cynic69

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

I think the high price of oil is going to throw the world economy into recession. The price of oil and oil stocks are going to recede at that point.

Russian Energy and U.S. Implications

None of you guys have talked about conservation. J. H. Kunstler says its way too late to convert to alternatives. He says the only way we can come close to saving ourselves from chaos is conservation. Get those stupid trucks off the road and ship stuff on the cho cho. Build some high speed trains and dump the airline industry. Tax the poo out of new cars that get poor gas milage. Require all new buildings and homes to install solar panels, solar hot water heaters and geo thermal systems for heating and air conditioning. What you say! Regulations disagree with our capatilistic mantra. Wellll I think that these unregulated business people that run the country with their lobbies are the ones that got us into this mess. The super rich won't have to worry though, I'm sure they have their bank boxes full of gold doubloons. That should get them comfortably through the chaos and energy wars.

An Energy Policy That Makes Sense, Revisited

Energy conservation will never be implemented in this country until there is an extreme emergency. Higher gasoline prices are the best thing that could possibly happen. It may be the death nell for SUVs and the stupid airline and trucking industries. When more nations start hoarding their oil (Saudi Arabia is saving oil for future princes) its going to be a real advantage for the US to have the option of obtaining our last remnents of cheap oil from ANWAR and offshore.

Fast Money Recap: 3/10/08: Financial Ruin

You guys are not thinking logically about the situation. Oil prices are going higher and these high prices are going to cause the world economy to tank. The oil companies have not found any new oil fields in 4 years. Alternatives are a stupid joke (it takes more energy to make solar panels than they generate in their lifetime). I think that anyone who is long this market is in for some serious disappointment.

What's Really Behind This Oil Price Crash?

My uderstanding is that Iran has some long term contracts (at lower prices) with China that prevents them from benefiting from past increases in oil prices. If thats the case Iran may not be suffering (anymore than they are already suffering) because of falling oil prices.