Jim Kingsdale

Has Speculation Affected Oil Demand?

I think we need to distinguish between a bubble and a pullback from a too-rapid increase. Looking out five years, this will not be not a bubble if oil supplies collapse within that time frame as some analysts who have studied global production in detail maintain. On the other hand, current prices may be ahead of themselves and we could get a pull back to $100 or so. That would not change the long term picture.

High Steel Prices: A Preview of Peak Oil

CJ: I'm more optimistic on alternative transport because solar thermal, PV, wave and other renewable sources for electricity are fast becoming economic and practical. Link those to an electric vehicle and, boom, you get an alternative transport system. You probably are familiar with this model as promoted by A Better Place (www.projectbetterplace.../) and you probably know that both Israel and Denmark have adopted it as national policy. While those countries have certain advantages in implimenting it, eventually it can be used virtually everywhere I think. But it first takes the intelligence, determination, and expertise of a government to make it work. Jim

Why Exxon Still Denies Peak Oil

Guilty as charged on public schools; thanks for the spelling catch. I'll make a different mistake next time. But on the subject of production contracts between IOC's and particularly, less developed oil rich countries, the sort of contract I described is reported to be common by Matt Simmons and was specifically referenced in the news reports on Exxon's recent earnings.

Canadian Oil Sands Releases Bittersweet 1Q Earnings

The UBS analysis illustrates the uncomfortable box all Street analysts are contained in. They simply cannot look down the road to a realistic assessment of the price of oil. There will be severe oil shortages in two or three years according to all serious non-industry analysts and the price of oil will be substantially higher. That is the reason to own Canadian Oil Sands, not it's current distribution or even a $1.25 dividend that could come next year. I recently posted a very different view of the COS announcement on my site, energyinvestmentstrate....