets running up causing the us economy to slide into recession, american dollar losing it's value and the chinese keeping the US in a trade imbalance and then buying back our debt. Their military inteligence and leadership also had the benefit of watching the greatest military in the world miscalculate 2 wars without enough troop strength and lack of planning to overwhelm the enemy. You don't think it benefits the Chinese/Russians to have chaos in the world for the US? Militarily these mullahs can be defeated but the US lacks the resolve to take care of situation...god days like these I wish MacArthur and Patton were back here today. Today our Military Generals are handcuffed with not enough fighting soldiers/personel to fight a global battle on several fronts like WW2 and a non-committed public who does not have the backbone nor the will to fight to the end. It needs to occur to be able to bring world peace. Who cares about the rest of the worlds reaction do what needs to be done...show what leadership is all about. World economies can collapse if the oil continues to rise and world conflicts will break out basically as you know it chaos in the worse way that the world has ever witnessed.
World markets will not return to normal until there is order and peace in far away countries far from our shores.
Consumption and availability has lots to do with the price along with spot traders little flies on the wall like this guy from BDGR and thousands of small oil operators can make money with these outraegous prices. Will Joe sell these wells? Not likely with oil continuing to spike until then I'll ignore this company. Why buy this guys stock which is worthless when one can buy their own wells and make real money with some hard work. The point I am making here is that people in the oil business are making money record profits all time highs. Why buy this stock and throw your hard earned money away? Why don't you the people that have lost hundreds of thousands of dollars form your own company hire oil professionals and get your own oil and gas. Why feed Joes machine pretty stupid move I think.
For what it's worth sorry for the length...and my very opinionated view of the world.
Maverick
