GKM

Can Saudi Arabia Push Down the Price of Oil?

And here I thought this author had some useful comments. Fool me once I guess...

A tax on the oil companies will do absolutely nothing. If you want to do something, tax gas usage. How about that for an idea? Curb demand and you'll lower price. Econ 101. Take the tax and rebate it back in some fashion. Give people free transit passes or bicycles or discounts on fuel efficient vehicles from GM or Ford if you must (to get those people back to work). It doesn't really matter. Tax what isn't desired and reward what is.

Pointless article.

Is Oil Bubbling Over?

Let me adds a link to comments I made months ago... seekingalpha.com/artic... (at the top of the comments section).

The Fed is out there handing out money for the I-banks to put into the market and drive the bubble even higher. What the heck to people think the I-banks are doing with the t-bills they get in return for junk? They're using them to leverage up to make more (commodity) investments to bail themselves out and at the same time building in more bubbles - as I predicted back in February. There is only one way this market is going to end and its going to be a doozy.

Peak Oil: The Next 5 Years

Very well said Doug M.

We need to ask ourselves a question though. Why is it that we need to use so much energy? The cheapest and most efficient solution in the long run is conservation. North Americans use about 60% more energy than the average European nation. Think about how much that costs us and saves them on an annual basis. This is an almost entirely unnecessary situation.

We need to sow the seeds of more conservation and the most effective approach to that is a price shock unfortunately. I think we'll see another one of those this coming summer and it will be interesting to see how much that impacts the psyche of energy guzzling North American's going forward.

Commodity ETF Overview

For those who trade on the Toronto Stock Exchange as well, there are a bunch provided by Horizon Beta Pro ETF's hbpetfs.com They are all double up and double down. Also, Claymore also has some on the TSX claymoreinvestments.ca...

There are also the currency etfs like FXC, FXY, FXA, FXB, FXE, FXM, FXF, FXS (because who does want to trade the Krona).