News

**GREY LENSMAN**

REALITY BITES

QUOTE

Oil prices fall on China and Europe demand concerns

Oil prices fell sharply on Wednesday as economic data from China and Europe sparked worries about global demand.

http://www.bbc.co.uk/news/business-19824579

UNQUOTE

AND WHAT AFFECTS DEMAND?

1. COMPETITION FROM OTHER FUELS
2. INCREASED ENERGY EFFICIENCY
3. PRICES
4. FLEXIBILITY.

USA IS HEADING RAPIDLY TO ENERGY INDEPENDENCE.

USA DEMAND HAS BEEN A MASSIVE DRIVER, IN THE FAKE MARKETS, FOR OIL PRICE. IT IS DECOUPLING RAPIDLY.

GL

**LoP Guest** lop guest User ID: 99029 10-04-2012 06:23 AM

GREY LENSMAN Wrote:

REALITY BITES

QUOTE

Oil prices fall on China and Europe demand concerns

Oil prices fell sharply on Wednesday as economic data from China and Europe sparked worries about global demand.

http://www.bbc.co.uk/news/business-19824579

UNQUOTE

AND WHAT AFFECTS DEMAND?

1. COMPETITION FROM OTHER FUELS
2. INCREASED ENERGY EFFICIENCY
3. PRICES
4. FLEXIBILITY.

USA IS HEADING RAPIDLY TO ENERGY INDEPENDENCE.

USA DEMAND HAS BEEN A MASSIVE DRIVER, IN THE FAKE MARKETS, FOR OIL PRICE. IT IS DECOUPLING RAPIDLY.

GL

Do you care to post a link backing your assumptions up regarding America decoupling rapidly

**GREY LENSMAN**

IF, AS SEEMS TO BE THE CASE, USA STORMS INTO ENERGY INDEPENDENCE, ITS A NO BRAINER, DEFACTO DECOUPLING.

QUOTE

One minor sign of fall where I live is the arrival of a letter from the gas utility announcing the “Fixed Price Option (FPO) lock-in price” for the winter season. FPO offers a price which people can accept and can plan on heating expenses for the winter. I haven’t taken advantage of it, I think only once in the last decade it would have saved money. However, it does make a decent estimate of the winter natural gas price.

For some reason or other, I’ve been tracking this along with monthly natural gas and electricity billing. At the very least, it gives me some sense of what’s happening in the industry without paying much attention.

Over the last six years, the FPO prices in US dollars per therm(*) were:

This is stunning – in three years the price of natural gas has fallen 46% – nearly half. This isn’t the whole cost to me. Bills include delivery charges which include a fixed rate per day, different tiers for the first several therms, and a lower rate for the rest, and some “Distribution Adjustment” that is per therm and could be folded into the other rates.

http://wattsupwiththat.com/2012/10/03/ch...more-71790

UNQUOTE

JUST ONE PART OF THE PUZZLE

GL

**LoP Guest** lop guest User ID: 64729 10-04-2012 06:41 AM

Sorry to break the news to you but Oil is going to $120 a barrel and staying there for a while until it goes up even higher!!

**LoP Guest** lop guest User ID: 64729 10-04-2012 06:45 AM

GREY LENSMAN Wrote:

IF, AS SEEMS TO BE THE CASE, USA STORMS INTO ENERGY INDEPENDENCE, ITS A NO BRAINER, DEFACTO DECOUPLING.

QUOTE

One minor sign of fall where I live is the arrival of a letter from the gas utility announcing the “Fixed Price Option (FPO) lock-in price” for the winter season. FPO offers a price which people can accept and can plan on heating expenses for the winter. I haven’t taken advantage of it, I think only once in the last decade it would have saved money. However, it does make a decent estimate of the winter natural gas price.

For some reason or other, I’ve been tracking this along with monthly natural gas and electricity billing. At the very least, it gives me some sense of what’s happening in the industry without paying much attention.

Over the last six years, the FPO prices in US dollars per therm(*) were:

This is stunning – in three years the price of natural gas has fallen 46% – nearly half. This isn’t the whole cost to me. Bills include delivery charges which include a fixed rate per day, different tiers for the first several therms, and a lower rate for the rest, and some “Distribution Adjustment” that is per therm and could be folded into the other rates.

http://wattsupwiththat.com/2012/10/03/ch...more-71790

UNQUOTE

JUST ONE PART OF THE PUZZLE

GL

The Bakken Oil Fields in North Dakota are pumping a shit load of oil and gas out daily, second only to Texas, Tons of NG coming out too.

The oil needs refining but the gas is available NOW! Its going to go way down soon...But not oil!

**GREY LENSMAN** · (This post was last modified: 10-04-2012 07:27 AM by GREY LENSMAN.)

GUEST SAID

Sorry to break the news to you but Oil is going to $120 a barrel and staying there for a while until it goes up even higher!!

UNQUOTE

BUT FACTS AND PRODUCTION SAY OTHERWISE.

CAVEAT

WE KNOW THE MARKETS ARE FAKE, JUST HOW LONG CAN THEY CONTINUE TO RIG THEM.

GL

**JF Priest** · **JF Priest** Subscriber User ID: 47416 10-04-2012 06:51 AM **Posts: 24,034**

so when does the price dive ??

**LoP Guest** lop guest User ID: 125273 10-04-2012 06:51 AM

oil falls, dollars rises

good for us

**Bond, James Bond** Licensed to kill User ID: 007 10-04-2012 06:51 AM

China is now buying with Yuan

chuckle

**GREY LENSMAN** · (This post was last modified: 10-04-2012 07:29 AM by GREY LENSMAN.)

THATS IS JUST ANOTHER FACTOR, THE WEAK, SELF DESTRUCTING DOLLAR.

SEE SHALE GAS, SHALE OIL, FRAKKING HAD AN UNINTENDED CONSEQUENCE.

IT PROVIDES AN EFFECTIVE, WELL PROVEN WAY, TO STIMULATE AND INCREASE PRODUCTION FROM EXISTING, PAID FOR MATURE WELLS.

GL