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.

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.

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.