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  • Peak Oil's Bell Is Ringing [View article]
    "Unfortunately for the inorganic theory, all major petroleum discoveries have come from methods that assume an organic formation process."

    These is utterly false. Just ask the Russians.
    Nov 18 16:59 pm |Rating: 0 0 |Link to Comment
  • Friday Outlook: Commodities, Emerging Markets [View article]
    this is getting ridiculous, and I thought I was a perma-bear. I'm going to buy something today.
    Oct 10 07:46 am |Rating: 0 0 |Link to Comment
  • Wednesday Outlook: Commodities, Emerging Markets [View article]
    The Rome is burning ...
    Oct 08 07:12 am |Rating: 0 0 |Link to Comment
  • Only These Three Things Can Halt Oil's Advance [View article]
    One thing that seems to have gotten lost in last couple years is the trillion barrels of OIL in Colorado mountains that are buried within the rocks. As I recall, CVX was given the rights to extract those OIL. The estimates were the extraction process would become profitable at $100/barrel. So, as it stands, without killing off nature in Prudho bay, US has the largest known reserve in the world.
    May 22 16:52 pm |Rating: 0 0 |Link to Comment
  • We're Nearing Crunch Time for Oil [View article]
    you sound like those people predicting housing price will never fall because you can't create new land. It does not matter if the world runs out of OIL tomorrow, people will only be able to pay what they are capable of paying.
    May 04 09:58 am |Rating: 0 0 |Link to Comment
  • Crude Oil Reaches $92 [View article]
    1. As global demand increased, so have global supply. The oil sand output alone should have been enough to meet the extra demand. Also let's not forget OPEC have been cutting supply.

    2. Falling dollar means rising euro. However OIL have been rising against EURO as well.

    3. War in middle east did not in any way disturb OIL output in any significant way for 5 fold increase in OIL price.

    4. There is NO evidence of crude supply constraint. Only constraint is refinery capacity which have been artificially constrained due to frequent and unexplained shut downs.

    5. IRAN exports crude and imports refined product. Since, according to OPEC, there is abundant supply of CRUDE, not allowing import of refined product by IRAN should in fact increase supply of refined products for the rest of the world.

    I find it truly amazing that DEC 2007 crude is trading at $90 while DEC 2015 crude is trading at $78. If OIL is in fact finite commodity and DOLLAR is to keep falling, then 2015 OIL should be trading at premium to 2007 OIL. What am I missing here?
    Oct 26 16:42 pm |Rating: 0 0 |Link to Comment
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