nycDem

Peak Oil, Cars, and Depressions

Nice article. Keep posting. Appreciate the common-sense wisdom backed up by hard facts.

Oil Outperforming Oil Stocks

no, this is what they do. i find it useful. simple and concise.

Oil's Gains Are Due to Fundamentals, Not Speculation

I'm waiting for a real debate between the two U.S presidential nominees about energy.

I don't see McCain bringing anything new to the table (he's a Bush clone so vote for him if you like where the U.S. is heading), but I'm unhappy with the lack of discussion on this issue by Obama.

But we shall see.

Personally, I hope oil goes to $200/barrel. Maybe the U.S. will wake up and start funding much needed public transportation initiatives and curtail destructive suburban sprawl. In the meantime, I'm just going to continue to profit on my energy stocks (oil, gas and solar) as I watch the price of oil spiral upwards and upwards.

I got rid of my car years ago. I live in the city and walk or take public transportation. Whenever I leave NYC, I find that the rest of America has been transformed into a hideous strip-mall of tacky chain stores, fast-food outlets, parking-lots and freeways. We can thank the automobile industry, the oil industry, the housing industry, and the U.S. Congress with it's highway subsidies for the devastation wreaked upon the American landscape.

Personally, I'm hoping for an ending out of the Talking Heads song (Nothing But) Flowers: "This was a Pizza Hut, now it's all covered with Daisies..."

If the apocalypse is coming, might as well profit from it. In the meantime, write your congressman and tell them to support renewable energy...

Oil Hits $140: What Could Trigger a Reverse?

...or perhaps "logicalthought" should not be tossing around insults at all. What we need is intelligent debate. Not rancor.

Also, Brian Pursley, please stop slamming the Dems every chance you get. There are many debates to be had about opening up ANWR, drilling off of the Florida coast (opposed by Jeb Bush - a Republican, I might add), conservation, alternative fuels, etc. But reflexively blaming one political party for the lack of a comprehensive energy policy here in the U.S. is unhelpful.

Ideology only blinds people.

Is There an Oil Crisis Looming?

Great article. I guess what it boils down to is that the price of oil may be peaking right now (and in fact may soon retrench)....but a few years down the road the reality of our dependency upon a finite, non-renewable resource is going to hit us hard.

Frankly, I welcome it. We need a "Manhattan" project for energy. The internal-combustion engine is going the way of the horse-and-buggy - and none-to-soon in my opinion.

On the investing front, I've got call options on DUG...which have performed nicely. I'm still invested in natural gas stocks as well as deep-water oil rigs (on the assumption that these guys are going to be in business for a while trying to reach hard-to-get-to oil deposits).

The big concern is another freak-out in the equities market if oil continues to go higher. This will drag everyone down. I've got put options on SPY and call options on DXD for just this reason.

Better to hedge and be able to sleep at night than wake up and find out your portfolio's been cut in half.

$200 Oil, $2000 Gold?

Sadly, most Americans probably can't afford $500/month for this portfolio. They're too busy paying down the debt on their credit cards or scraping together enough money to keep their mortgage intact.

Maybe the SA audience is a bit more affluent.