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  • The Oil Price Conundrum [View article]
    Some of the posters above obviously haven't read much of Simmons or the Peak Oil perspective...Simmons take has always been that we are facing a geological..not a market... issue. There is NO..I repeat NO ...conundrum about oil. The market price is "fair.." Whatever that might mean..However, the market price may not be reasonable or reflective of real conditions in the supply world. My bet..it's not even close.
    The "reasonable" price must ALWAYS be what producers need to make a profit given the risk they take..for oil that's around $70-75...ANYTHING LESS AND THEY MAKE A VERY SOUND CHOICE..WHY PRODUCE???..IT'S MORE REASONABLE TO LEAVE PRODUCT IN THE GROUND AND COME BACK AT A LATER DATE......
    Morons like Phil Flynn are always looking thru the rear view mirror..the forward thinker wins the day....oil (and nat gas) are depleting...it's a race against the stagnant or falling economy and oil..a burst in one will lead to a very large burst in the other.
    Dec 29 21:02 pm |Rating: +2 0
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