Brahm

Will Global Events Keep Oil Above $100?

Sorry for the truncated and un-reproofed post above. I pressed a key which resulted in the post above which was not ready.

Readers caught the drift though, perhaps. Things will continue in a cat and mouse fashion, even if unsatisfactorily for both sides. Neither side wants to go to the drift. Russia will assert its interests on its borders, whenever it can. It is for the UDS and Europe to figure out how not to get these countries on the periphery of Russia to behave without getting themselves be swallowed by Russia due to their fown follies (as In Georgia recently).

The markets will learn to live with this situation, if it does not get pout of hand. Oil and gas will con tinue the westward flow. In time the priceds are just going to reflect supply and demand. As long as this ha[ppens, I will be cautiously bullish long term for Gazprom, Lukoil and the Russian market..

Will Global Events Keep Oil Above $100?

The tensionis going to continue, but within bounds. On the chess table side, Putin (or Russia) is not going to play dead or allow the US-Europeans bring NATO and missiles to its periphery, if it can help it. The Europeans, more than the US, would not want to up the ante to the point that both sides won't be able to back off, and a real cold-war begin again. So my guess is the Europeans will go only so far and no more with the US in making it really cold or hot for that matter.

What about Russia? It also would not wish to go to the brink in protecting its immediate neighbourhood from encroachment by hostile forces or missiles. It needs to export its energy (oil and gas) and raw materials to the west and Asia, and get technology and investment for development of its economy. It woul;d also not want to retiurn to Soviet era days when it was boxed in more than one way.

Western Europe (and the world) cannot do without Russian oil and gas for the forseeable future. So the US and Europe will pla

Reasons to Love 3-Digit Oil

The energy and global warming conundrum is not going to be resolved by just inventing or resorting to hybrid, electric and smaller automobile vehicles. It really needs "change" and real drastic and fundamental change change in our life-styles in many ways. Smaller and more energy efficient houses, the end of suburbia and distant commuting lifestyles, much more public transit which is affordable, the end of intercity commuting for going to work in an office and related, perhaps mega- and livable towns/cities coming into fashion again, etc and etc. What the American car driver will save by using hybrids, electric, hydrogen and etc and etc would be more than offset by several times by newly affluent Asians and Latin Americans. The American model of lifestyles have to undergo rapid change to save this planet, because that is the basis or ideal which the world at large tends to copy. And, that copying on a mass-scale is marching us all on toward bigger and bigger disasters in all kinds of ways!

1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

Hey, people or rather consumers and investors: It is not the end of the availability of oil, gas or what we call hydrocarbons. It is the end of the availability of CHEAP oil and gas. More oil and gas will be discovered or drilled from wells, formations, and seas which are more difficult and costly from the point of view of eccessibility. The second issue, which is as relevant as the first described above, is whether the world in general can afford to consume at a rate as high as that currently being consumed in the US and the other OECD countries. If you are concerned about the expedited rate of global warming, we have witnessed in the last 50 years, the answer will be an emphatic"NO!". No ifs, buts or maybe's to it!