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Author Topic: Predicted US oil glut a boon to those who move it Back to Topics
medic6133
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New York

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Message Posted: Nov 18, 2012 10:54:36 AM

An anticipated surge in U.S. oil output to the highest levels in the world would give a boost to those who move crude to where it can be turned into finished products and even shipped abroad.
Visit Reuters for full article
REPLIES (newest first) Post a Reply
DrCashFlow
Champion Author Massachusetts

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Message Posted: Nov 20, 2012 4:56:19 AM

please don't let this get out of control
DanMtz
Champion Author Oakland

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Message Posted: Nov 19, 2012 8:19:39 PM

Abundant fuel should be a good news across the board.
teenitup
Champion Author Houston

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Message Posted: Nov 19, 2012 9:21:40 AM

Build Keystone!
335d1
Champion Author Virginia

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Message Posted: Nov 19, 2012 8:46:56 AM

And hopefully for those who use it. Prices ought to head down.
Yooperheart
Champion Author Michigan

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Message Posted: Nov 19, 2012 8:26:32 AM

Good time to be a teamster.
WalRus49
Champion Author Boston

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Message Posted: Nov 19, 2012 7:53:40 AM

More organized mayhem and pillage........................
Point__man
Champion Author Raleigh

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Message Posted: Nov 19, 2012 7:25:43 AM

Time for all Americans to switch their focus from being subjected to high petroleum prices to investing in and taking advantage of them. Something we all should have been doing for many years ;)
MAC48
Champion Author Dallas

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Message Posted: Nov 19, 2012 6:06:36 AM

The vast increase in the domestic production of crude oil and natural gas over the last five years coupled with the projections of increasing future crude oil and natural gas production kind of makes one want to put a few dollars into pipeline and railroad oriented mutual funds or ETFs does it not.
djgunrunner
Champion Author Salt Lake City

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Message Posted: Nov 19, 2012 4:57:03 AM

To bad it cannot be a boon to the average American who continues to be gouged by $2.00 a gallon even with falling gas prices.
roadrunnerMO
Champion Author Kansas

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Message Posted: Nov 19, 2012 1:42:46 AM

Remember we need more refineries soon as well. No new refineries in 35 years is not good.
Bearcat500
Champion Author Cincinnati

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Message Posted: Nov 19, 2012 1:29:29 AM

OK
qwerty17
Champion Author New Jersey

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Message Posted: Nov 18, 2012 11:11:14 PM

glut is good.
dh0770
Champion Author Colorado

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Message Posted: Nov 18, 2012 9:24:11 PM

Of course, there are enough middle men that by the time we pump it in our vehicles we'll never see any savings.
YumaFellow
Champion Author Arizona

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Message Posted: Nov 18, 2012 8:33:38 PM

While it may be a boon to the railroads to be hauling oil products, there is some question about the safety of one of the most widely used tank cars.
TableTalk
Champion Author Virginia

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Message Posted: Nov 18, 2012 7:20:57 PM

Trickle down economics...
MrLefty0706
Champion Author Chicago

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Message Posted: Nov 18, 2012 7:02:56 PM

The U.S. should impose higher stockpile reserves before the glut is shipped overseas.
Gassed01
Champion Author Toronto

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Message Posted: Nov 18, 2012 6:30:03 PM

Who would have thunk this 5 years ago.
mike56MI
Champion Author Michigan

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Message Posted: Nov 18, 2012 5:45:41 PM

OK
djwhit
Champion Author Ohio

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Message Posted: Nov 18, 2012 5:22:26 PM

THEN GET IT DONE............
evowner
Champion Author Salem

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Message Posted: Nov 18, 2012 4:14:46 PM

Leaving the imaginary free market forces work, make for very wealthy oil cartels.
1970vette
Veteran Author Nevada

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Message Posted: Nov 18, 2012 3:27:43 PM

good for the shippers
fuel2use
Champion Author Seattle

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Message Posted: Nov 18, 2012 3:24:48 PM

So true.
rjojo40
Champion Author Las Vegas

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Message Posted: Nov 18, 2012 2:51:01 PM

Store it, use our own refinery's. I mean Glut or not keep this crude at home sort of crude hoarders. Question? does crude go bad?
bcline909
Veteran Author Virginia

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Message Posted: Nov 18, 2012 2:47:15 PM

moneymoneymoney
gizbo123
Champion Author Los Angeles

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Message Posted: Nov 18, 2012 2:46:46 PM

So now we can stop importing?
doggod
Champion Author Anchorage

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Message Posted: Nov 18, 2012 2:44:31 PM

An even bigger boost to the politicians who have now rigged things so nobody can do anything productive without greasing their palms, either directly or indirectly.

bluetruck54
Champion Author Quad Cities

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Message Posted: Nov 18, 2012 2:44:25 PM

all you need is a refinery....
Zeke33
Champion Author New Hampshire

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Message Posted: Nov 18, 2012 2:41:27 PM

They key is the refinery's output capacity.
leraar2
Champion Author Massachusetts

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Message Posted: Nov 18, 2012 2:27:10 PM

so let's build refineries ON THE TRAJECTORY between the oilf fields
and the population centers where it will be used.

not on the coastline where it will be exported.
SammyAdams
Champion Author Tallahassee

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Message Posted: Nov 18, 2012 2:21:42 PM

From the article: "David Fann, who runs TorreyCove Capital Partners, a San Diego, California, private equity consulting firm, put the blame for a recent de-emphasis of clean tech squarely on fracking.

"Clean technology only works when people expect that we are going to be constrained on the energy side," he said. "The idea now that we have 100 years' supply of natural fuel sources is in many ways a game-changer in how we are going to think about the energy industry."

"The urgency to adopt clean tech has changed," he added. "Its costs relative to other sources make it harder for us to adopt."

=========================================================

Having the U.S. assume leadership of energy production and regain the manufacturing base that made us an economic power would restore the prosperity of America. And when energy production is unfettered, "green" technology will fall by the wayside, because it just cannot compete without the fearmongering of the radical MSM and the government subsidies associated therefrom. With the stealing of the Presidency and re-election of BO, the smart money would bet on the EPA ruining the "fracking" industry.
Ken2OD
Champion Author Grand Rapids

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Message Posted: Nov 18, 2012 1:18:28 PM

Sounds just like Alaska when they first started the pipeline.
jimgraham
Champion Author Akron

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Message Posted: Nov 18, 2012 12:46:56 PM

Train and tank truck traffic will boom and get hectic for a while! That will go bust as soon as the new pipes start moving the oil.

Then what?
teenitup
Champion Author Houston

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Message Posted: Nov 18, 2012 12:46:55 PM

Fantastic.
humblepie
Champion Author Toledo

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Message Posted: Nov 18, 2012 12:45:26 PM

jimmy and warren buffet both rejoice
Yooperheart
Champion Author Michigan

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Message Posted: Nov 18, 2012 12:40:53 PM

Just like in the movie Madagascar, you got to move it!
Ply440GTX
Champion Author Kansas

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Message Posted: Nov 18, 2012 12:35:49 PM

How will this affect consumer prices here...?
BuckyTJones
Champion Author Salt Lake City

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Message Posted: Nov 18, 2012 12:27:55 PM


We all could use a little good news right now.
cdrrod
Champion Author Wisconsin

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Message Posted: Nov 18, 2012 12:17:43 PM

Beneficial to all concerned...
walkingtall
Champion Author Toronto

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Message Posted: Nov 18, 2012 12:12:04 PM

Good for every business.
tnfran
Champion Author Arizona

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Message Posted: Nov 18, 2012 12:08:53 PM

Good, good , good. Keep it coming.
playtimeCLE
Champion Author Cleveland

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Message Posted: Nov 18, 2012 11:52:50 AM

Maybe the railroad companies will start hiring.
Lugi1967
Champion Author Ohio

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Message Posted: Nov 18, 2012 11:52:40 AM

Good for the USA economy
Radar1992
Champion Author Virginia

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Message Posted: Nov 18, 2012 11:48:08 AM

If you drill for it...the profits will come....Amazing....
Cellsite
Champion Author Appleton

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Message Posted: Nov 18, 2012 11:47:23 AM

Good! Keep on drillin' and build the pipelines.
gfox4810
Champion Author Kalamazoo

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Message Posted: Nov 18, 2012 11:09:36 AM

good
MrDeath666
Champion Author Houston

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Message Posted: Nov 18, 2012 10:58:53 AM

This helps every business.
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