Investing

[Screwball]

  

1 hour ago, Deleterious said:

So we are getting between 30 and 50 million barrels of oil from Venezuela?  We use 20 million barrels a day.  What's the point.  

So someone can make money?

Its always about money. There is a lot of irony in all this. Politically, especially given the imperialist nature of the USA going back the the PNAC clan, which spelled out world domination by military force if need be. What was it, Gulf war, ticker symbol HAL. Haliburton and the Cheney gang, originals of the PNAC world pillage operation. The goal was to control the resources. Black gold - Texas tea - Carlyle Group - Bush. Funny how this **** works.

The stock market is at all time highs (or close). What's not to like? Probably a lot not to like if you live in the real world which is everyone reading this and a ****load more.

It has always been about energy and other raw materials, but growth doesn't happen without energy. Who owns it, controls it, or steals it. This is what we do, but that doesn't mean we are too smart.

Energy needs? For who? And how? The amount of energy we consume, where does it come from, and who uses it?

When you think about it; the added demand from the newest thing, data centers, and as talked about up thread, the crypto mining that eats energy, our thirst is expanding at quite a rate. Check you next electric bill for proof. We are nowhere close to filling the void without petroleum derivatives anytime soon. 

Even if there was a plan for all the reserves in VZ to be extracted, transported, processed, and pumped into the gas tanks of our car, it would take years and billions of dollars. And when was the last time something didn't turn into a giant boondoggle? 

This is still why we need to steal the oil. Been the plan for a long time (see PNAC). This is also why they hate Trump, he's stupid enough to say it out loud. 

For every unit of growth you need a unit of energy. The problem lies in how much it costs to get it, no matter the flavor. EROEI. Energy Returned On Energy Invested. With the price of crude around 60 bucks no drill is about to hit anything. We produce more domestically and will for some time, but that game is also price sensitive, and they have sucked (fracked) the wells like a 30 year old cow. Once they start depleting, they go quick, that is happening.

The Permian Is Drowning in Its Own Wastewater - OilPrice.com

At the end of the day, and maybe the most important question; this would take years to develop if it even worked out. We are talking 300 billion barrels of crude (estimated reserves) here, so that's a lot of money to be a part of. But, who the **** in their right mind would commit billions in investments with unknown global stability over the course of the development? And I don't care what ****wads are in power.

TL:DR - there is no doubt a trade here.

Edited yesterday at 04:46 AM by Screwball

[gehringer_2]

29 minutes ago, Screwball said:

 

The Permian Is Drowning in Its Own Wastewater - OilPrice.com

Quote

Potential solutions, such as treating the water for release into rivers, face regulatory hurdles and would add significant, unwelcome costs to producers operating below $60 per barrel West Texas Intermediate.

This is the crap that frosts me. We let them operate dirty because they pay everyone off out of current profits, then walk away, off load the  depleted asset into an empty shell, declare bankruptcy and leave the public holding the bill for the cleanup. Americans have been suckers for big oil from the word go.

Edited yesterday at 05:13 AM by gehringer_2

[chasfh]

23 hours ago, Screwball said:

Here, beat the rush;

After you ... 😁

[chasfh]

12 hours ago, Deleterious said:

So we are getting between 30 and 50 million barrels of oil from Venezuela?  We use 20 million barrels a day.  What's the point.  

No one is talking about Epstein at the moment.