LindsayRichards
Tavares, FL
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Quote:Lindsay and Paw Paw are representatives of the oil industry.
I wish it were true. When do I get my first check. I think the fact that we want the prices of fuel to be dirt cheap might tend to dispell your suggestion. Thanks for the early morning laught. I am part owner of the oil companies via my money market funds, but I share that with 180,000,000 Americans including most of the RV'ers and just about anybody who has any type of retirement fund. Those teachers, nurses, firemen, policmen, and others are all part owners of the oil companies. Contrary to what you hear on the news, they are not a really good stock to own. Their return on investment is about 2% lower than average for American business.
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Fezziwig
SF bay
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Paw paw says: "Its a basic rule of physics that what goes up, must come down."
No it's not. That's just a lay-persons interpretation of gravity. It's NOT physics. Did you actually ever take a physics course?
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Paw Paw Festus
Borger TX
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Fezziwig wrote:Lindsay and Paw Paw are representatives of the oil industry. Their salaries and bonuses are based on TODAYs revenues and TODAYs profits.
Paw paw says: "Its a basic rule of physics that what goes up, must come down."
No it's not. That's just a lay-persons interpretation of gravity. It's NOT physics. Did you actually ever take a physics course?
ROLFLMAO!! Thats the best you can do? HALARIOUS!! I hope to meet you some day Fezz. It would be a joy to smoke cigars with you. If you don't smoke, you could chew on a granola bar while I smoked. A camp fire with you and me sitting by it would be interesting indeed.
No, I've never taken a physics class. But I have seen a bunch of hot high flying stocks,,, cool off and crash.
I did recently buy an ultra short ETF. Mid cap - 3X Bear. I believe the entire market is fixing to take a dive. I'm betting 3 to 1 that it does.
Meaning if the market goes down, my ETF should go UP!! Theres a physics challenge for ya.
Today's trivia : "What should be up, is down. What should be down,,, is UP"
Who said that?
I'll be here all night for 3 in a row.
Nana and Paw Paw
2009 6.4 PSD Lariat 4X4 Dually Looong bed
2009 Sandpiper 355QBQ Quad Slide - Quad Bunks with pull out Trundles.
All 6 grandkids have their own bed. The goofy little dog sleeps with us in our KING SIZE MASTER! Life is good...
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Fezziwig
SF bay
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So you know nothing about physics, yet you claim something as a law of physics.
At last, Festus, have you no shame?
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Paw Paw Festus
Borger TX
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After all my postings, thats ALL YOU GOT? Thats the BEST you can do?
I'll make it easy for you. I give up. You got me. I don't have a drgree in physics. What goes up may or may not come down.
Fezz is obviously a representative of the Physics community. His wages and bonus are probably tied to the What goes up, may or may not come down Alumni. It is very possible that Fezz is in on the conspiracy to keep what goes up -- FROM coming down.
Ok, so we've established the fact I've never taken a physics class.
I would say its a fair bet that Fezz has never worked a day in the energy sector.
So, using Fezz reasoning,, when I talk physics, I don't know what the heck I'm talking about. Ok, fair enough.
Wouldn't it also be fair to say, when it comes to oil and gas energy, Fezz doesn't know what the heck HE's talking about?
Fezz: It seems as if you are trying to degenerate this conversation into an ideology battle, which is not allowed here. I also refuse to be baited into such a battle.
Bottom line: I love an honest debate when both sides can talk with some kind of sanity and civility. But when one side chooses to disect sound bites and remove context like a trial lawyer wrangling to win on an insignificant technicality, -- I lose interest.
Good bye, I refuse to roll in the mud with you.
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Paw Paw Festus
Borger TX
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Paw Paw Festus wrote:
I did recently buy an ultra short ETF. Mid cap - 3X Bear. I believe the entire market is fixing to take a dive. I'm betting 3 to 1 that it does.
Did yall see the news today? Oh and BTW, I bought the inverse over a week ago. The price of oil made a dive today. Maybe its temp and will jump back up. I stand by my prediction of a down turn.
* This post was
edited 10/28/09 07:29pm by Paw Paw Festus *
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LindsayRichards
Tavares, FL
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Paw Paw, sometimes when things go up they end up where the sun don’t shine. I, for one, do appreciate your oil patch experience. Do you have any pipeline or refinery experience? I have wondered about the practice of flaming, you know when the dissolved gases in oil that change back into a gas when processed and are burned off. We saw a huge amount of this when we were around the SW refinery area and I have wondered why this was not recovered or if it was a good return on investment to do it. Looks like it could be used for cogeneration or production of power for usage in the refinery.
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Paw Paw Festus
Borger TX
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LindsayRichards wrote:Paw Paw, sometimes when things go up they end up where the sun don’t shine. I, for one, do appreciate your oil patch experience. Do you have any pipeline or refinery experience? I have wondered about the practice of flaming, you know when the dissolved gases in oil that change back into a gas when processed and are burned off. We saw a huge amount of this when we were around the SW refinery area and I have wondered why this was not recovered or if it was a good return on investment to do it. Looks like it could be used for cogeneration or production of power for usage in the refinery.
I guess by "flaming" you mean Flaring. All refineries and chemical plants have flare stacks that always burn. They have clean sweet gas turned into them all the time to keep them lit.
In an upset condition, you need a place to dump your hydrocarbons. Flares provide that emergency exit for those hydrocarbons. The reason there are several flares is: Some things just don't mix. Any flare that has a potential for sulfur or SO2 has to be monitored for pounds per hour.
Most flares have a steam mask on them as well. If you see white smoke, someone has probably turned the steam mask up, its not smoke. It doesn't really mask anything, it cools the flare tip and provides a dampening effect so smoke (unburned fuel) turns back to mist or particulate and falls back on site. There is also a time limit for smoking. This stuff is taken very seriously. The fastest way to end up on the plant manager's carpet is smoke the flare. Guilty... Once, just once...
We are not allowed to burn waste at the flare. We either clean it up and burn it in CO Boilers, Furnaces, or other fuel gas using equipment, or we liquify the waste, clean it up and ship it off for disposal at an approved site.
There is very little waste in our plant. The technology for cleaning that stuff up and using it for something good is outragously successful these days.
That being said, when the plant is in upset? All bets are off. There will be streams of hydrocarbon hitting the flare HARD! When its that or explosion? Burn baby burn!
I've seen our flare melt cheese off the moon before. Deer hunters ten miles away are thinkin,, dog gone is the sun up?
Normally, the gas you see at a flare is sweet gas only. It takes a lot to keep them burning in wind and rain, but its nessasary. If they go out, the EPA will making a visit to collect some of your $$ Then we gotta raise the price of gasoline and I won't get a bonus.
If you see a plant flare smoking? Something has a belly ache. Something is in upset. Usually its a minor equipment failure. If you see a mushroom cloud? We're probably burning gasoline so we can raise the price.
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LindsayRichards
Tavares, FL
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Paw Paw, did you get your check from Exxon on the first?
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Paw Paw Festus
Borger TX
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I get mine form Chevron. Got one yesterday. Or should I say NANA got one yesterday.
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