Indyphil

GM May Hit $200 Before Oil Does

I think there is some confusion about the term Peak oil here.

I think the article means oil has peaked (refering to the price of oil)

"peak oil" as cjwirth defines it means production has peaked and we are in a phase of declining availability.

Volatility: It's the Oil, Stupid

My personal opinion is that we were overpriced at $135, the market is taking a breather after we saw demand destruction in the US. We know demand lags price considerably. I think youve got to have some big stones to go long for the next few weeks.

We really need to watch Chindian demand to understand the longer term fundamentals, and of course not ignor what Al-Naimi and friends are up to. More personal opinion but I think folks are wising up to the Saudi bluff. 12Mbpd capacity? Sure, and theres this bridge for sale too. 250 Billion barrels of 2P reserves? Hmmmm....