Cobra: sometimes these price movements are meaningless
its difficult to attribute reasons to them
pundits and talking heads try to
but that's only to keep their jobs - they have to
10:53 AM no one wants a news caster who says "stocks moved around randomly today for no real good reason"
so who knows
i mean honestly, there isn't that much oil in the atlantic
sizeable amounts, sure, but its not going to upset the global order that much
10:54 AM its more a boon to those state's economies than it is a real market shifter
i really need to just invest in some oil exploration stocks
i've been intending to for like months
they've been on my radar CONSTANTLY
i just didn't quite trust them... because they were oil
dude
i reacted the same way as YOU
gahhh
see how fear influences you?
and this is despite knowing... KNOWING
that oil consumption will continue to grow
and thus, so too must oil EXPLORATION
10:55 AM we need to keep finding and drilling new wells, and even though we feel or fear that somehow that has to end someday
the fact of the matter is its not going to any time soon
Black Mamba: sigh
im JUST btw reading your post on oil
thank you for the shout out
this is a great way to start a conversation on blog ;)
10:56 AM sigh, i mean i guess you're right
but the thing is.. which i argue
i understand that oil is still there and will be for a while (NOT good news for venezuela)
10:57 AM i dont wanna be paying for their shit
if oil is involved in the damn plastic bottle that i drink water out of
sure, awesome
but i resent high gas prices a lot
like A LOT
Cobra: most oil is...
Black Mamba: it cannot be
Cobra: do you have any idea how much plastic we use?
as a society
look it up
Black Mamba: that at one point, gas was my biggest expense
I KNOW
Cobra: for YOU
Black Mamba: which again, i understand
Cobra: but most oil becomes plastic i think
10:58 AM Black Mamba: we should look that up
but im pretty sure
the biggest reason for exxon's profit doesnt come from plastic
because i argue that gas is a much more lucrative part of oil use
think about it
Cobra: we can easily figure this out
Black Mamba: oil has a monopoly on transportation energy!!!!!!!!!
10:59 AM nobody can compete with GAS
it's GAS
it drives our cars, airplanes, motorcycles
even our vespas!
haha
the whole transportation system is dependent on oil
that's fucked up
i dont agree with that
11:00 AM therein lies my hate for oil IN AMERICA
cause we're not even gonna go into my hate for oil in venezuela
11:01 AM Cobra: i mean sure
oil is the only thing that has the energy content PLUS easy transportability right now
lots of people feel like you
hence the research into other forms of energy
look at batteries for instance
11:02 AM hybrid cars are really propelling some amazing research into batteries
which right now are one of the few really viable competitors to oil
and after looking at exxon's annual report from this past february
if you expand "gasoline" to include things like jet fuel and other petroleum derived products
you're right
11:03 AM and you're right about the energy monopoly
still, just because the resource has a monopoly doesn't mean that the industry is one
Black Mamba: ehem
Cobra: its not their fault that there's no other easily available cheap and flexible fuel source
Black Mamba: i mean sure
but
11:04 AM there is a monopoly nonetheless
and i believe in opportunity
Cobra: by who, exactly?
Black Mamba: but now tell me
would the industry REALLY like oil to stop being the monopoly over transportation energy?
sure it wasnt their fault that their product is the only one out there to turn on a car
but..
Cobra: obviously not
but they clearly see the writing on the wall
look at their ads
Black Mamba: you know their lobbies are buying up congressmen to inhibit growth of other shit
11:05 AM Cobra: energy companies are advertising how they're investigating cleaner solutions
Black Mamba: yeah and everytime i look at those ads i laugh at them
Cobra: they're getting behind clean energy
Black Mamba: who do they think I AM to fool me
Cobra: on some level, they have to
Black Mamba: no they're not!
Cobra: public opinion wouldn't support them otherwise
yes they are
Black Mamba: this is them trying to repair their image
Cobra: they need to make oil cleaner if its going to remain competitive
Black Mamba: i guess
Cobra: they aren't fools
Black Mamba: but
Cobra: so they're doing like mcdonalds did
Black Mamba: that's not gonna solve the problem
Cobra: remember when mcdonalds rebranded itself?
Black Mamba: the problem is they NEED COMPETITION
11:06 AM Cobra: from greasy fast food shit to awesome high class shit?
that's like... healthy?
Black Mamba: yeah and rebranding only has made it so that people go THERE MORE
Cobra: it seemed so NOT mcdonalds 3-4 years ago
Black Mamba: doesnt break THEIR monopoly on fast food
Cobra: but like
after awhile, it did become mcdonalds
just watch... a company like exxon or BP isn't going to just lay down and die
they're energy companies
oil is still important
and will continue to be
but so are other methods
and those companies are investigating those methods
they want to get their first
11:07 AM because they KNOW
whoever comes up with SUPER oil
e.g. some easily transportable fuel source that has high energy content but is CLEAN and SUSTAINABLE
that person will become ludicrously wealthy
Black Mamba: well
they already know brazil and other places are coming up with good ideas
although ethanol here involves corn, ugh
11:08 AM but sigh
Cobra: dude
don't hate things just because you think the industries are evil
corn is kinda awesome
and so is oil
the resource isn't evil
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