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Author	Topic: Predicted US oil glut a boon to those who move it	Post a Reply Back to Topics

medic6133 Champion Author New York Posts:1,120 Points:218,215 Joined:May 2012	Message Posted: Nov 18, 2012 10:54:36 AM Ignore medic6133 Report Abuse 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

medic6133

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New York

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

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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

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DrCashFlow Champion Author Massachusetts Posts:7,079 Points:1,630,050 Joined:Jun 2008	Message Posted: Nov 20, 2012 4:56:19 AM Ignore DrCashFlow Report Abuse please don't let this get out of control
DanMtz Champion Author Oakland Posts:3,370 Points:1,246,350 Joined:Oct 2009	Message Posted: Nov 19, 2012 8:19:39 PM Ignore DanMtz Report Abuse Abundant fuel should be a good news across the board.
teenitup Champion Author Houston Posts:1,681 Points:252,860 Joined:Sep 2012	Message Posted: Nov 19, 2012 9:21:40 AM Ignore teenitup Report Abuse Build Keystone!
335d1 Champion Author Virginia Posts:2,396 Points:761,970 Joined:Feb 2011	Message Posted: Nov 19, 2012 8:46:56 AM Ignore 335d1 Report Abuse And hopefully for those who use it. Prices ought to head down.
Yooperheart Champion Author Michigan Posts:3,435 Points:529,950 Joined:Feb 2010	Message Posted: Nov 19, 2012 8:26:32 AM Ignore Yooperheart Report Abuse Good time to be a teamster.
WalRus49 Champion Author Boston Posts:4,090 Points:871,790 Joined:Nov 2010	Message Posted: Nov 19, 2012 7:53:40 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage........................
Point__man Champion Author Raleigh Posts:4,350 Points:880,620 Joined:Oct 2010	Message Posted: Nov 19, 2012 7:25:43 AM Ignore Point__man Report Abuse 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 Posts:1,551 Points:769,545 Joined:Dec 2006	Message Posted: Nov 19, 2012 6:06:36 AM Ignore MAC48 Report Abuse 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 Posts:10,114 Points:2,351,530 Joined:Apr 2005	Message Posted: Nov 19, 2012 4:57:03 AM Ignore djgunrunner Report Abuse 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 Posts:8,421 Points:1,702,390 Joined:Jul 2008	Message Posted: Nov 19, 2012 1:42:46 AM Ignore roadrunnerMO Report Abuse Remember we need more refineries soon as well. No new refineries in 35 years is not good.
Bearcat500 Champion Author Cincinnati Posts:9,737 Points:1,634,120 Joined:Nov 2005	Message Posted: Nov 19, 2012 1:29:29 AM Ignore Bearcat500 Report Abuse OK
qwerty17 Champion Author New Jersey Posts:3,660 Points:1,120,375 Joined:Oct 2009	Message Posted: Nov 18, 2012 11:11:14 PM Ignore qwerty17 Report Abuse glut is good.
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Nov 18, 2012 9:24:11 PM Ignore dh0770 Report Abuse 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 Posts:1,305 Points:625,520 Joined:Jan 2011	Message Posted: Nov 18, 2012 8:33:38 PM Ignore YumaFellow Report Abuse 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 Posts:1,184 Points:558,700 Joined:Nov 2008	Message Posted: Nov 18, 2012 7:20:57 PM Ignore TableTalk Report Abuse Trickle down economics...
MrLefty0706 Champion Author Chicago Posts:1,459 Points:354,010 Joined:Apr 2012	Message Posted: Nov 18, 2012 7:02:56 PM Ignore MrLefty0706 Report Abuse The U.S. should impose higher stockpile reserves before the glut is shipped overseas.
Gassed01 Champion Author Toronto Posts:6,369 Points:1,805,715 Joined:Jan 2006	Message Posted: Nov 18, 2012 6:30:03 PM Ignore Gassed01 Report Abuse Who would have thunk this 5 years ago.
mike56MI Champion Author Michigan Posts:1,235 Points:311,265 Joined:Aug 2011	Message Posted: Nov 18, 2012 5:45:41 PM Ignore mike56MI Report Abuse OK
djwhit Champion Author Ohio Posts:3,027 Points:1,211,380 Joined:Jul 2009	Message Posted: Nov 18, 2012 5:22:26 PM Ignore djwhit Report Abuse THEN GET IT DONE............
evowner Champion Author Salem Posts:2,197 Points:362,185 Joined:May 2012	Message Posted: Nov 18, 2012 4:14:46 PM Ignore evowner Report Abuse Leaving the imaginary free market forces work, make for very wealthy oil cartels.
1970vette Veteran Author Nevada Posts:408 Points:311,060 Joined:Mar 2012	Message Posted: Nov 18, 2012 3:27:43 PM Ignore 1970vette Report Abuse good for the shippers
fuel2use Champion Author Seattle Posts:3,499 Points:735,345 Joined:Dec 2010	Message Posted: Nov 18, 2012 3:24:48 PM Ignore fuel2use Report Abuse So true.
rjojo40 Champion Author Las Vegas Posts:7,399 Points:1,078,565 Joined:Feb 2004	Message Posted: Nov 18, 2012 2:51:01 PM Ignore rjojo40 Report Abuse 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 Posts:401 Points:80,170 Joined:Nov 2012	Message Posted: Nov 18, 2012 2:47:15 PM Ignore bcline909 Report Abuse moneymoneymoney
gizbo123 Champion Author Los Angeles Posts:1,523 Points:1,754,790 Joined:Dec 2005	Message Posted: Nov 18, 2012 2:46:46 PM Ignore gizbo123 Report Abuse So now we can stop importing?
doggod Champion Author Anchorage Posts:2,863 Points:744,285 Joined:May 2009	Message Posted: Nov 18, 2012 2:44:31 PM Ignore doggod Report Abuse 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 Posts:1,482 Points:444,735 Joined:Apr 2010	Message Posted: Nov 18, 2012 2:44:25 PM Ignore bluetruck54 Report Abuse all you need is a refinery....
Zeke33 Champion Author New Hampshire Posts:5,586 Points:1,618,175 Joined:Sep 2005	Message Posted: Nov 18, 2012 2:41:27 PM Ignore Zeke33 Report Abuse They key is the refinery's output capacity.
leraar2 Champion Author Massachusetts Posts:3,779 Points:790,605 Joined:Mar 2011	Message Posted: Nov 18, 2012 2:27:10 PM Ignore leraar2 Report Abuse 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 Posts:3,071 Points:795,710 Joined:Nov 2010	Message Posted: Nov 18, 2012 2:21:42 PM Ignore SammyAdams Report Abuse 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 Posts:9,087 Points:1,974,865 Joined:Dec 2005	Message Posted: Nov 18, 2012 1:18:28 PM Ignore Ken2OD Report Abuse Sounds just like Alaska when they first started the pipeline.
jimgraham Champion Author Akron Posts:10,387 Points:1,982,885 Joined:Oct 2007	Message Posted: Nov 18, 2012 12:46:56 PM Ignore jimgraham Report Abuse 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 Posts:1,681 Points:252,860 Joined:Sep 2012	Message Posted: Nov 18, 2012 12:46:55 PM Ignore teenitup Report Abuse Fantastic.
humblepie Champion Author Toledo Posts:34,337 Points:2,375,145 Joined:Mar 2006	Message Posted: Nov 18, 2012 12:45:26 PM Ignore humblepie Report Abuse jimmy and warren buffet both rejoice
Yooperheart Champion Author Michigan Posts:3,435 Points:529,950 Joined:Feb 2010	Message Posted: Nov 18, 2012 12:40:53 PM Ignore Yooperheart Report Abuse Just like in the movie Madagascar, you got to move it!
Ply440GTX All-Star Author Texas Posts:960 Points:310,780 Joined:Feb 2009	Message Posted: Nov 18, 2012 12:35:49 PM Ignore Ply440GTX Report Abuse How will this affect consumer prices here...?
BuckyTJones Champion Author Salt Lake City Posts:4,932 Points:967,950 Joined:Mar 2010	Message Posted: Nov 18, 2012 12:27:55 PM Ignore BuckyTJones Report Abuse We all could use a little good news right now.
cdrrod Champion Author Wisconsin Posts:4,169 Points:786,700 Joined:Feb 2006	Message Posted: Nov 18, 2012 12:17:43 PM Ignore cdrrod Report Abuse Beneficial to all concerned...
walkingtall Champion Author Toronto Posts:4,014 Points:1,124,605 Joined:Nov 2004	Message Posted: Nov 18, 2012 12:12:04 PM Ignore walkingtall Report Abuse Good for every business.
tnfran Champion Author Arizona Posts:4,398 Points:846,090 Joined:Dec 2010	Message Posted: Nov 18, 2012 12:08:53 PM Ignore tnfran Report Abuse Good, good , good. Keep it coming.
playtimeCLE Champion Author Cleveland Posts:8,575 Points:1,547,300 Joined:Nov 2008	Message Posted: Nov 18, 2012 11:52:50 AM Ignore playtimeCLE Report Abuse Maybe the railroad companies will start hiring.
Lugi1967 Champion Author Ohio Posts:4,803 Points:1,005,170 Joined:Jun 2010	Message Posted: Nov 18, 2012 11:52:40 AM Ignore Lugi1967 Report Abuse Good for the USA economy
Radar1992 Champion Author Florida Posts:1,340 Points:313,090 Joined:Dec 2011	Message Posted: Nov 18, 2012 11:48:08 AM Ignore Radar1992 Report Abuse If you drill for it...the profits will come....Amazing....
Cellsite Champion Author Appleton Posts:1,244 Points:289,870 Joined:Jun 2012	Message Posted: Nov 18, 2012 11:47:23 AM Ignore Cellsite Report Abuse Good! Keep on drillin' and build the pipelines.
gfox4810 Champion Author Kalamazoo Posts:1,201 Points:398,675 Joined:Jul 2011	Message Posted: Nov 18, 2012 11:09:36 AM Ignore gfox4810 Report Abuse good
MrDeath666 Champion Author Houston Posts:1,631 Points:247,115 Joined:Sep 2012	Message Posted: Nov 18, 2012 10:58:53 AM Ignore MrDeath666 Report Abuse This helps every business.