Steven Ward

Roger Wiegand: Oil to Reach New Highs by Year-End

Better yet, make it 20 pounds, this could be a long lousy market. Anybody see China's electrical demand figures, down they are.What's the backbone of the Chinese Treasury, T-Bonds, CDO's, sub prime debt and exports to the USA, which are down as in down large. Just ask the Mayor of Long Beach California, he keeps numbers on this stuff.
Asia will revatalize itself, but not until they go through export hell.

Roger Wiegand: Oil to Reach New Highs by Year-End

I have been involved with oil and oil companies since 1975 when I went to work for Amoco. The history of OPEC is a complete inability to sustain high oil prices. True, OPEC had in the past un used production leadfing to cheating but the point is the same. OPEC needs as much money as they can get their hands on. Development projects delayed could lead to civil strife as many of these regimes are buying off the populace, ala Saudi Arabia, Algeria and Iran and Venezuela. Historically, OPEC hasn't been able to sustain high pricing.
However, OPEC is good at dragging low prices off the floor but only after several years of effort amongst its members.
$149.00 barrel oil? I want 10 pounds of what the Goldman guys are smoking.

Why Investors Worship Old King Coal

I like the possibilities of geo thermal. It seems so convenient. However, latest info from geologists indicate geo thermal sooner or later will cause earthquakes and they don't know why yet.

France killed a geo thermal project in the last few years on the Swiss Border due to quakes in Basil.