Posted: 3/17/2005 5:27:39 PM EDT
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OPEC will have a good shot at tanking this economy. ANWR here we come. 
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I don't think Opec is doing anything other than pumping as much oil as they can. Not that it makes much difference. Drilling ANWR... doesn't make much difference either. Drill it, don't drill it... Unless we put more oil on the market than the market demands, we're going to see shortages and real price hikes at the pump, the kind that hurt. I guess we'll see what happens. |
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... Sometimes I wonder if oil will ever flow unimpeded from Iraq. It just seems those "insurgents" Muslim fundamentalist indigenous Iraqis, are Hell-bent on disrupting production until the last US boot is off the sand. ... To me, that's even more reason for a determined control and resolve over the situation. I just wish I knew what the end game-plan is there. |
Everything operates not on reality, but the perception of reality. Posit: People think a bank might be financially shaky. Consequence: People being to withdraw their money. Result: Soon it is financially shaky. Conclusion: You can make banks fail. Think bigger - stock market, currency market, commodities market... small countries?
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Immediate 500,000 barrels per day increase in output. You see, if they don't, they LOSE. Some where else, somebody will increase their output. Equatorial Africa, Russia etc. are all non-OPEC member areas that are hot. Let it stew at $50 a barrel so the investors will encourage drilling. |
Yea he is full of it as always. OPEC has excess production they have not touched yet. They CUT production 2 months ago by 1 million barrels a day. THERE IS NO SHORTAGE. I don’t see any lines anywhere. THERE IS NO SHORTAGE. What you have is a cartel manipulating prices. If ANWAR drilling has passed 4 years ago and the US had just 500,000 production up and running we would be seeing $30 oil right now. You cannot really blame OPEC because we are stupid. We know what we need to do we just will not do… drill and build Nuke plants. |
i like your thinking.
A large part of the increase is the decline of the dollar . One of the financial analysts on Fox had a graph with the adjustment for the weak dollar , it showed that the actual increase is around 2% . Which is below the normal annual increases . |
With a triple cone bit, you could easily get 20 feet per hour from spud in. After that, the increased string weight would probably shoot the ROP to well over 50 feet per hour. Triple cone bits crush instead of grind. Glass is no problem. |
Plus, the glass would only be a thin layer. 
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Depends on how Rummy is feeling when the big balloon goes up 
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