It's rumoured natural gas will be good in 2004, especially in the African region(s).
Just make sure you buy shares in the company that finds it.
It's rumoured natural gas will be good in 2004, especially in the African region(s).
Just make sure you buy shares in the company that finds it.
My company is drilling it as we speak (not in Africa, but stateside) We're hoping demand stays high too. I do know our storage is down and as the combined cycle gas turbines come on-line, demand wil increase even further. Everybody turn on your home A/C units!
2007 997 GT3 Carrera White
2009 Mercedes E63 Wagon, Black/Black
2009 Ferrari F430 Scuderia, Rosso Corsa
Sold:
2003 RS6 Ebony Pearl, Black Interior, NAV, Exhaust, XM Radio.
2005 Maserati Quattroporte, Sport Package, Nero Carbonio, Cuolo Sella Seats.
2006 Mercedes E55 Wagon
I kinda feel like Martha Stewart now.
:s4addict: -Bimmerhead
I kind feel for Martha Stewart now. I seem to recall a former president up against obstruction of justice charges. Wait, I'm off topic.Bimmerhead
I kinda feel like Martha Stewart now
All the information I posted is public information. No inside info here, just an insider regurgitating public info.
By the way, I bought my RS6 to keep oil prices propped up. Seems to work.
2007 997 GT3 Carrera White
2009 Mercedes E63 Wagon, Black/Black
2009 Ferrari F430 Scuderia, Rosso Corsa
Sold:
2003 RS6 Ebony Pearl, Black Interior, NAV, Exhaust, XM Radio.
2005 Maserati Quattroporte, Sport Package, Nero Carbonio, Cuolo Sella Seats.
2006 Mercedes E55 Wagon
They might do...I know they were one of the first car manufacturers to put an Environmentally friendly car onto the open market. It was that semi-electric two seater...I've forgotten what it's called now.Originally posted by CarbonFibre
Honda has a natural gas Civic, don't they?
Today has been a Shit poor day for the markets, alot of analysists are putting it down to the terrorist bombing in Madrid, Spain.
Bilbozilla,
Don't mind me asking, but what company do you currently have shares (?) in that's drilling stateside? You dion't need to tell me or anything, if you don't wish to. It's just for curiosity more than anything.
Martha Stewart...what ashame.
I think the press coverage of the actual case will probally bring an end to her company...
Interesting path she took though, she went from serving teas and coffees at the stock exchange (?) to becoming part of the board of directors.
Klint - Check your PM
2007 997 GT3 Carrera White
2009 Mercedes E63 Wagon, Black/Black
2009 Ferrari F430 Scuderia, Rosso Corsa
Sold:
2003 RS6 Ebony Pearl, Black Interior, NAV, Exhaust, XM Radio.
2005 Maserati Quattroporte, Sport Package, Nero Carbonio, Cuolo Sella Seats.
2006 Mercedes E55 Wagon
Thanks bilbozilla. You got one too.Originally posted by bilbozilla
Klint - Check your PM
hahahahahaha...This sentence makes alot more sense now!By the way, I bought my RS6 to keep oil prices propped up. Seems to work.
oh dear...
http://news.bbc.co.uk/1/hi/business/3554861.stm
:bigeyes:
Ahh, oil and gas accounting. When estimating reserves, they are classified as PDP (proved developed producing), PDNP (proved developed, non-producing), PUD (proved undeveloped) and others. It is my understanding they had some reserves classified as PDP, but they were actually PUDs. In short, they had their more expensive product classified as their mass market inventory. READ: mass market inventory flies off the shelf and is predictable, but the premium (no pun intended) is more expensive to produce and sell.
Estimating reservoirs is a dark art. There have been fields that have over-produced their estimated reserves by factors of 10, and fields that have underproduced their estimated reserves by those same factors inverted. I'm not condoning Shell's actions, on the other hand, this looks like a great excuse to roll some heads with their new management.
I still love the industry.
2007 997 GT3 Carrera White
2009 Mercedes E63 Wagon, Black/Black
2009 Ferrari F430 Scuderia, Rosso Corsa
Sold:
2003 RS6 Ebony Pearl, Black Interior, NAV, Exhaust, XM Radio.
2005 Maserati Quattroporte, Sport Package, Nero Carbonio, Cuolo Sella Seats.
2006 Mercedes E55 Wagon
bilbozilla,
It's a great industry to be part of.
It appears to be the safest haven in the current economy.
Check these links out:
http://news.bbc.co.uk/1/hi/business/3556661.stm
http://news.bbc.co.uk/1/hi/business/3558437.stm
Congrats, bilbozilla.
did you recieve the e-mail I sent you sometime last week?
OPEC has agreed to cut back on oil production....
Even higher Curde oil/natural gas prices to follow!
Its all a big game. OPEC can set the price saying "the reserves are low"at any rate they want so soon we might have to pay 3 bucks a gallon in the U.S this summer. Looks like im going to be polishin up my schwin to go shopping.
Another part of that game is the upcoming election in November.Originally posted by audifan
Its all a big game. OPEC can set the price saying "the reserves are low"at any rate they want so soon we might have to pay 3 bucks a gallon in the U.S this summer. Looks like im going to be polishin up my schwin to go shopping.
Here are some numbers, guys (and girls) -
US Consumption of Oil - 18,000,000 Bbls/day
US Production of Oil - 6,000,000 Bbls/day
We actually import more oil from Russia than we do from the Middle East. Iraq production makes up about 1/12th of our imports.
As far as the high prices at the pump, high oil prices are entitled to part of the blame, but the refineries have to handle so many different types of "product" (read blends for environmental reasons) that the consumer pays for. Environmental regulations are to blame. New vehicles are running cleaner than ever, and it's not because of the fuel we run in them.
If you've got a problem with the high gas prices, complain to your congressman. And read up on the realities of "global warming". You'll be suprised.
I'm all for a clean environment, but enough legislation based on shoddy science that hurts the consumer .
Last edited by bilbozilla; April 1st, 2004 at 16:38.
2007 997 GT3 Carrera White
2009 Mercedes E63 Wagon, Black/Black
2009 Ferrari F430 Scuderia, Rosso Corsa
Sold:
2003 RS6 Ebony Pearl, Black Interior, NAV, Exhaust, XM Radio.
2005 Maserati Quattroporte, Sport Package, Nero Carbonio, Cuolo Sella Seats.
2006 Mercedes E55 Wagon