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Michael Fitzsimmons'  Instablog

Michael Fitzsimmons is a firm believer in the peak oil theory and that it will be the dominant investment theme until adequately addressed, i.e. the next few decades. He believes the fundamental realities of worldwide oil supply/demand are the biggest threat to the United States economy, its... More
My business:
The Fitz Foundation
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  • Petrobras' 3rd Quarter Conference Call
    Petrobras’ 3rd Quarter Conference Call
     
    Here’s a link to Petrobras’ 3rd quarter conference call which took place yesterday:
    More »
    Tags: Oil
    Nov 18 10:50 am | Link | Comment!
  • Good rationalization for less global trade

    in this article:

    http://www.theglobeandmail.com/blogs/jeff-rubins-smaller-world/get-ready-for-triple-digit-oil-again-soon/article1343977/

    i like how rubin thinks wrt oil, however, there is no reason why tankers can't run on natural gas engines, they just haven't been up to now. however, the LNG tankers XOM designed to ship qatari LNG run their engines on nat gas.
    Nov 01 09:24 pm | Link | Comment!
  • It's Going to Get Ugly
    The United States has a lot of problems. Most of these problems can be traced to a few root causes:
     
    1)    An unstable energy foundation dependent upon importing foreign oil. This has led directly to the economic, ecological, and national security issues the country faces today.
    More »
    Tags: Gold Silver Currency
    Oct 31 06:45 am | Link | 11 Comments
  • Recycling U.S. Coins into Silver

    Tuesday night I spent movie commercial time doing my annual piggy bank "roll up". Yup, I am one of those people who dump their spare change into a large glass piggy bank and once a year pull it out and roll up the coins. As I was rolling up the coins, it dawned on me how non-precious they have become. The pennies are no longer significantly copper, the "nickels" nickel, or the dimes silver. I am sure someone out there knows (and cares) about the exact composition of the coins being minted today, but I don't want to dwell on that. The point is U.S. coinage is "cheap". It's like they are made in China (wink wink). Anyhow, I decided it was time to trade in fake money for real money. Ron Paul would be proud of me.

    But what kind of real money do I want to own today?

    My SeekingAlpha readers already know I believe oil is the new world reserve currency. I would love to buy a bunch of oil and just store it in some tanks buried in my backyard. But that's impractical and probably against my local zoning ordinances. So, my choices really boil down to gold or silver or some other precious metal.

    More »
    Tags: Currency Precious Metals
    Oct 29 05:08 pm | Link | Comment!
  • Conoco Philips and Natural Gas Transportation



    The Conoco Philips (COP) quarterly earnings conference call was noteworthy for a couple of different reasons. First, the company seems to be taking logical steps to address debt issues in light of new realities. Although several oil analysts suggested COP would sell off its LUKOIL stake, company executives took any potential LUKOIL divestitures off the table:
    (Conference call remarks in bold type)
    Paul Sankey
    More »
    Tags: COP, Energy Oil Natural Gas
    Oct 29 10:22 am | Link | 6 Comments
  • John Hess' comments in Copenhagen

    "If we do not act now, we will have a devastating oil crisis in the next five to 10 years," John Hess, CEO of Hess Corp, said in a speech.

    More »
    Oct 21 10:02 am | Link | 16 Comments
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