Dave5577

Don't Believe Long-Term Oil Forecasts

Oil demand will grow at least 1 per percent annually for many years on average. Consider how the developing market economies have been growing. They are buying more gasoline powered vehicles than americans by a wide margin. And consider that their vehicles are not replacement vehicles, they are creating entirely new demands for oil. We generate 25 percent of the global oil demand, and although our share may slowly drop due to conservation and alternatives, the rest of the world too realizes that gasoline at even 5 or 6 dollars a gallon offers tremendous value. They will not be driving 18mpg vehicles, but rather 40 or even 60mpg vehicles so that the costs are still a great value for what you get. One can either ride a bike to work for 20 miles or drive a small vehicle to work and back for 4 dollars, or even a dollar if you get a few passengers to split the cost. We will also see the dollar devalued even if we do not see high inflation. Our economy in the USA is a basket case and the printing presses and mouse clicks will be going full speed to keep the economy afloat.

The End of the Oil Age? Not Quite

The cash for clunkers program was one of the typical ways the clowns in washington deal with a problem...that is, say one thing and do another. The program was touted as a way to save fuel, but mostly it was to stimulate the auto industry and keep those union jobs secure as a payback for those Obama cronies in Michigan and political supporters. Payback and waste of money like this is what gets the US into the trouble we always find ourselves in. The dimwits and crooks run the Country unfortunately...why do we vote for the self-serving non-patriots again and again? The author is very correct; the US does not have a sensible energy policy...if it has an energy policy at all!!! How long has washington had to develop a sensible long-term energy policy? About 30 years...what a bunch of LOSERS!!! The Country is going broke and they still waste our money like it is their own to waste on their pork barrel projects...How about a 300mph speed train from S. California to Las Vegas, Nevada so citizens can waste their dollars gambling...this is going to happen to the tune of over 5 billion dollars. Harry Reid (ranking senator from Nevada) is getting his wish! Meanwhile, the S Californians drive to work on packed freeways daily with no real transportation alternatives to speak of. This is an outrage! More of the same from our clowns in washington!!! I want to puke....

Oil Is Still the Key to U.S. Economic Future

Yes, I agree with the author. Good analysis. How can peak oil prices stay below 100 or more in the not too distant future? Printing fiat currency like crazy we can also expect the dollar to go lower, which will also act to drive oil higher too. We have a debt problem in the USA, besides other problems, and the government is simply inflating more and more to save the economy. instead of blowing 800 billion in stimulus money they should build many nuclear power plants, this way we can go natural gas vehicles and/or electric vehicles. We will have a choice.

Stay Away from U.S. Treasuries - Invest in Energy Stocks

30 TO 40 YEARS of failed US energy policy!! Absolutely!! No doubt about that!! I would hate to have some false starts from here where our leaders get us going in the wrong directions. We do not have the time or money to get this wrong. This is the most important issue facing our country at his time in my opinion.

Stay Away from U.S. Treasuries - Invest in Energy Stocks

I think too that in addition to expanding car fueling options to include Natural Gas, we had better very quickly build 50 to 100 nuclear power plants. The cost of the nuclear fuel is a very small part of the production of the electricity in a nuclear power plant and the plants can run 50 years or so, maybe more. So we will have many years of cheap energy and have many years to pay back the construction cost of the 100 plants. The reason we are not doing this is due to the general democratic resistance to nuclear power. I say they should have the option of buying their energy from windmills, but leave the rest of us to buy the most economical electricity. Thank you. As a country we are facing an approaching calamity. Get going and get some sense in our elected leaders in Washington.