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Permalink Reply by Joe Aldridge on August 13, 2015 at 9:58

But Skip,

There is a trillion dollars in free money here at the current disparity in price. That would go a long way to paying off the debt. Especially, if the price of oil stays low for some time.

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Permalink Reply by Skip Peel - Mineral Consultant on August 13, 2015 at 10:02

Joe, you know....there is no such thing as "free money".  There's always a catch.

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Permalink Reply by Joe Aldridge on August 13, 2015 at 10:11

LOL.....................

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Permalink Reply by Joe Aldridge on August 13, 2015 at 10:15

This concept does two things: One it supports the industry and jobs and second it gives the politicians a trillion dollar teat to suck on at the current price of oil.

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Permalink Reply by Joe Aldridge on August 13, 2015 at 10:18

I came up with this idea in the eighties when we had that crash. I did not have GHS to put it on.

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Permalink Reply by Skip Peel - Mineral Consultant on August 13, 2015 at 10:28

You could get a lot of politicians for 1T teats!  I think you might find a presidential candidate to pick up the ball and run with it.  It might rescue someone's campaign from oblivion.  Don't send it to Jindal, he's too far off the pace.  It needs to go to one of the current ten or to Rick Perry.  Rick could really use the help.

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Permalink Reply by JHH on August 14, 2015 at 7:17

:47 ET | By: Carl Surran, SA News Editor 

• The Obama administration will allow limited sales of crude oil to Mexico for the first time, Reuters reports, citing a senior administration official who says the U.S. Commerce Department is "acting favorably on a number of applications" to export U.S. crude in exchange for imported Mexican oil.
• The shipments, likely to be lighter, high-quality shale oil, would help Mexico's aging refineries produce more premium fuels, while U.S. refiners would continue to get Mexican heavy oil, a better match for them than the light oil coming from Texas and North Dakota.
• Although limited in scope, the move toward freeing up trade will please U.S. oil producers such as Pioneer Natural Resources (NYSE:PXD) and ConocoPhillips (NYSE:COP), which say the restrictions force them to sell oil at below global market rates, and may add momentum to efforts mostly to repeal what advocates see as a relic of the 1970s.
• Among relevant oil stocks: XOM, CVX, BP, RDS.A, RDS.B, OAS, NOG, CLR, WLL, EOX, SM, SFY, PVA, GST, SN, CRK, BBG, CWEI
• Relevant refining stocks: VLO, HFC, MPC, TSO, WNR, ALJ, PSX, PBF, DK, NTI, ALDW
• ETFs: XLE, XOP, XES, IEO, IEZ, PXE, NDP

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Permalink Reply by JHH on August 14, 2015 at 8:26

Here's the whole story from Reuters.  Oil sales to Mexico APPROVED.

 http://www.reuters.com/article/2015/08/14/us-usa-oil-exports-exclus...

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