Investors Jostle over the Oil Sands Prize [View article]
Think outside the box, friends. For sure, we do not want to continue helping the middle eastern Arabs who hate us. Bankrupting ourselves "to use their oil" is incredibly stupid. Likewise, we do not need to destroy the planet to power our cars and computers. But all the whiners who insist on a single magic bullet to solve all problems keep denying that it is possible. I fear for the future of my grandchildren, both economically and environmentally. I also know that we can provide a much better future for them, but only over the objections of the vested interests who have no interest in the next generation. Cheap oil is nearly gone. The price is just going up. We need to kick our addiction to petroleum for transport. Think what not buying all that Arab oil would do for our balance sheets. Besides, the pipeline which China is having constructed from the oils sands processing plant to the port of Vancouver isn't there to provide oil to us. It is there to insure China's future supply. They don't need to own the production, only the transport. There are hundreds of ways to beat the problem of power without buying Arab oil or despoiling the planet. Only the lazy and selfish deny that. My wife and I are happy to receive our oil checks, and have no fear that they will still arrive when we use natural gas, wind, solar, and hydro for energy we need. The value of oil for producing products will always be high; we do not need to burn it up.
The Economic Impact of the G20 Ending Oil Subsidies [View article]
Thanks for a very interesting article. As usual jerrydd makes essential points. We have to end our addiction to oil. The ANWR will not make any difference. It has been used as a red herring by the last administration. We have unlimited free clean energy to harness. We already have the necessary technology. We can make changes to the way we do things. There is no silver bullet; the success of our transition depends upon multiple sources. But continued dependence upon oil is poison. I received both oil and natural gas money, but the future of our country is way more important. We must stop putting a millstone (incredible debt levels) around the necks of our grandchildren. Business as usual will turn this country into a second rate power and lead to a much lower standard living. The military can not save us from our own folly. Disclosure: long oil and gas and royalties in both.
Tiber Oilfield Spells Major Upside for Prices [View article]
Wonderful article. Thanks, Elliott. Among the many fine comments Kiwichick's are worth noting. Kiwichick, you did overlook one Chinese move to provide oil for its needs, the activity in Africa. While China is pursuing a coherent policy to insure its future supplies, it also is working on making oil much less of a vulnerability by actually building alternate energy sources. Sounds like a plan. Maybe we should take note. The bottom line is that oil is going to become very expensive, sooner rather than later.
China May Be Eying Metallurgical Coal Acquisition [View article]
Investors Jostle over the Oil Sands Prize [View article]
Likewise, we do not need to destroy the planet to power our cars and computers. But all the whiners who insist on a single magic bullet to solve all problems keep denying that it is possible. I fear for the future of my grandchildren, both economically and environmentally. I also know that we can provide a much better future for them, but only over the objections of the vested interests who have no interest in the next generation.
Cheap oil is nearly gone. The price is just going up. We need to kick our addiction to petroleum for transport. Think what not buying all that Arab oil would do for our balance sheets.
Besides, the pipeline which China is having constructed from the oils sands processing plant to the port of Vancouver isn't there to provide oil to us. It is there to insure China's future supply. They don't need to own the production, only the transport.
There are hundreds of ways to beat the problem of power without buying Arab oil or despoiling the planet. Only the lazy and selfish deny that. My wife and I are happy to receive our oil checks, and have no fear that they will still arrive when we use natural gas, wind, solar, and hydro for energy we need. The value of oil for producing products will always be high; we do not need to burn it up.
The Economic Impact of the G20 Ending Oil Subsidies [View article]
There is no silver bullet; the success of our transition depends upon multiple sources. But continued dependence upon oil is poison. I received both oil and natural gas money, but the future of our country is way more important.
We must stop putting a millstone (incredible debt levels) around the necks of our grandchildren. Business as usual will turn this country into a second rate power and lead to a much lower standard living. The military can not save us from our own folly.
Disclosure: long oil and gas and royalties in both.
Tiber Oilfield Spells Major Upside for Prices [View article]
Among the many fine comments Kiwichick's are worth noting. Kiwichick, you did overlook one Chinese move to provide oil for its needs, the activity in Africa. While China is pursuing a coherent policy to insure its future supplies, it also is working on making oil much less of a vulnerability by actually building alternate energy sources. Sounds like a plan. Maybe we should take note.
The bottom line is that oil is going to become very expensive, sooner rather than later.
The High Dividend Stock Investor's Collapsing Dollar Survival Guide, Part 5 [View article]
I second Boubou's mention of quantumonline as a valuable source. Likewise, there is a TSX site.