knaug60

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3 Comments

    • Fri Apr 18th 16:06 PM | Rating: 0 0
      Commented on:
      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.
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    • Fri Mar 14th 16:35 PM | Rating: 0 0
      Commented on:
      $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.
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    • Fri Mar 14th 16:28 PM | Rating: 0 0
      Commented on:
      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.
      View article »
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