The REAL Reason Oil Prices Are at Historic Lows -

[Bill Wiltrack]

.





Oil producers are shit scared that the current advances in renewable energy production and renewable energy storage allow individual citizens to enjoy clean, renewable energy at near nominal cost.


If we realize that, on an individual basis, the death-grip oil producers have upon the world is OVER!



Sweet Jesus! - I HOPE to see that in my lifetime!

In short, world wide oil producers & refiners ARE FORCED to dramatically lower their prices to stave-off feasibility by investors to further fund renewable energy exploration.


The overproduction bullshit is just that - BULLSHIT!






.

[tbieter]

.





Oil producers are shit scared that the current advances in renewable energy production and renewable energy storage allow individual citizens to enjoy clean, renewable energy at near nominal cost.


If we realize that, on an individual basis, the death-grip oil producers have upon the world is OVER!



Sweet Jesus! - I HOPE to see that in my lifetime!

In short, world wide oil producers & refiners ARE FORCED to dramatically lower their prices to stave-off feasibility by investors to further fund renewable energy exploration.


The overproduction bullshit is just that - BULLSHIT!






.

Baloney.

Its the increase in supply due to the technology of fracking.

[Bill Wiltrack]

.



That's horseshit...hay, by the way, you don't need to copy & paste someone's comments if they appear immediately above the post you are replying to however it's ew, so what the frack.




.

[uwot]

Baloney.

Its the increase in supply due to the technology of fracking.

Nah! ISIL are currently making about $3 million a day on the Black Market, selling oil they have seized. Everyone's just trying to squeeze their profits.

[zinnat13]

Nah! ISIL are currently making about $3 million a day on the Black Market, selling oil they have seized. Everyone's just trying to squeeze their profits.

That is one of many reasons.

The second reason is to control Russia as its half of the earnings comes from selling oil and gas to other countries.

The third reason is to put pressure on Iran and put it under economic constrains in order to compell it do discard its atomic plans.

But, there is some more interesting politics is being played behind the curtain at the huge level.

Behind the close door, it is US and Saudi Arabia, who are calling shots against each other. The oil prices are not fallen because OPEC countries decided not to cut the production. It is actually the US Shale Oil companies, who decided to pump more and more oil in the market.

Some time back, it was estimated that Shale oil production would not profitable below 70$, but now Shale companies are claiming that their cost of production is now as less at 40$. So, do not get surprised if Oil would touch that level in 2015.

There is some sort of psychological war is going on between Saudi Arabia and US, which have been traditionally allies in the past since long. But, the US mindset is changing slowly. There may be two reasons for that.

First reason maybe that US is either brink of some breakthrough discovery in any cheaper alternative discovery or has done that. It has been told to the oil companies, and now they are exploiting their reserves as much as they can.

The second reason, which seems more possible to me, that US realized the correlation of oil prizes and Islamic terrorism. The root cause of the Islamic Terrorism is not Islam, but oil only.

Islamic terrorism has always been nourished by Petro dollars of the Gulf countries. Had there been no oil in the Gulf, there would have been no Islamic terrorism either.

It is no other than Saudi Arabia that helped ISIS initially by giving them money, so they can revolt against Syria, and as the result, its oil production would come in some sort of indirect control of Saudia and US. But, the devil became out of control very soon, as happened with Osama.

Many people may not aware of the fact that Saudi's and Kuwait's cost of oil production is as low as 2$ even now. But, the problem with these countries is that it is only source of income they have. Unlike US, they do not have much tax collection and they have to spend a lot of money to maintain their royal living standard now.

According to some estimates, rich gulf countries need the rate of oil around 100$ to maintain their present luxury. So, if the rates would maintain below that for long times, they would have to stop financial support to fringe groups, sooner or later.

with love,
sanjay

[bobevenson]

World-wide oil producers & refiners are forced to dramatically lower their prices to stave-off feasibility by investors to further fund renewable energy exploration.

If you bothered to look into the subject of economics, you'd realize it's supply and demand that dictates the price of everything.

[Bill Wiltrack]

.




..................................................



What I meant to convey is the fact that renewable energy prices are dropping dramatically almost daily.


Innovations are bringing renewable energy prices closer & closer to near nominal cost.



Fossil fueled energy cannot compete with renewable energy. Oil & coal will increasingly be replaced by geothermal, wind, water, & solar.


That's the economics of it.





.

[bobevenson]

Fossil fueled energy cannot compete with renewable energy. Oil & coal will increasingly be replaced by geothermal, wind, water, & solar. That's the economics of it.

No, that's just your pipe dream of it.

[Bill Wiltrack]

.






.........................................




Big oil & big coal multinational corporations have been milking us long enough.


I, for one, am tired of it. ...perhaps you like the position...hmmmmm?








.

[tbieter]

.




..................................................



What I meant to convey is the fact that renewable energy prices are dropping dramatically almost daily.


Innovations are bringing renewable energy prices closer & closer to near nominal cost.



Fossil fueled energy cannot compete with renewable energy. Oil & coal will increasingly be replaced by geothermal, wind, water, & solar.


That's the economics of it.





.

Bill, I read what you state the other day in the newspaper. I was surprised. It seems that Fox News neglected to inform me of these price changes.

[Arising_uk]

...

Fossil fueled energy cannot compete with renewable energy. Oil & coal will increasingly be replaced by geothermal, wind, water, & solar.

That's the economics of it.[/size].

Sure, and which companies do you think will be doing the infrastructure investing?

The problem and costs with energy generation is not primarily with the sources but with the transmission and distribution.

[Bill Wiltrack]

.


I know what you are saying...probably the large oil, gas and coal companies will own the renewable energy market...with a few new companies.

I think we will be much closer to reaching near nominal costs - which is the point I am excited in seeing.





............................................





.

[zinnat13]

The rates of US oil has gone down below 50$ in the last trading session on friday. I think that this tis range aroung 50 will hold for sometime, perhaps some months.

Saudia will try to see how the US oil industry will response to this new situation for at least in the first quarter of the 2015. Then, it would go for the final kill.

In that situation, US establishment may impose some kind of import duty on the incoming iol to protect its oil industry. Though, Gulf countries are assuming that day will never come.

And, if that happens, the era of the luxury for the Gulf countries would be over forever.

Some years back, US was producing merely 30% of its demand but now it is nearly 2/3. It seems that that US establishment has been decided that they should not import oil from gulf countries at all.

This may change the economy and politics of the Gulf region drastically.

with love,
sanjay

[Bill Wiltrack]

.



So, you think fossil fuels are not reading the news on the emerging feasibility of renewable energy in all forms?


I'm not so sure. It just seems connected to me.


I think the feasibility of renewable energy has been a game changer. But the outward recognition of this cannot be admitted by the fossil fuel corporations. Even though they may maintain the lions share of emerging renewable energy corporations.




.

[Blaggard]

Wow that was very pertinent Bill, there's hope for you after all. It's not that the fuel companies don't care about renewable energy after all some of the better ones fund it, it's the bad ones you have to put down hard, no matter how hard the share holders below about profit. Yeah I spealed that wrong, it was for once intentional. ;D