Replies to post #14865 on Kentucky Energy (fka QMIN)

[t_b1209]

Where did you get the word that oil will skyrocket after the election ?? Thats something I havnt heard anywhere. Q has had a standing order for all the coal they can produce , it's not the supply and demand side of the business hurting Q , It's Q itself!

[Pedro2004]

Quite a few people make the same mistake as you have.

Just because the BK Business Plan is accepted does not mean Gwenco will come out of BK.

Gwenco will remain in BK for quite some time after the BK Business Plan is accepted.

[KingofPennies]

He's pulling at straws. Last week he was maing claim to a "fact" that Eugene wasn't in charge of QMNM when the 2 R/S's occurred last year. That was absoultely not the case. Now he's trying to say that that everything will be all fine and dandy with the BK. How can anyone believe that? Plus, he now has "secret" information? Come on, dude. This is all hype just to get more people to buy in and help him get out from his position. They only thing that one should be listening to are the numbers that QMNM is reporting and those numbers are pathetic.

[aharfo56]

We don't know that demand will spike this winter; oil is down to $64 a barrel, and we are getting started with the "drill, baby, drill" campaign. It might take several years, but I don't see how those opposed to drilling can say that an additional 4 million barrels of refined oil (out of the 20 million per day we currently use) will not put a DENT in prices...if you increase supply by 25% that will surely put a dent in prices...might also keep those OPEC nations in line since they'll realize we eventually won't need them anymore and they can go back to living in the desert and riding camels. I have a friend from Saudi Arabia who showed pictures of what it was like 40 years ago and then today. 40 years ago they were living in mud huts out in the desert. Today they have skyscrapers...it's all because of oil, mostly bought by the U.S.

Anyway, back to topic. Don't assume you'll know where demand will be. Remember back in the 1970's when oil spiked for almost a decade and then went to $10 a barrel in the early 80's? It's nearly impossible to predict, though we're certainly not going to stop using coal and oil anytime soon...something to think about. Fuel usually does go up a bit in the winter, but in this market the fundamentals don't make any sense...