pochovilla

"Peak Oil Pundit" Predicts Rally to $500 a Barrel

Oil at $500 per barrel implies war and total chaos, massive deaths due to starvation, heat and cold related casualties. Even if you could enjoy the wealth effects the likehood of surviving the chaos would offer little satisfaction unless you had a private army for protection. It would be Depression squared (^2).

1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

PHD is from the Homer Simpson School of Finance and Economics. We should all run out this weekend and buy a Hummer before the inventory is depleted.

How Gas Prices Are Changing Consumer Behavior

Resistance to Change. It's a slow process but it has started. The high gaosline prices will change behavior over time. More conservation in terms of fewer discretionary trips, maybe walking a little bit or riding a bicycle are all small steps but will add up. It might only be 2-5%. The greater the squeeze on the wallet the more conservation will occur. It takes time. The summer electric a/c bills will accelerate "energy cost" awareness.

Big Oil Once Again Abused by Congress

Congress vs Big Oil, "As Seen on TV" is the equivalent of a professional wrestling match. Very entertaining.