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  • On Oil's Sesquicentennial, The Dream Becomes a Nightmare [View article]
    Actually, the crude oil industry did not take off until the advent of automobiles, trucks and airplanes. That happened very late in the 1800's and early 1900's. We are talking about an industry that is just over 100 years old as far as universal usage and already in severe decline as you stated above. I have to agree with your last paragraph. Catastrophic conflicts will result. Humanity will not adapt as quickly as it should. Sorry to say that.
    Jul 06 09:08 am |Rating: +6 -2 |Link to Comment
  • Oil ETFs: Worth Investing In Anticipation of a Price Rebound? [View article]
    In order to trade oil this year at an "average" of $60 a barrel we would have to have it trade for a period of time considerably above $60. I don't see that happening. It may trade at or above $60 towards the end of the year.
    Jan 14 17:03 pm |Rating: +1 0 |Link to Comment
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