samadams

Cheap Crude: A Flash in the (Oil) Pan

welcome back Fitzman --good stuff as usual

Oil Will Only Fall So Far

Fitz, fantastic post --have you read "The New Great Game: Blood and Oil in Central Asia" by Lutz Kleveman ?

Petrobras: Set to Become a Global Oil Major - Barron's

anyone shorting oil or thinks it's going below $100 is sadly mistaken
this is your last chance to buy at these sale prices in the $120-130 range

ConocoPhillips: Why the Sell-off?

I believe Buffett has a small stake in COP as well but maybe he doesn't know what he's doing

Well said Fitzman and great post

Black Gold or Yellow Gold?

CLH-you are way off base
Too late to buy gold? It's well over 100% below its inflation adjusted high from 28 years ago. You should count yourself fortunate gold took a breather and retracted giving you another shot.
Now is the time to be buying, that is, of course unless you believe the government has a handle of things.

In Light of Peak Oil, Financial Diversification Is a Bad Idea

Great article and great recommendations for diversification MERK and Prudent-wish the expense ratios were lower. Don't fight the trend and it's ok to put all your eggs in one basket, just really keep an eye on that basket. When or if the fundamentals change I'll move out of energy.
I have a friend working off-shore in the gulf and the challenges are enormous. Decades of underinvestment, rusted out rigs, lack of rigs, rising cost for steel, lack of skilled workers below retirement age (seems no one wanted to study geology or petro eng the past 20 years) and really making him nervous, hurricane season starts today. There's probably still plenty of oil out there but it won't be cheap (below $100). The National Oil Companies control the majority of the output and they are going to charge whatever they can to continue to fund their state welfare programs. This is their main source of revenue. I can't blame them. I feel like they are holding us hostage.
I recommend reading Prize and A Thousand Barrels A Second for a better historical understanding of what we're dealing with WRT our reliance upon oil to build and maintain industrial societies and the history behind it. I enjoyed reading the posts even those I disagree with. Keep them coming.