Investor612

Will Global Events Keep Oil Above $100?

The president is an "idiot," but Jimmy Kingsdale who supports a socialist who openly proposes confiscating oil company profits to fund a rebate is one smart guy? Sorry, not buying that.

The Oil Bubble Will Meet the Same Fate as Tech, Housing

Comparing oil to tech and housing isn't even apples and oranges, it's apples and rocks. The biggest difference is that there are severe supply constraints with oil that didn't exist with housing and tech. There are also global forces at work that increase demand among those who currently use little energy, and more inelasticity of demand with those who currently are large consumers.

Offshore Drilling Isn't the Answer - Supply and Demand Is

Apparantly any uninformed idiot can write a column on SA. "Dave" writes:

" Mr. McCain, for example, wishes to suspend the tax on petrol and open up the artice wildlife refuge for drilling."

Earth to "Dave": John McCain (wrongly IMO) has opposed drilling in ANWR and continues to oppose drilling in ANWR.

Next time take the time to learn the facts before inserting your size 10 shoe in your mouth.

Wonder if "Dave" will have the scruples to publish a correction?

Even Democrats Should Support Offshore Drilling

Mmarrkk, I disagree. Obama is glib or rather he can deliver a canned speech flawlessly in his melodious modulated voice. Smart? perhaps, but he's quite ignorant of economics and history as his repeated gaffes on both subjects reveal.
Like Mr.Kingsdale, I'm also disgusted by the Republicans, though apparantly he prefers expansive legislation from the bench as opposed to following The Constitution when it comes to judges, judicial appointments being one of the things the Bush administration has gotten right.

But as bad as the Republicans are and currently they're terrible, the Democrats are even worse making Mr. Kingsdale's position of voting against those Republicans he likes nonsensical:
The Republicans have spent money like drunken sailors-apologies to the sailors for the comparison. The Democrats want to spend even more money. The Republicans screwed up the occupation of Iraq. The Democrats want to salvage defeat from victory after the Republicans finally got it right. McCain is against ANWR, but at least wants to open up coastal drilling. The Democrats oppose it all and on it goes.
As for Obama's supposed great intellect and judgement, Mr. Kingsdale seems to be doing what voters in my former state did when they elected Jesse Ventura: He's projecting onto a relatively unknown candidate all the qualities he'd like him to have.
One of my favorite Obama virtual reality history moments came when he pronounced that we must talk to our enemies the way Roosevelt did. I've searched and searched and still can't find a single discussion between FDR and either Hitler,Mussolini, or Tojo. And the official communications with Japan that did take place? They served as a diversion from the preparations for the attack on Pearl Harbor.
Apparantly Obama's role model is Neville Chamberlain. He'd be better served by reading Will Rogers:

"Diplomacy is the art of saying "nice doggie" until you find a rock."

or better yet, Clauswitz:

"Those who would avoid war at all costs ensure that they will have it."

Bye, Bye Oil Bubble?

Comparing energy prices to the tech bubble isn't even "apples vs. oranges." It's "apples vs. rocks." One is a necessity, the other a luxury. One sector has stocks selling at mostly under 20 PE's. The other had a majority of stocks with no earnings whatsoever.

Chistletoe makes a good point. The other day I heard a woman complain that she was astounded that a gallon of gas now cost as much as a Grande Latte at Starbucks. Shouldn't she be perplexed that a cup of coffee costs as much as a gallon of gas?

Energy Demand: China vs. the World

Exactly aquabiker. But when you're dealing with someone who actually thinks there is such a thing as a "world community" capable of concerted action you're wasting your breath

The 'Peak Oil' Myth: New Oil Is Plentiful

A very superficial and frankly silly analysis. Yes, lots of new reserves have been found. Reserves have actually grown. The flaw in making a simplistic conclusion on that increase is the different nature of the reserves. The recent finds are deeper and/or require more complex and costly measures to exploit. This increases the time it takes to produce from the new found reserves and decreases the rate of production once they come online.

T. Boone Pickens Remains a Fervent Oil Bull

T. Boone Pickens has "trouble distinguishing between speculative bubbles and turning points and has trouble calling turning points?"

I recently read T. Boone Pickens BP Capital made a cool billion and a half last year. I'd like to share in Mr. Pickens' "trouble."

Where the Oil Rally Goes: Facts and Speculation

$150? Likely in the near future. $200? Possible. Above $200? Unlikely. The combination of drivers cutting back and other forms of energy becoming competitive will put a lid on how high oil can go.

Emerging Markets' Oil Appetite to Exceed U.S. This Year

$200 oil? At some point other forms of energy become competitive and that will put a lid on how high it will go.