knaug60

Gas Prices Rise, but the Industry Approaches Growth Stagnation

For those who think there is a huge collapse in oil prices coming, I have two things to say:
1. Peak Oil
2. Asia
Because production apparently can no longer keep up with demand, I see no credible reason crude oil prices will come down. This particularly until the US gets its dollar under control. But it is hard to eliminate a huge trade deficit when a good chunk of it is purchased oil.

$200 Oil - Who's Going to Pay For It?

I don't think that speculation is accounting for more than a small fraction of the world oil demand. Rather, I think we are seeing the first signs that world production has peaked and can no longer meet demand. Therefore, I kind of see $200/brl as a somewhat low estimate. 5 or 10 years from now, we may be wishing we could get $200/brl oil.

Why Interest in Oil ETFs Has Cooled Off

What tide? Assuming world oil production has peaked, what force out there will cause the price to decline? I think anyone who shorts oil is taking a huge risk.