Al Fin

http://www.alfin2100.blogspot.com

6 Comments

    • Confirmatory Bias and Oil Investing [view article]
      Excellent presentation. Of course, confirmatory bias operates both on oil bulls and oil bears. Everyone is susceptible.

      I must say that the "peak oil" enthusiasts do have a one-track mind. Whether they are not intelligent enough to weigh more than one variable (cause) at a time, or whether their beliefs are simply too strong to allow a complex mental representation of the reality, they seem to be mired in simplisme.       Jul 17 05:07 PM
    • Oil and the Futures Market [view article]
      There are trillions of barrels of oil equivalent in North America. It would cost $40 a barrel to produce this oil. Nancy Pelosi and Barbara Boxer will not allow you to have this oil. Why not? What is the US Congress problem with energy--including oil, coal, gas, and nuclear? Does America need a whole new set of legislators? Jul 03 10:02 AM
    • IEA's Oil Market Outlook: Off the Mark [view article]
      The US Congress is corrupt beyond imagination. It is not just Nancy Pelosi and Barbara Boxer who are restricting energy production in the US, although they are two of the most egregious examples. If the US public continues to elect such neanderthal reactionaries to Congress as these, they are doomed to perpetual high fuel costs, inflation, and recession. Jul 02 12:56 PM
    • 10 Notes on the Crude Oil Fixation [view article]
      "We could be in overshoot mode now?" In other words, there is no bubble, but we may be in a bubble.

      You forgot to mention the political prevention of new oil refinery expansion by Sierra Club and the State of California AG Jerry Brown.

      Peak oil doobies say there's an oil shortage, but what they mean is there's a shortage of light sweet crude. Not the same thing. If the politicos and enviros let the refineries expand to refine the glut of heavier more sour crude, the "fundamentals&quo... would change pretty quickly.       Jun 16 10:36 AM
    • Speculation and the Price of Oil [view article]
      We are to believe that oil jumps $10 in one day due to a sudden change in flow? No. A sudden change in f-e-a-r. Fear=speculation. Speculation=bubble.

      Peak oil doobies believe that demand stays high regardless of price. In this speculative market, price threatens to stay high regardless of demand.       Jun 15 12:39 PM
    • Google's Page, Brin and Brilliant on Clean Energy from Davos '08 [view article]
      Sergey Brin is working on high altitude wind? Amusing. At least Google is doing one thing right. The Lunar X Prize is a low-cost way of instigating meaningful private space development.

      High altitude wind! What a joke.       Feb 29 11:52 AM
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