Moral Hazards Amok

Peak Oil for Dummies

Oh, pleeeeeeeeeeease! The alarmists have been screaming about peak oil since the 1920s. They were obviously wrong then and they're also wrong now. Oil shale, oil sands, and new technologies allowing producers access to oil fields of much greater capacity than anything we've tapped so far... We're swimming in the stuff if the democrats and their radical Marxist allays will just allow us to produce it.

Let me also point out that our natural gas reserves in the US contain more twice the energy contained in the oil fields of Saudi Arabia. It's very easy to start building trucks and cars that run on NG, and indeed we will soon start making that transition. Epiphany, folks, it’s very easy to transition to a NG transportation economy and we’re beginning to do so. Problem solved for several more generations.

A much better article would have been about why peak oil is a myth, complete with much better references. But then again, no doubt our young author probably has a political agenda.

The Ultimate Commodities ETF Guide

Pretty much everything in this list looks like it’s at the top of a short term trading channel except for --- WOW look at that! UNG!

Pull it up on a weekly chart and notice the extremely high trading volume of this last week’s breakout. This train is just now leaving the station and still has much farther to run. Good luck all.