enviro111

Peak Oil as a Function of Earth's Volume

It is absolutely preposterous to use volume of Earth statistics and oil reserves in the same analysis. They have almost nothing to do with each other. For starter's oil has never been found deeper than 30,000 feet in the Earth. It is almost always found in sedimentary rocks, and was created as a result of a previous severe global warming episode on the Earth about 75 million years ago. It does not 'bubble up' from the core of the Earth.

Voices About Oil

BPT has a really limited life due to the massive depletion of prudhoe bay. the current high price for BPT doesn't allow for the massive depletion. The high yield is really a mirage.

COS on the other hand is cheaply priced, has massive reserves, and is politically safe in Canada. Oil is likely to rise from these depressed levels and COS will resume their high dividends.

Obama is not likely to go after the Canadian oil sands. I think in a few years, the USA will be scrambling for what ever oil it can get and it will not have the luxury of boycotting canadian oil sands because they produce a lot of CO2 emissions versus conventional crude. Also, in a few years, Canada's conventional crude production will be low enough that they will be forced to keep most of their oil sands production at home. They are mitigating the CO2 problem by building windmills (suncor). Politically, oil sands will have few enemies in Canada.

Big Oil Once Again Abused by Congress

Perhaps we can nationalize Barta's home from him. It wouldn't be 'stealing' would it. Give it to a nice deserving family who is losing their home to a foreclosure.

When private property rights are abused by the government the entire society goes to hell quick. I suspect Robert Mugabe is Barta's mentor. Barta if you like nationalization of assets and lots of government control move to your paradise Zimbabwe.