Gunslinger

Options Trader: Monday Outlook

I will wager a lot on which one of us is more knowledgeable on the climate.

About that "peak oil..." How much has been discovered this week alone? And finally someone with a brain has figured out how to speed up the process of oil creation - dramatically!

www.tiftongazette.com/...

Options Trader: Monday Outlook

I have no doubt oil prices will trend higher.

But we're talking world production here. Certain countries will peak now or soon. However, that production and more will come from unconventional. New recovery technology and the new price of oil will hasten it.

And that's not even mentioning 'new' oil. The peak oil doomsayers remind me of the global warming (excuse me, climate change) fanatics. Their predictions never come true. Ironically, global warming would dramatically increase the formation of new oil prerequisite.

Options Trader: Monday Outlook

Oil production did not peak in 2007. And the peak oil advocates purposely leave out non-conventional production/reserves from all calculations. That's TRILLIONS of barrells of already discovered reserves. With the price of oil this high, they will be sought after for production.

Enough of the peak oil followers calling a "peak" year-after-year... And being wrong every time.