Oil 'n Gas Capital Drying Up

**bucket** · Mar 12, 2013, 10:14

Anyone with money already knows that oil in western canada is trading at a 30buck plus per barrel discount to the world price.

No sense in investing. Its short term thinking because when things turn (maybe the announcement of keystone or the pipeline to the west coast) they will pay more to develop because of a mini boom created.

Never understood why people insist on creating boom and bust cycles. Why not continue to develop at a moderate rate instead of chasing the dream?

**liberty** · Mar 12, 2013, 11:19

"Never understood why people insist on creating boom and bust cycles. Why not continue to develop at a moderate rate instead of chasing the dream?"

When central banks create a boom through the use of ultra-low interest rates, few people ever consider that this will result in a bust as sure as night follows day. Most people are not interested in developing at a moderate rate because this would entail long term thinking, hard work and the discipline to do without short term luxuries. Instead, most people want everything, and they want it right now. Booms give people the illusion that they can have their cake and eat it too.

**bucket** · Mar 12, 2013, 11:35

I sort of understand low interest rates to create a recovery of the economy, but to get people buying land or houses for three times the actual value that becomes a problem.

If interest rates go up, alot of people working won't be able to put gas in their cars to get to work.

And yet these are educated people.

But I am educated and a couple bad seasons will do me in as well.

**ColevilleH2S** · Mar 12, 2013, 15:13

Will it all just crash already! I've got
cash to deploy, need blood on the
streets.

**hobbyfrmr** · Mar 12, 2013, 19:47

I agree with coleville

**bucket** · Mar 12, 2013, 20:12

hobby

I thought you were going to pursue that "special" deal over my way.

I can find a home for that cash!

Maybe if I say the price is now 1500 an acre you will be more interested?

Seems to be the way they get more investors interested.

**sumdumguy** · Mar 13, 2013, 16:49

Short the bugger and watch her skyrocket. LOL

**hobbyfrmr** · Mar 13, 2013, 18:18

Bucket I did not take it too seriously. I am content
with my operation but occasionally entertain
thoughts of relocating.
I would like to narrow down where the farm is
mostly out of curiosity.
You can email me at hobbyfrmr@yahoo.com for a
bigger bullship session.

**phoenix64** · Mar 13, 2013, 19:51

not surprised with investment waning in the oil sector, we new 3 years ago if we couldn't export this oil especially from the bakken we would have a bottle neck, guess what....we got it. We need pipelines and refining capacity or western canada and north dakota will suffer.

Oil 'n Gas Capital Drying Up