Archive through March 14, 2005

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vermante

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Post Number: 263
Registered: 11-2002

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Tuesday, March 08, 2005 - 04:00 pm:

Gold and Oil tend to travel in the same direction, materials on the gallop , plenty of options

Cheers

Vermante

archer

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Post Number: 504
Registered: 11-2002

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Tuesday, March 08, 2005 - 04:30 pm:

Hilarius
You should not be so naive
The U.S did not got to war in Iraq for the benefit of the
Iraqi people
They saw the problems of the oil supply-demand situation
and are acting accordingly
Watch Venezuala next-they dont want to supply the U.S with
oil any more and are currently doing deals with India
Watch for the U.S liberation of Venezaila coming to a telly
near you

rederob

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Post Number: 654
Registered: 10-2002

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Tuesday, March 08, 2005 - 10:53 pm:

archer
wash mouth out with soap
overwhelming evidence of WMD
and naughty bad Madam Hussein
had to be dealt a lesson
we have no more terrorism
free and democratic iraq
and abundant oil
am i missing something

hilarius

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Post Number: 569
Registered: 04-2004

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Tuesday, March 08, 2005 - 11:10 pm:

Archer

I did not for a moment imagine the motive for the invasion was altruistic (although altruistic language is used to justify it and is used to try to motivate the young Americans whose lives are on the line)

However I did expect a beneficial flow of Iraqi oil in terms of a lower oil price ... with some side benefit in that opening up of supply to the local population

I am sure you detected my cynicism about the benefits of democracy confirming that my monkish habit conceals a realistic desire to understand, rather than a naive one

Where is all the Iraqi oil going and why is not additive to supply and why is it not downwardly impacting on prices?

Are the Americans co-conspirators in a cartel to raise the prices to record levels?

With best wishes

Hilarius

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

archer

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Post Number: 505
Registered: 11-2002

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Wednesday, March 09, 2005 - 07:50 am:

Yes i did detect the cynicism
Heres a good article explaining some U.S.practises
As you sow so shall you reap-if you get my drift
http://www.atimes.com/atimes/Global_Economy/GA06Dj01.html

rederob

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Post Number: 655
Registered: 10-2002

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Wednesday, March 09, 2005 - 08:26 am:

Commodity Prices Climb to 24-Year High on Global Demand Growth
March 8 (Bloomberg) -- Commodity prices surged to a 24-year high, led by gains in copper and crude oil, on concern that global economic growth is eroding inventories of raw materials faster than supplies can be replenished.

Copper reached a 16-year high, and oil rose near a record in New York, extending the rally in the Reuters-CRB Index of 17 commodities to the highest since January 1981. The index gained 7.1 percent in February, the most in any month since August 1983.

``Everybody wants to be long of commodities,'' said Stephen Briggs, an analyst at Societe Generale in London. Hedge fund managers ``think that the potential returns in commodities are still very high,'' Briggs said. }

vermante

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Post Number: 266
Registered: 11-2002

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Thursday, March 10, 2005 - 07:08 am:

Mining stocks on the gallop - Extract

"Mining stocks jump $3b

NEALE PRIOR

Investors pumped more than $3 billion into Australian resource stocks yesterday as they chased down WA miners in search of the next takeover targets after BHP Billiton's record tilt at WMC Resources.

With Swiss predator Xstrata expected to waste little time running the ruler over other potential targets after its failed offer for WMC, and other offshore predators casting around for fresh pickings, WA is considered fertile ground.

Murrin Murrin nickel miner Minara Resources, which like Xstrata has controversial Swiss metals trader Glencore as its major shareholder, starred among WA miners yesterday with its shares surging to $2.32 on heavy volumes before closing 15¢ up at $2.22.

And there was strong buying in Michael Kiernan's acquisitive manganese, chromite and nickel group Consolidated Minerals, which peaked at a record $3.92 before closing 26¢ up at $3.89 amid speculation it may also become a target.

Analysts are preparing for a sweeping re-evaluation of Australian resource stocks in the wake of BHP's $9.2 billion agreed offer, which is seen as a bet on sustained metals and energy prices.

Patersons Securities head of research Rob Brierley said market players were hunting for potential targets at the same time as analysts were considering a fundamental reappraisal of the long-term strength of commodity prices, much as occurred in the petroleum sector last year on the back of higher oil prices.

Kerry Harmanis's Jubilee Mines, which has built itself into a very profitable nickel producer, continued a strong week by surging 14¢ to $5.68 after touching $5.70.

And the market's love affair with Andrew Forrest's vision of a third major Pilbara iron ore project to rival established players BHP Billiton and Rio Tinto showed no sign of abating, with Fortescue Metals Group storming 31¢ higher to a record $5.36.

The gain added another $32 million to the $500 million paper fortune Mr Forrest has built from his controlling stake in Fortescue, his first major resources play since he established Murrin Murrin with the backing of Glencore when Minara was known as Anaconda Nickel.

Xstrata chief Mick Davis told a briefing after Xstrata released its full year result last week that his group wanted the WMC takeover resolved so the group could pursue other acquisition opportunities.

He expressed interest in iron ore, platinum and manganese but admitted opportunities were limited.

WA iron ore hopeful Aztec Resources jumped 2.5¢ to 28¢, having doubled in value this financial year, as market players punted on a bankable feasibility study and rising iron prices underpinning its plans to become a niche player by reopening the Koolan Island mining operation.

Aztec and Mid-West iron ore players Midwest Corporation and Mount Gibson are seen as prime targets for consolidation of WA junior iron ore industry, which has been boosted by the stunning 70 per cent-plus price rises secured by the major miners from Japanese steel mills.

Hogan & Partners analyst Tony Lofthouse said US metals group Cleveland-Cliffs was unlikely to be satisfied by a takeover of just Portman Mining and could look to the Mid-West players, particularly given its lack of debt and its expertise in pellets".

© 2005 West Australian Newspapers Limited
All Rights Reserved.
Top Home

Cheers

Vermante

msparks

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Post Number: 48
Registered: 10-2004

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Saturday, March 12, 2005 - 09:21 pm:

http://www.321energy.com/index.php
http://www.321energy.com/editorials/hoye/hoye030905.html

rederob

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Post Number: 656
Registered: 10-2002

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Votes: 1


Sunday, March 13, 2005 - 12:21 am:

G'day Ms Parks (as Old Wombat presumed!)
Hoye's article is interesting but he sits on the fence after offering ideas on where oil might be and where it's heading.
The overriding fact is that the world has ample oil for now and even the next 50 years.
But there is barely adequate capacity to meet present demand for crude, and just enough refining capacity to keep wheels turning irrespective of which continent you are on.
And oil discoveries are fewer and less robust year on year - indeed we are near "peak oil" and closing in on the downhill slide.
It means that over the next ten years it is possible for oil prices to meander up and down.
However, if a substitute for oil is not found for air/vehicle travel it is inevitable that oil will rise to meteoric prices until we just don't go places anymore!!!
Have you ever wondered why no new refinery has been built in the USA for 20 years?
Oil companies would generally be concerned about oil prices staying too high too long as it negatively affects world economies and causes recessions - not good for business.
Nowadays, however, higher oil prices are needed to sustain massively expensive exploration/drilling campaigns, often offshore in deep waters.
Take your eyes of the charts for a while and think about what's happening.
We have a finite resource that needs to satisfy increasing annual demand, and we know that its reserves are drying up faster than they can be replaced.
If the writing is not on the wall it's probably because the sh!t hit the fan, as dogalog might say.

julles

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Post Number: 1400
Registered: 01-2003

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Sunday, March 13, 2005 - 01:09 am:

I'm seeing where your coming from Rob, I've held great respect for your posts and contributions to the forum.

I have a question, and I hope you can help.

As you've mentioned the Oil Energy reserves are drying up, the have too. Einstien theory. Nothing lasts forever,

With that fact established what will the world look for as Energy sustinance. I'm not well read or educated and I'm not being fasciscous. An honest answer will be read and appreciated.

Thankyou... Julles ... Please do forgive my spelling I tried three times with spell check and a year 9 education didn't seem to help. Apologies and Thankyou.

Julles

rederob

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Post Number: 657
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Sunday, March 13, 2005 - 09:46 am:

Julles
Can't really answer your question as don't know - might be very rich if I had a clue.
Apart from using wind, tide, solar, biomass, geothermal etc, energy sources for electricity generation, there is a lot of research into "cracking" water and using hydrogen as the combustible alternative to gasoline/petrol.
Others may be more clued into the latest state of play and want to contribute.
I won't include nuclear at this point as power production costs ignore waste storage cost and environmental issues.
We will continue to use oil until it no longer gives us desirable "bangs for the buck".
In other words, there is no more cost effective investment in "portable" energy than there is in oil at this point in time.
When the numbers decisively tip in favour of alternative energy sources, oil will be relegated to the pages of history.
Just as people of the 19th century could not have conceived of television, let alone computers that allow immediate text voice and video communication across the world, I dare say an energy source is out there that we cannot today conceive.
Sorry that this may not be what you hoped for but my education in this area is very formative.

My "Jules Verne" attempt at a solution would be a machine for transportation that harnessed gravity and moved effortlessly, silently and without using any present day energy source.
Prize to first reader who has a picture of "gravity" (that is not a falling apple!)

archer

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Post Number: 515
Registered: 11-2002

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Sunday, March 13, 2005 - 09:52 am:

There are many alternatives out there Julles just waiting
to be unlocked,and the key is higher oil prices
there have been many oil wells drilled in the last fifty
years that were capped simply because they were not
economical at 20-30 dollars
then there is the massive canadian oil sands projects
some say they are as big as the arab oil fields but need
60-75 dollar per barrel to be economic-others say 80-100
dollars per barrel is required
then there is the coal to oil conversion process which china
is getting into as they have vast coal reserves
http://www.321energy.com/editorials/litle/litle031405.html
Higher energy costs will also spur greater research into
other alternatives like solar,wind,hydro
http://www.earth-policy.org/Updates/2005/Update46.htm
http://www.earth-policy.org/Updates/Update45.htm
The key though is higher energy costs and therefore higher
inflation for many years (possibly decades) to come
Archer

msparks

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Post Number: 50
Registered: 10-2004

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Sunday, March 13, 2005 - 10:36 am:

just a few thoughts

If you were an oil company would you release the patents to alternative energy sources,like hydrogen ,just because the world needs cheap energy.Oil companies rule the world!

Perhaps expensive energy may make people think a little harder about the size of the motor in their chariot or the efficiency of their energy usage in the home.

You have to feel for the nations that only have oil as a resource.

Do you think there would be that war if there was no oil?

Nuclear energy is the only way they can replace coal for electricity generation, they just have too much resource to sell before they allow it to happen on a larger scale.

Solar,wind,water/hydro(whats that,have we any left), etc are only gap fillers unless people decide they only need it when the sun shines or the wind blows. (not likely)

ingot54

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Post Number: 451
Registered: 05-2004

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