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L0RDZ (82.42)

Wow what utter nonsense

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29

March 01, 2011 – Comments (9) | RELATED TICKERS: GAS.DL2 , O , LINE

Oil in excess of 100 a barrel   ~ yet we have an oversupply of oil here in the western hemisphere ( not to mention elsewhere in the world as well) ~ but that doesn't seem to matter ~ because oil is being manipulated up.

 Despite civil unrest  ~ Libya still managed to distribute over half of its daily distributable oil to southern europeans and some chinese clients, yet when compared to the total world oil  supply and demand it  barely matters except that our economy and way of life is addicted to oil and subject to the whims of the oil market makers and than subject to the whims of the refiners, and than we are subject to the whims of those in government who decide to take  a share, so they will jack the prices up as much as they can,  and a vicious cycle starts with  all the prices going up because  it will be more expensive to move goods and make products based up oil, gasoline prices will spike and should there become a disruption at the limited refiners,  expect yet another crazy spike. 

 Despite what they say, there is no good reason for oil to be as expensive as they are pricing it ~ there is no supply or demand imbalance ~ only poor world leaders who are manipulating actors upon the stage.

Only crazy black swan fear mongering.  

So okay you may ask LORDZ do you have a solution ? 

Yes I do...

Yes I do...

We need to start converting the entire fleet of US heavy trucks off of diesel and gasoline and convert them to using  liquified natural gas ~ which is cheaper ~ cleaner ~ and in crazy over abundant suppy right here in our own country.

Than after some infrastructure is built up to supply natural gas to vehicles ~ we need to offer natural gas vehicles to anyone and let the market decide or at least offer us the alternative.

 

 

9 Comments – Post Your Own

#1) On March 01, 2011 at 4:40 PM, portefeuille (99.60) wrote:

liquefied natural gas

compressed natural gas

 

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#2) On March 01, 2011 at 4:41 PM, portefeuille (99.60) wrote:

not utter nonsense, like the valuation of the U.S. thing, though, hehe ...

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#3) On March 01, 2011 at 4:51 PM, griderX (96.17) wrote:

+1 Rec for ticker selection ;)

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#4) On March 01, 2011 at 4:55 PM, ETFsRule (99.94) wrote:

Sasol: The Way to Play Soaring Gasoline Prices

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#5) On March 01, 2011 at 10:48 PM, checklist34 (99.70) wrote:

not manipulation, just enormous net long positions from speculators.  Roughly twice as large as what we saw in the summer of 2008. 

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#6) On March 01, 2011 at 10:49 PM, checklist34 (99.70) wrote:

and I agree about us needing to move away from imported oil... it seems like there would be sooo much benefit to our economy (and that of others, as a significant shift here... may lower worldwide oil prices). 

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#7) On March 02, 2011 at 10:59 AM, drgroup (69.08) wrote:

"We need to start converting the entire fleet of US heavy trucks off of diesel and gasoline and convert them to using  liquified natural gas "

The only item I don't agree on is the above. LNG does not have the same combustive power as diesel or gas. When carrying heavy loads up hill, there can be a tremendous power reduction; it is imperative to get the best bang for your buck, (no pun intended). LNG is good for golf carts, small cars and non productive combustion engines.

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#8) On March 02, 2011 at 12:00 PM, L0RDZ (82.42) wrote:

In my one man response to such ridiculous rising gasoline prices I have reduced my driving and the past 2 tuesdays ~ normally I would drive to my gym and work out ~ instead I have chosen to stay in, I know in the grand scheme, the markets won't feel my absence, but at least I can say that I changed my habits.

 

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#9) On March 02, 2011 at 3:29 PM, djemonk (< 20) wrote:

Good solution!

Who's going to pay for that again?

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