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Author Topic: Re: Fossil Fuel Skulldugggery  (Read 3386 times)

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AGelbert

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Re: Re: Fossil Fuel Skulldugggery
« on: January 02, 2015, 04:32:32 pm »
What Does $60 Oil Mean for the Biofuel Industry?   ???

Oil prices in the 60s — what does that mean for the global economy, energy markets, and alternative fuels in the short-term and long-term?

http://www.renewableenergyworld.com/rea/news/article/2015/01/what-does-60-oil-mean-for-the-biofuel-industry#comment-138847


Brian Donovan   
 January 2, 2015 

Oil is cheap because of dumping, and all other energy sources should sue the gov to put a tariff on it.

Oil is cheap because the govs give fossils massive breaks. Again that goes against the trade agreements the USA has signed.

Put a tax on fossils, or the fossils industry will dump, as they have done everything the renewable industry looked serious. Then wait a year or tow for all the renewable plans to die, and raise the price again. How many times will we fall for this?


A. G. Gelbert 
January 2, 2015 

Brian Donovan is 100% RIGHT!

I was there in the 1980's and watched Big Oil STRANGLE Renewable Energy. They are trying to do it again.

And as to game theory, that is one of the most logic free exercises in evolutionary dead end predator thinking (see Wall Street creative destruction) that our country has ever been cursed with. The RAND corporation, where this gem of "mathematical" justification for conscience free behavior was hatched, is no friend of the people. Game Theory is based on the rather convenient predatory wishful thinking that, in nature, cooperation is merely a tool to be used ONLY for the purpose of making some alliance with a competitor that you hope to crush. Game theory is all about crushing, stomping and destroying the competition in a thoroughly WARPED (see Spencer) interpretation of the "survival of the fittest" meme.

Darwin himself said that altruistic, caring and cooperative behavior are evolutionary advantages, not tools of guile for predatory victories:

https://www.youtube.com/watch?v=SsWs6bf7tvI&feature=player_embedded

All this "apex predator" business is not a reflection of how most of nature works.

Even a brief look at the trophic pyramid shows you that the living biomass of the (100% NON-predatory) base of the pyramid ,which underlies all of the consumers (plant eaters) and tropic levels above (of which a portion are predators.) is at least 10 times larger than all the biomass above. That is, the overwhelming majority of successful life forms on this planet are autotrophic ( many of them photosynthetic). And that is thermodynamically necessary because energy is lost as each trophic level above eats from the one below. That is the REAL math that proves Game Theory is certainly not based on the real world.

Autotrophs are not predators. Game theory is based on the mistaken premise that ALL LIFE is in a competitive struggle of predation. The sun is not prey. Most life is cooperative as now has been discovered through scientific study of multiple combinations of three (and more) way symbiotic cooperation between radically different species.

Therefore game theory is a fascist farce, as is the ridiculously narrow field of economics that ignores the SCC (social cost of carbon) when computing the "profitability" and "competiveness" of fossil fuels in our "market dynamics" (another product of "everyone is a predator or a prey" Game Theory Bankrupt logic).

Those of you who doubt that the fossil fuel industry is gaming the price of oil in order to recapture market share from Renewable Energy, ask yourself this question:

If supply and demand or "market dynamics" had anything whatsoever to do with the price of oil tanking, then the Demand Destruction from Renewable Energy (and other factors listed in the article) would argue for a shift in the investment strategy of big oil from spending 100's of millions a year on new exploration of oil and gas to Renewable Energy research and development and installation. Also, Oil Tanker stocks would tank as big oil began to move away from the transport of massive amounts of crude.

But, they are doing EXACTLY THE REVERSE! Big oil is doubling down on oil and gas exploration. In the last month there has been a bottom feeding bonanza going in in stocks of oil tanker corporations and oil and gas exploration corporations.

The only logical explanation is that big oil expects a massive rise in the price of oil sometime SOON in the future, regardless of the $70 2017 futures contracts you mentioned in your article. There are other derivative bets that hide this market cornering skullduggery by big oil from "the markets".

Here's a small sample of the "illogical" bottom feeding going on that, on the surface, makes no sense from everything you wrote about game theory, markets and supply and demand. It ONLY makes sense if a coordinated effort to recapture market share through a price war is what is ACTUALLY going on.

Bottom Feeding Bonanza;



December 17, 2014

Swift Energy Company SFY 4.07 +1.09 (36.58%) 163.18M

Swift Energy Company is engaged in developing, exploring, acquiring, and operating oil and natural gas properties, with a focus on oil and natural gas reserves in Texas as well as onshore and in the inland waters of Louisiana.

Energy XXI Ltd EXXI 3.23 +0.63 (24.23%) 292.47M

Energy XXI Ltd, formerly Energy XXI (Bermuda) Limited, is an independent oil and natural gas exploration and production company with operations focused in the United States Gulf Coast and the Gulf of Mexico. The Company is engaged in the acquisition, exploration, development and operation of oil and natural gas properties onshore in Louisiana and Texas and offshore in the Gulf of Mexico

Comstock Resources Inc CRK 6.85 +1.31 (23.65%) 279.00M

Comstock Resources Inc (Comstock) is engaged in the acquisition, development, production and exploration of oil and natural gas. The Company’s oil and gas operations are concentrated in East Texas/North Louisiana, South Texas and West Texas.

Approach Resources Inc. AREX 5.69 +1.01 (21.58%) 188.09M

Approach Resources Inc., is an independent energy company engaged in the exploration, development, production and acquisition of oil and gas properties. The Company focuses on oil and gas reserves in oil shale and tight gas sands in the Midland Basin of the greater Permian Basin in West Texas, where it leases approximately 148,000 net acres. The Company’s drilling targets include the Clearfork, Wolfcamp shale, Canyon Sands, Strawn and Ellenburger zones. It refers to the Clearfork and Wolfcamp zones together as the Wolffork, and its development project in the Permian Basin as Project Pangea, which includes the northwestern portion of Project Pangea that it refers to as Pangea West. As of December 31, 2012, it owned and operated 594 producing oil and gas wells in the Permian Basin, and had an estimated 2,983 identified drilling and recompletion locations, of which 359 were proved.

SM Energy Co SM 38.22 +(21.10%) 2.45B

SM Energy Company (SM Energy) is an independent energy company. The Company is engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (referred to as oil, gas, and NGLs) in onshore North America. The Company’s operations are focused on five operating areas in the onshore United States.

December 19, 2014

Basic Energy Services BAS 8.07 +1.71 (26.89%) Market Cap 317.99M

Basic Energy Services, Inc., provides a range of well site services to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling. The Company’s operations are managed regionally and are concentrated in the United States onshore oil and natural gas producing regions located in Texas, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota, Colorado, Utah, Montana, West Virginia and Pennsylvania. The Company’s segments include Completion and Remedial Services, Fluid Services, Well Servicing, and Contract Drilling. In April 2014, Basic Energy Services Inc sold its four inland barge workover rigs, and related equipment. In September 2014, Basic Energy Services Inc completes acquisition of Pioneer Fishing and Rental, a division of Pioneer Energy Services.




Market "dynamics"? I don't think so. Try Big Oil HISTORY of market cornering skullduggery for the past century or so.  >:(
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

 

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