LENR is nowhere close to influencing oil prices, and how can you control inflation by shorting Big Oil ?
The sell-off could be technology related, however. But it is old and not green. Curiously - it is Nazi technology, so at least they gave us something of value. You can call it Messerschmitt Fuel from an improved version of Fischer-Tropsch. Pilot plants are producing a barrel of premium low sulfur diesel for $66, or $1.57 a gallon, using gas at $4 per thousand standard cubic feet at small plants near the shale. In contrast, it cost Exxon about $124 a barrel, or $2.95 a gallon to make premium diesel from Texas crude, almost double. Would you want to keep Exxon knowing this? Smart money seems to be selling Big Oil because there is a glut of shale gas, and the new technology allows conversion of that gas to diesel fuel and heating oil at less than the cost of crude. It's a no brainer and LENR is out of the picture. This glut will not last more than a few years according to experts. An eventual price drop at the pump could put at least $200 billion back into the US economy which had been going to OPEC, so all the talk about sequester is probably hype. However, the bad news in California is pump prices have not dropped much, because we are cursed with the Chevron hegemony and undeveloped shale gas. But that can change. http://money.cnn.com/2013/01/14/news/economy/california-oil-boom/index.html -----Original Message----- From: Joe Hughes I believe it has nothing to do with LENR and everything to do with attempting to control inflation because of all of the European and US money printing (QE). You see the same large companies doing the same to commodities - As he mentioned it is being done by JP Morgan and crew but most likely with the backing of the Fed and the other European central banks. On 03/08/2013 02:52 PM, [email protected] wrote: > Why Are the Big Financial Institutions Selling Oil BIG? > http://oilprice.com/Finance/investing-and-trading-reports/Why-Are-the-Big-Fi nancial-Institutions-Selling-Oil-BIG.html
