zenalgorithm

Petrobras: Set to Become a Global Oil Major - Barron's

I agree with the above poster. I don't care about any facts...peak oil is here. Even if there are 20-30 million more barrels/day of oil pumped next year or the year after, I still won't believe it.

Nationalizing Oil: Well-Intentioned, But Wrong

Republicans: Let the free market defeat the price-fixing, manipulation, and monopolies that inevitably form in the market. The economy may become very unstable in the mean time, but feast or famine bubbles are good for profits.

Democrats: The poor people suffer the most when the monopolies price-fix and manipulate prices. To keep the poor from starving, crime rates from soaring, and widespread suffering - monopolies must be heavily regulated by the government, even if it's bad for corporate profits.

Nationalizing Oil: Well-Intentioned, But Wrong

It is difficult to manipulate the energy market when there is a large surplus of energy. The government has to do what the energy companies won't - create new energy sources.

The government possibly needs to build solar and wind farms, and hydrogen producing plants, then auction them off to the energy companies.

Nationalizing Oil: Well-Intentioned, But Wrong

I meant $450 billion+/year, not $450 million in oil imports added deficit.
"The oil trade deficit bleeds $450,000,000+/year now."

I also think the government should add a national gas tax of $1/gallon. This would take off a dollar from the speculators...and put it into the governments hands to fund energy alternatives.

Nationalizing Oil: Well-Intentioned, But Wrong

1. Enron
2. Amaranth
3. BP
4. Investment Banks/Hedge Funds???
5. ...next year???
6. Peak Oil Sooners???

What do you do to control the inevitable recurring manipulation in the energy market?

If not nationalized - broken up, heavily regulated, and more heavily taxed to help fund and develop alternatives.

The next president needs to fund and build a huge new energy infrastructure - solar, wind, and hydrogen. The oil trade deficit bleeds $450,000,000+/year now. Why not spend at least $1 trillion on this new energy infrastructure over the next 10 years?

Oil Will Peak at $150-200 - Barron's Interview

Murti:

Oil is going to $200! But in reality it should only be worth $75.

Wall Street bandwagon analysis.