Why does OIL keep going higher?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Greget
    SBR Posting Legend
    • 11-01-10
    • 10516

    #71
    Originally posted by MinnesotaFats
    No way in hell.

    The batteries are so toxic that once this technology becomes available to the masses you'll see hydrogen become the actual solution to cars....so we're back to drilling again.

    Also we'll never eliminate diesel or other distillates. Too much non car related fuel needs.....gasoline in its present form for cars will be around forever, the % of alternative fuel vehicles will slowly climb but peak in about 15 years. People cannot afford the unsubsidized cost of a "market ready" E vehicle fleet of options from manufacturers in the USA and worldwide gasoline will power the fleet will into the 22nd century.

    The world is simply too poor and e vehicles are subsidized so there really isn't a true market price yet....yet it's unaffordable to 90% of the population domestically as is.
    Just stop talking, you know nothing.
    Comment
    • JIBBBY
      SBR Aristocracy
      • 12-10-09
      • 83686

      #72
      Originally posted by Greget
      Just stop talking, you know nothing.
      Typical liberal response. Rather then debate facts just dismiss it.
      Comment
      • MinnesotaFats
        SBR Posting Legend
        • 12-18-10
        • 14758

        #73
        Originally posted by JIBBBY
        Typical liberal response. Rather then debate facts just dismiss it.
        I just checked this thread tonite.

        It is mind boggling the tribal protectionism in thought & language liberals have.

        Every fact, issue, stat, price verification, futures orders, market price and production analysis provided in the 4.5 pages of this thread completely obliterated the Biden economic & political stance, and basis for the prevailing liberal opinion.

        Yet all they do to reply is name call...and call it a day.

        Extremely sad, but easy to see how & why the society & cultural values of Democrat voters and liberal cities are decaying. There simply is no constructive thought- no ability to be independant....no willingness to comprehend and no humility when defeated.
        Comment
        • guitarjosh
          SBR Hall of Famer
          • 12-25-07
          • 5788

          #74
          Originally posted by MinnesotaFats
          Buy Chevron. Best oil company out there, hoards of cash, 5% dividend
          Diamondback energy (FANG) has better trending fundamentals. I don't own any energy company, but if FANG was profitable I would scoop some up. I rarely buy stock in companies that aren't profitable.
          Comment
          • vivablu
            SBR High Roller
            • 03-25-21
            • 129

            #75
            Originally posted by Doublethink
            Is there any way you would short it here?
            Manipulation. There is way more oil than every, so supply is not an issue. Oil is produced by many more countries than it was 20 years ago. But opec and the cartels have agreements to limit the output to control price. Countries like Venezuela and others who don't comply are made villain with narratives and put on sanction so that their supply doesn't dilute the price. During the pandemic oil crash, many big boys took long positions all the way at the bottom and now they are driving it up. They will cash out and oil price will be crashed again. Crude probably has upside to $100 top but from their downside is higher and could go below $50 again. The narrative that I see is that they are pumping hard how the prices of natural gas and oil are going to go up the roof with winter starting. My guess is that we will see a pull back in prices after the next opec meeting in november as the big boys take some profit while the mass FOMO into buying it at top. Unless you are in the inside like in politics/congress/opec circle, its hard to time it exactly but my best guess would be pull back after opec meeting.
            Comment
            • Greget
              SBR Posting Legend
              • 11-01-10
              • 10516

              #76
              Originally posted by MinnesotaFats
              I just checked this thread tonite.

              It is mind boggling the tribal protectionism in thought & language liberals have.

              Every fact, issue, stat, price verification, futures orders, market price and production analysis provided in the 4.5 pages of this thread completely obliterated the Biden economic & political stance, and basis for the prevailing liberal opinion.

              Yet all they do to reply is name call...and call it a day.

              Extremely sad, but easy to see how & why the society & cultural values of Democrat voters and liberal cities are decaying. There simply is no constructive thought- no ability to be independant....no willingness to comprehend and no humility when defeated.
              Yet....zero evidence, facts, or proof. Look in the mirror, buddy. You're in a cult.

              A Complete Psychological Analysis of Trump's Support

              https://www.psychologytoday.com/us/blog/mind-in-the-machine/201812/complete-psychological-analysis-trumps-support
              Comment
              • Greget
                SBR Posting Legend
                • 11-01-10
                • 10516

                #77
                Originally posted by MinnesotaFats
                No way in hell.

                The batteries are so toxic .
                Let's take this genius statement...shall we compare the environmental damage of batteries to that of oil.. Besides fossil fuels on the verge of making the planet inhabitable, you're concerned that batteries are "toxic", because you have zero depth of understanding on these issues.

                You're a fool, who is part of a larger group of fools destroying the country and the planet out of ignorance, and I've engaged with fools as much as I intend for the day. So kindly Fuk off you idiot.
                Comment
                • MinnesotaFats
                  SBR Posting Legend
                  • 12-18-10
                  • 14758

                  #78
                  Bidens America

                  190000 jobs added



                  Biggest miss percentage wise in the 21st century.

                  Yet you liberals keep saying the economy is rebounding, hence the demand.

                  You liberals are a special kind of stupid.

                  Every day...
                  Comment
                  • MinnesotaFats
                    SBR Posting Legend
                    • 12-18-10
                    • 14758

                    #79
                    Originally posted by Greget
                    Let's take this genius statement...shall we compare the environmental damage of batteries to that of oil.. Besides fossil fuels on the verge of making the planet inhabitable, you're concerned that batteries are "toxic", because you have zero depth of understanding on these issues.

                    You're a fool, who is part of a larger group of fools destroying the country and the planet out of ignorance, and I've engaged with fools as much as I intend for the day. So kindly Fuk off you idiot.


                    Scroll down to the battery section.

                    You might learn something.

                    E vehicles aren't sustainable energy. And there's no true market as they're subsidized. If you want additional info on the toxicity of lithium or colbalt just swallow a battery- see what happens
                    Comment
                    • ByeShea
                      SBR Hall of Famer
                      • 06-30-08
                      • 8094

                      #80
                      Originally posted by Greget
                      Besides fossil fuels on the verge of making the planet inhabitable,
                      Kool-Ade chugged.
                      Comment
                      • Sanity Check
                        SBR Posting Legend
                        • 03-30-13
                        • 10962

                        #81
                        Originally posted by JIBBBY
                        How do think electricity is made? It's not from lightening bolts coming down from the sky Einstein.

                        Most electricity is generated with steam turbines using fossil fuels.

                        Fossil fuel burning plants can be more than 30% efficient.

                        An automotive engine burning gasoline might only be 5% efficient.

                        Charging an EV off a fossil fuel plant is still better, than burning it in a car.

                        Originally posted by JIBBBY
                        All good but last I checked Tesla cars are like 100 grand to own.

                        $25k tesla EV is due out in a few years.

                        Democrats and Joe Biden hate Elon Musk / tesla though.

                        Originally posted by JIBBBY
                        We need cheap gas to keep the economy going. That won't change over night. Truckers use Diesel fuel to deliver everything you buy at stores. Think about that. Dems and Liberals don't understand that and just think about Green new deals.

                        Vegetable oil waste from restaurants can be converted into biodiesel.

                        People used to pick up the vegetable waste from places like mcdonalds for free and convert into biodiesel they would power their flex fuel diesel volkswagons with.




                        Originally posted by MinnesotaFats
                        you'll see hydrogen become the actual solution to cars....so we're back to drilling again.

                        H20 has two hydrogen atoms for every oxygen atom.

                        All people have to do to get hydrogen is run electricity through water (electrolysis) to separate the hydrogen and oxygen into a gas and collect it.

                        Hydrogen is problematic though for a variety of reasons.


                        Originally posted by MinnesotaFats
                        It is mind boggling the tribal protectionism in thought & language liberals have.

                        The heart full of lies, rejects truth.


                        Originally posted by MinnesotaFats
                        https://www.google.com/amp/s/www.cnb...perts-say.html
                        E vehicles aren't sustainable energy. And there's no true market as they're subsidized. If you want additional info on the toxicity of lithium or colbalt just swallow a battery- see what happens
                        Teslas next gen batteries contain little or no cobalt. There was a social media campaign where african kids mining cobalt in harsh environments with no protective gear was publicized, which led to the move.

                        Lithium is used as a psychiatric medical treatment:



                        Eventually industries devoted towards recycling lithium batteries will become mainstream, which will reduce the toxicity factor.

                        Improved battery design and higher scaling of manufacture will make batteries cheaper and more affordable.
                        Comment
                        • rkelly110
                          BARRELED IN @ SBR!
                          • 10-05-09
                          • 39691

                          #82
                          Sanity with the smackdown!
                          Comment
                          • slewfan
                            SBR Posting Legend
                            • 10-01-15
                            • 15917

                            #83
                            It's all because there's a moron in the White House. Do the Math. Trump gas 2:30, Biden 4:00.



                            MEDIA
                            Andy Puzder rips WH narrative on gas spike: 'How does using OPEC instead of US prevent emissions?'

                            Comment
                            • Greget
                              SBR Posting Legend
                              • 11-01-10
                              • 10516

                              #84
                              Originally posted by ByeShea
                              Kool-Ade chugged.
                              What a shame that people consider someone having a higher education is now "kool-aid". What a dystopian time we live in. Up is down, black is white... sad.
                              Comment
                              • Greget
                                SBR Posting Legend
                                • 11-01-10
                                • 10516

                                #85
                                Originally posted by MinnesotaFats
                                https://www.google.com/amp/s/www.cnb...perts-say.html

                                Scroll down to the battery section.

                                You might learn something.

                                E vehicles aren't sustainable energy. And there's no true market as they're subsidized. If you want additional info on the toxicity of lithium or colbalt just swallow a battery- see what happens
                                Well derpy, why don't you swallow a jug of gasoline..derp derp, since we are now engaged in high level discussion about the benefits of EV vs ICE.

                                This is why America laughs at the right.
                                Comment
                                • alling
                                  SBR MVP
                                  • 05-13-10
                                  • 1405

                                  #86
                                  Originally posted by Doublethink
                                  Is there any way you would short it here?
                                  Ticker SCO. 2X ETF
                                  Comment
                                  • JIBBBY
                                    SBR Aristocracy
                                    • 12-10-09
                                    • 83686

                                    #87
                                    I'm all for electric garbage cars and what not but you can't get rid of gas driven cars and push that agenda like it is now. Let it happen naturally. Offer cheap electric cars, no reg fees, free charge stations, etc. Make it attractive and affordable. That's how you make the switch over.

                                    Raising gas prices, reducing oil production in America and demonizing gas guzzling cars and trucks at a furious pace only stings the economy. Pushing the green new deal for trillions and telling us all the world is gonna end in 10 years to climate is complete CRAP also!!
                                    Comment
                                    • Sanity Check
                                      SBR Posting Legend
                                      • 03-30-13
                                      • 10962

                                      #88
                                      Originally posted by JIBBBY
                                      I'm all for electric garbage cars and what not but you can't get rid of gas driven cars and push that agenda like it is now. Let it happen naturally. Offer cheap electric cars, no reg fees, free charge stations, etc. Make it attractive and affordable. That's how you make the switch over.

                                      Raising gas prices, reducing oil production in America and demonizing gas guzzling cars and trucks at a furious pace only stings the economy. Pushing the green new deal for trillions and telling us all the world is gonna end in 10 years to climate is complete CRAP also!!

                                      Cheap and affordable electric vehicles.

                                      Bro, they read your mind.

                                      ...







                                      I agree 100% high oil prices are bad.

                                      What can people do about it though.
                                      Comment
                                      • JIBBBY
                                        SBR Aristocracy
                                        • 12-10-09
                                        • 83686

                                        #89
                                        ^ Not in America Sanity. UK is ahead of us with Cheap electric garbage I see .

                                        I have electric solar generators that I spent $1500 USD on. They only hold a charge for a day tops running house hold appliances. I feel I got ripped off. My gas run generators can run for days if you store gas and keep them running. This is what I bought a year ago, now they are $500 cheaper. Errrr. https://shopsolarkits.com/products/ecoflow-delta-1300


                                        The only cool thing about the electric solar generators is you could take them camping with the family or in RV, set the solar panels outside in the sun in the day time and keep the charge going.

                                        In an immediate emergency on the fly they will come in handy also. Still I feel I got ripped off. I got 2 of them.
                                        Comment
                                        • rkelly110
                                          BARRELED IN @ SBR!
                                          • 10-05-09
                                          • 39691

                                          #90
                                          America's 1st etruck. Get some!





                                          First Electric Truck Hits the Road — It’s a Rivian.


                                          “After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line,” founder and CEO RJ Scaringe tweeted Tuesday. The first Rivian built for a customer was an R1T pickup in Rivian Blue, driven off the production line surrounded by cheering and masked workers at the company’s plant in Normal, Illinois.

                                          The 2022 Rivian R1T boasts an EPA-certified range of 314 miles. It features a separate electric motor for each wheel, creating an adaptable 4-wheel-drive system. That should give it excellent off-road ability. Prices start at $67,500.
                                          Comment
                                          • Sanity Check
                                            SBR Posting Legend
                                            • 03-30-13
                                            • 10962

                                            #91
                                            Originally posted by JIBBBY
                                            I have electric solar generators that I spent $1500 USD on. They only hold a charge for a day tops running house hold appliances. I feel I got ripped off. My gas run generators can run for days if you store gas and keep them running. This is what I bought a year ago, now they are $500 cheaper. Errrr. https://shopsolarkits.com/products/ecoflow-delta-1300
                                            In an immediate emergency on the fly they will come in handy also. Still I feel I got ripped off. I got 2 of them.
                                            It says "solar generator" but really its a bank of 18650 lithium laptop batteries.

                                            1300wH (watt hours) isn't a useful stat.

                                            The number needed to know battery capacity is amp hours (ah).



                                            ^ 12 volts x 33 amp hours.

                                            (12 volts of power at 1 amp for 33 hours.)

                                            AFAIK the battery bank you linked to that costs $1,000 is rated 12 volts at 100 amp hours max.

                                            It has the capacity of 3 car batteries costing $75 to $100.

                                            ...

                                            Then you'd need an inverter to convert to appliance AC.



                                            EcoFlow Delta 1300wH / 1800W Portable Solar Generator
                                            1800 watts sounds like a big number.

                                            You can get that with 18... 100 watt solar panels each costing around $100 each:





                                            ...


                                            Lithium is about 2x smaller and lighter (and more expensive) than lead acid, nickel, alkaline batteries. Compactness, low weight and high energy density is what people pay for with lithium.

                                            For residential applications, where weight and space aren't as much of factors. It can be better to use lead acid (car batteries) which are more affordable.


                                            blablablablabla


                                            All of this shit is really simple and so easy a caveman could do it.

                                            Its only hard to explain in a way that is simple.
                                            Last edited by Sanity Check; 10-09-21, 11:06 AM.
                                            Comment
                                            • INVEGA MAN
                                              SBR Hall of Famer
                                              • 01-30-08
                                              • 6800

                                              #92
                                              This is Hillary's fault!! Why didnt trump lock her up like he said he would!! she has ruined our country!!
                                              Comment
                                              • JIBBBY
                                                SBR Aristocracy
                                                • 12-10-09
                                                • 83686

                                                #93
                                                Originally posted by Sanity Check
                                                It says "solar generator" but really its a bank of 18650 lithium laptop batteries.

                                                1300wH (watt hours) isn't a useful stat.

                                                The number needed to know battery capacity is amp hours (ah).



                                                ^ 12 volts x 33 amp hours.

                                                (12 volts of power at 1 amp for 33 hours.)

                                                AFAIK the battery bank you linked to that costs $1,000 is rated 12 volts at 100 amp hours max.

                                                It has the capacity of 3 car batteries costing $75 to $100.

                                                ...

                                                Then you'd need an inverter to convert to appliance AC.





                                                1800 watts sounds like a big number.

                                                You can get that with 18... 100 watt solar panels each costing around $100 each:





                                                ...


                                                Lithium is about 2x smaller and lighter (and more expensive) than lead acid, nickel, alkaline batteries. Compactness, low weight and high energy density is what people pay for with lithium.

                                                For residential applications, where weight and space aren't as much of factors. It can be better to use lead acid (car batteries) which are more affordable.


                                                blablablablabla


                                                All of this shit is really simple and so easy a caveman could do it.

                                                Its only hard to explain in a way that is simple.
                                                Makes sense.
                                                Comment
                                                • Doublethink
                                                  SBR Sharp
                                                  • 05-21-21
                                                  • 415

                                                  #94
                                                  Recognia Technical Analysis has SCO strong buy for the next 2-6 weeks but weak after that for the next 2 yrs. 1 yr. price return down 77.37% with high $80 now it is $13.67.
                                                  Comment
                                                  • Doublethink
                                                    SBR Sharp
                                                    • 05-21-21
                                                    • 415

                                                    #95
                                                    Anyway I replied page 3 #94.What is the difference between SCO and DDG? I know there is a way to short it my question was misunderstood meant to be more like would you short it here? DDG rated weak all around. Down 52.96% year high $38 today $15.05
                                                    Comment
                                                    • Doublethink
                                                      SBR Sharp
                                                      • 05-21-21
                                                      • 415

                                                      #96
                                                      Originally posted by alling
                                                      Ticker SCO. 2X ETF
                                                      My replies for you are down below #94 & #95.
                                                      Last edited by Doublethink; 10-11-21, 10:21 AM. Reason: # correction.
                                                      Comment
                                                      • Doublethink
                                                        SBR Sharp
                                                        • 05-21-21
                                                        • 415

                                                        #97
                                                        Anyway I replied page 3 #94.What is the difference between SCO and DDG? I know there is a way to short it my question was misunderstood meant to be more like would you short it here? DDG rated weak all around. Down 52.96% year high $38 today $15.05<br>
                                                        Comment
                                                        SBR Contests
                                                        Collapse
                                                        Top-Rated US Sportsbooks
                                                        Collapse
                                                        Working...