rbblum

More Bullishness for Oil Heading into 2010

As beneficial as it may be to discuss the big picture regarding oil
availability vs global demand, it may be just as significant in maintaining a discussion regarding the underlying currents of the proven oil fields currently available to the US vs future availability to the US at reasonable costs . . . expecially when observing continuing, negative trends which include (but not limited to)
Venezuela redirecting their oil contracts away from the US, to China; the dwindling life of Mexico's Cantrell Fields and; the anti-energy bias of the US initiated by the 'environmentalist/global warming' clique.

Oil Prices, Global GDP, and Net Oil Exports

As the number of net oil exporters diminish how likely will it be to experience an economic energy war (of sorts) and what will the likely significant aspects look like in macro and micro economic considerations.

And You Think Today's Gas Prices Are High?

The US standard of living will naturally find a new, lower equilibrium point for having the pendulum swung excessively past the point of moderation in the western capitalism system.

Absolutely fascinating times in the history of the US being at the crossroads: Energy & Politics (leaning socialist, more and higher taxes as well as more entitlements at lower quality levels, more waste, fraud & abuse facilitated by bureaucratic environment, battling the environmentalists' ghosts, continual growth of the North American Forum with open borders and clemency of current illegals, weakening of the US military complex, Middle East powder keg).

Pay Attention to Oil Decline Rates

When the field as a whole goes into decline, as it must some day, it will be the beginning of the end of the oil age, given Ghawar’s size. Stay tuned . . .

The case could be made 'today' (imho) that we have already passed the threshold of the oil age decline as evidenced by global oil price
having migrated to a maximum equilibrium level. Thus, necessitating the current transition into any and all available energy sources that hopefully will result in securing or developing an efficient, cheap, long-term energy source.

Investing Into the End of the Hydrocarbon Age

Appears as though the message is lost for some in that one energy source (electron) will enable more freedom and flexibility. That is, where and how energy source is implemented with ease of oversight and service, all the while being able to maintain and update the existing grid and off-grid storage capabilities. Whereas, the future's continual hunt, discovery, bargaining and servicing of a specific energy field (oil & gas) is inefficient, unpredictable and subject to unfair leverage of power players - including representative/dictato... governments, direct/indirect buisness interests, designated committees or armed thugs).

Our Energy Future

Thanks for the article providing additional energy informational sources. An indication education is forever . . . for those willing to learn and maintain an open mind.

Congressional Insanity: Sue OPEC over Oil Prices

Maybe it is the US Congress that should be considered in violation of the RICO (Racketeer Influenced and Corrupt Organizations) Act, Title 18, United States Code, Sections 1961 - 1968. . . being bankrupt in acting responsibly, providing appropriate oversight and providing long term leadership to act . . . whether it be an energy policy, securing the national borders, failing to maintain the integrity of the US dollar, not curtailing waste, fraud and abuse of taxpayers' monies, physical properties and institutions.

Have a safe and pleasurable Memorial Day.

The Department of Energy Fails Us

. . . contacted the DOE a couple years ago to discuss . . .

I would be guessing that you have come to realize you were communicating with a bureaucratic entity created by the political class having powers of oversight; therefore, regarding their 'mission' and action plan, all US citizens are equal (as in irrelevant).

Peak Oil: While Washington Sleeps...

. . . the United States had succeeded in its great, historical mission - globalizing the world.

Although a significant issue is currently being addressed in global energy, so too will a significant issue be addressed in global foods/agriculture . . . but in a greater magnitude.

Congress' Idle Threat against Oil Producers

Your article substantiates why the act of morphing into the North American Union is a slam dunk . . . by default.

The Geopolitics of Peak Oil

The US government could flex its power by declaring (confiscating or taxing) the oil of Anwar as part of inventory of the U.S. Strategic Petroleum Resource.