wazua Tue, Apr 21, 2026
Welcome Guest Search | Active Topics | Log In

119 Pages«<6263646566>»
Estimated 71 Billion Barrels...
Options
Previous Topic · Next Topic
hisah
#631 Posted : Saturday, December 15, 2012 8:28:12 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
jonna wrote:
sentinel prime wrote:
there is a good chance oil will below $50 in a decade when fracking comes into full force. In the 1970 oil touched $100 and by 1999 it touched $10!!!
this commodity boom will come to an end.

the next crazy bull market will be led by cheap oil and natgas as the chief energy sources.

by then maybe we wont even be able to give ours for free.


Goldman Sachs was allowed by the cftc to buy 25% of all the oil in the market for $5 a gallon earlier this year. You can only guess what will happen next. Same manipulation happened in 2008.




I really hope that GS doesn't get its bet right. The turmoil it'll create will spinoff another sizable global economy slump with the fiscal cliff tension and a recessed euroland offering no support.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
murchr
#632 Posted : Saturday, December 15, 2012 5:43:02 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Tullow Kenya is shopping to supplier of land-drilling and Land workover rigs and services through an open tendering process.

This is the first time the oil exploration firm has publicly sourced for such equipment and services through competitive advertised locally. Tullow oil is preparing for appraisal drilling at the Ngamia1 and Twiga1 wells in Turkana where they discovered oil.

Land-based drilling rigs consist of engines, a mast, pumps, drill string and related equipment, while, Land-based workover rigs are well-servicing rigs with a mobile carrier, which are easier to move between well sites and different geographical areas of operations than drilling rigs.

The Star
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
  |
hisah
#633 Posted : Saturday, December 15, 2012 11:05:35 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The mining rules still frothing - http://www.nation.co.ke/...20/-/8o0eq6/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
hisah
#634 Posted : Monday, December 17, 2012 3:28:32 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
If these weren't too greedy, there would be no jitters. There's plenty for everyone. Those that don't like the idea are free to walk out. Balance must be maintained.

http://www.theeastafrica...52/-/3x2pfy/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
hisah
#635 Posted : Monday, December 17, 2012 3:47:56 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Watching this UG oil game by M7 closely. Oil is a big ego testoterone punch. Inflated ego sitting on pin tips. Who will burst first?

http://www.theeastafrica.../-/115bw5oz/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
hisah
#636 Posted : Monday, December 17, 2012 3:59:52 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Another play I hold that's about to take it in the chin today - http://www.theeastafrica...60/-/1ppaes/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
murchr
#637 Posted : Monday, December 17, 2012 4:06:12 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
[quote=hisah]If these weren't too greedy, there would be no jitters. There's plenty for everyone. Those that don't like the idea are free to walk out. Balance must be maintained.

http://www.theeastafrica...2/-/3x2pfy/-/index.html[/quote]



Quote:
Kenya also wants all foreign mining companies to cede 35 per cent shares to local investors and institutions. The rule, expected to be effected by March 2013, has triggered opposition from executives in mining firms doing business in the country.


Excellent Applause Applause On the M7 story....I think he has some truth, but his demand that the Minister be given the power to revoke a license will only bring about issues.

"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
  | | Edit by user: Monday, December 17, 2012 4:18 AM | Reason: Not specified
youcan'tstopusnow
#638 Posted : Wednesday, December 19, 2012 2:11:57 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Border disputes due to mineral resources. First Sudan, then Kenya-Somalia, and now Malawi-Tanzania
"Based on an 1890 colonial agreement, Malawi claims ownership of the whole of Lake Malawi. Tanzania insists that half the lake falls within its borders and is already eyeing it for
natural gas exploration."
http://www.nation.co.ke/.../-/1j4mt7z/-/index.html
GOD BLESS YOUR LIFE
Back to top
WWW
  |
murchr
#639 Posted : Saturday, December 22, 2012 4:12:35 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Interesting report here: http://www.caseyresearch...RaceforAfricanOilSR.pdf

Quote:
It’s no secret that world-class oil deposits lie under and off the coast of East Africa. Major
oil companies and wildcatters alike have been vying for position here in recent years.
What isn’t as well known is how much money countries such as China are sinking into the
region, and the planned and approved infrastructure they’ll finance in a swath of some of
the poorest nations in the world. During the next few decades, trillions of dollars will flood
into East Africa in exchange for its resource riches – and right now, most of that is set to
come from China.
What difference can that possibly make to us as investors? A big difference, considering
the two main issues here:
1. Energy security is critical.
2. East Africa can help other countries get it
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
  | | Edit by user: Saturday, December 22, 2012 4:15 AM | Reason: Not specified
Mukiri
#640 Posted : Saturday, December 22, 2012 9:40:45 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
@Hisah, please forgive my ignorance, but is there a way we can make money/invest in this? Something about an early bird...

Proverbs 19:21
Back to top
  |
119 Pages«<6263646566>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.