Oil & Gas Stocks

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Can I get feedback from Russian, RedStick

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Altogether, 2011 looks to be potentially an even more crucial year than 2008. Libya’s oil production will likely fall to near zero, whatever changes in government occur. The Saudis promise to replace that 1.5 million barrels per day of production from their own spare capacity, but recent history leads some observers to question whether they really can. And Saudi Arabia faces its own potential for domestic unrest (hence the announcement of $36 billion in new social spending in that country just two days ago). We may again see a brief oil price surge to $150a barrel—perhaps even $200—this year, but if this occurs it will trigger a massive recession and financial crash that will prompt further revolt and revolution around the world. But of course the recession will dampen demand such that oil prices will once more collapse, causing further instability in the Middle East.

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8. The answer would depend on how bad things spun out of control in the Mid East, and the effect on oil prices. The Natural Gas Glut Fan Club might want to consider writing their last “financial rites” now, because NatGas is ultimately poised to outperform oil, and the banksters are now holding an almost “out of this world” amount of NatGas long positions. They are long and strong. Are you? The banksters have spent five years building ever larger long positions in NatGas, while the fundsters are holding the naked shorty pants bag. Get ready for the short covering surprise of your life. If the Mid East powder keg blows, so does team NatGas Shorty Pants. There is no way in a billion years the banksters are going to take the NatGas short positions from team shorty pants, at anything remotely near current prices. Shorty Pants should be terrified right now, instead of adding to his insane positions.

9. My long term target for NatGas is $20, but $50 or $100 are possible, if oil blows to $300 or higher. In my professional opinion, naked shorting NatGas now is the single most dangerous market action an investor could engage in, in any market. The only stupider action would be to be long natgas in a monster price plop at higher prices, and demand the Mid East blows now, because you are impatient waiting for the glut to end so your gas rises against the dollar. Patience, not demand-making, is the prime key to wealth building. If you can’t think in the ultra long term with at least a portion of your market actions, you are doomed, as the coming volatility will put “short term only” traders in a meat grinder.

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You are at least 3 years behind the curve

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Come on man, fracking has been used commercially since HAL introduced it in 1947 and ~90% of wells use fracking to produce paying quantities.

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