World Oil Snapshot: Big Picture and Investable Advice [View article]
Darned interesting article.
T. Boone Pickens says that you can drill, drill, drill, all you want off the Atlantic coast and you will not find enough oil to justify the cost of drilling. The reason, he says, is that you need to drill at the mouth of large rivers like the Mississippi whose sediment created the oil in the first place. Don't know who is right on this difference in opinion as I consider you both experts on oil exploration. If hydrogen can eventually be cost effectively used to produce electricity, would this not alleviate the demand for oil if we utilize more electric cars? Same for Solar , etc.
I am convinced of our dependence on oil, and your excellent article reinforces that view, to the extent that is possible. PS: Why do you not own oil stocks?
World Oil Snapshot: Big Picture and Investable Advice [View article]
T. Boone Pickens says that you can drill, drill, drill, all you want off the Atlantic coast and you will not find enough oil to justify the cost of drilling. The reason, he says, is that you need to drill at the mouth of large rivers like the Mississippi whose sediment created the oil in the first place.
Don't know who is right on this difference in opinion as I consider you both experts on oil exploration.
If hydrogen can eventually be cost effectively used to produce electricity, would this not alleviate the demand for oil if we utilize more electric cars? Same for Solar , etc.
I am convinced of our dependence on oil, and your excellent article reinforces that view, to the extent that is possible.
PS: Why do you not own oil stocks?