Today, the FED began to inflate this weakened economy by some $600 billion dollars.  To put that into perspective, there is just $600 billion dollars in total cash flow (US Dollars) in the world, The FED is taking the extreme gamble to double the cash supply of greenbacks and potentially devalue the US dollar by 20%.  I wonder if Wally Wang in Beijing like the fact that their bonds are now 80% of par.  It absolutely amazes me on what lengths leftists will do to completely destroy this country we live in.  Instead of going to work, they decide this old busted Keynesian theory crap is still good, we hadn’t done enough of it – incredible!    This hot inflation cash normally goes first to Wall Street – the trickle down usually takes a year to get to the ones that need it – us.  So this is the rise in oil/gas and the other stocks we see.  So let’s see now, with this $600 billion, plus the bailouts and the other stimulus, we have been stimulated some $2.1 Trillion, ahh that’s a “T” in there.  So when this fails, its all over – turn out the lights.

Hope you like the change -

 

Well, I had hopes or expectations that the election process would wake people in this state as to the precarious position the state finds it in, but alas too no avail. The far left radicals retailed their hold over Denver and Boulder and hence trashed the productive potion of this state.  So as most others here on the Western Slope, where people used to work and live, I also have to hit the road in search of job opportunities in other states.  Most of my fellow oil field connections have gone (that’s past tense) to Pennsylvania, Wyoming or North Dakota.  The PA workers seem to have found contentment in the hills of the east. The coal miners have been reduced by 2/3rds from what used to work here.   Families are leaving now,  our businesses  in town are failing and folding up shop.  This is not a very pleasant sight to see.

My latest oilfield update is that the remaining field work that XTO was doing was completely shut down until maybe next spring.  Something about some piece of paper wasn’t filed correctly back in 1987 and some rodent in Denver threw a hissy.  Exxon announce that there were shutting it down to just 2 rigs by Christmas and will be shut down until 2012- waiting to see if the people in this country can through out the bums and go back to work I guess.   Encana folks are totally gone now and acted enraged when they were last around any of the ops people around here – shades of the old days I guess.  I keep hearing the the mantra no coal in 2020 and keep wondering what planet they yohos are from.

So like the old days when we used to say – Last one leaving, turn out the lights -  See ya!

 

Friday, August 6, 2010, 1:33pm MDT
Colorado energy company moves to Dallas
Denver Business Journal – by Chad Eric Watt Dallas Business Journal

Energy company Sun River Energy Inc. says it has completed its acquisition of oil and gas assets in Tom Green County, named new executives and moved its headquarters to Dallas from Wheat Ridge.

But the development-stage company says it will maintain a regional office in the Denver area.

In financial statements filed in March, Sun River (OTCBB: SNRV) reported $1.1 million in assets, $2 million in liabilities and an accumulated deficit of $8 million.

Company officials said they have signed three-year employment contracts with Donal R. Schmidt Jr. to be its CEO and Thimothy S. Wafford to be COO.

Those two previously operated PC Operating Texas Inc., the company Sun River acquired. Sun River also purchased oil and gas assets from FTP Oil & Gas LP, which Schmidt and Wafford also ran.

Sun River issued $1 million in new Sun River stock and convertible notes to pay for the deal, according to securities filings. The acquisition deal includes about 1,610 net acres of leasehold and well bore interests, as well as two shut-in wells.

cwatt@bizjournals.com | 214-706-7123

Read more: Colorado energy company moves to Dallas – Denver Business Journal

© 2013 GECI, Inc Suffusion theme by Sayontan Sinha