fairguy

China Pays Too Much for Oil in Iraq at $16 a Barrel

Wrong. The chinese have been practicing capitalism for decades already. Hong Kong is quite free. China doesn't hate US, they afraid of what freedom can do to their people. It can turn them into vegetables.

US is too occuppied with OJ Simpson, Britney Spears, American Idols, America's Got Talent (lol), Miley Cyrus, Madonna, Lindsay Lohan, Jennifer Lopez, Paris Hilton, Christina Aguilera, Brad Pitt, Justin Timberlake and now Michael Jackson's death and Mark Sanford's sex scandal. It's not hard to out maneuver them when the whole population is only half awake. Look at what freedom had done to your nation's financial health.

On Jun 26 01:48 AM User 357705 wrote:

> But they hate us for our freedoms.

Welcome to a New World of Investing

practically all alternative energy options right now are subsidized with taxpayer's monies. Chevy volt is bought with GM bailout. If electric car is so hot, it should able to make it on its own merit.

Welcome to a New World of Investing

romerjt, the US infrastructure is in decrepit state. They have brown out as it already. Since most americans are already up their butt in debts, can they afford to junk their usable gasoline car to buy a 35k volt?? when more people drive electric cars, taxes will follow. Electricity is cheap now because there are no road, bridge taxes in it.

Welcome to a New World of Investing

i know this for sure, world population is continuously rising, plus moving up of living standard world wide which mean more demand for foods and energy, like it or not. Food is energy btw. Those idle tankers full of oil are just a tiny blip of the overall energy demand trend which is UP.

$25 Oil Could Happen Before a Return to $100

"Remember, oil is expensive to store"

what a joke. Oil is stored in reservoirs for billions of years, at no cost at all.

Is Oil Demand Falling Off a Cliff?

oh yea, another point i like to make:D
that oil demand dip from the chart can be partly explained by seasonal drop during a period between end of summer driving and before the upkick of winter energy demand.

Is Oil Demand Falling Off a Cliff?

yes, it is a fact that sunspots in its low cycle now, and historical climate record say this will lead to colder temperature. I heard some part of montana is snowing now. Another trivals, in the past recessions, people gain weight. Why? They are depressed at home and they eat more.
Also i heard many plans for LNG terminal are toasted due to for gas prices and poor credit lending market. Those shale gas will help out for 3-5 yrs. They have high decline rates and they are expensive gas to drill for.

Is Oil Demand Falling Off a Cliff?

john egan, it is true what u say but there is a minimum threshold of energy consumption for anybody to survive. Since energy price is lower now, i'm sure people would not cut back as much on energy consumption. Growing food still required fertilizer, whether at home garden or in the field. Unemployed people still demand energy at home like running TV and running AC or furnace that would not be if they were gone working. I think too much energy picture is focused on the US. Countries like South America, Asia, middle east would not cut back of material and energy consumption by much as they are still booming with population growth, and they all want to live and be wasteful like the amercians.

Is Oil Demand Falling Off a Cliff?

this oil crash is only going to set ourself up for the next oil boom. All oil companies are now on yellow alert and capital perservation is on their mind. New investment in new exploration, development will be greatly curtailed. This mean when the economy recovered, watch out for oil going pass 150 $/bbl. On the canadian side, all oilsand projects planned will be postponed or shelved. Only projects that are 90% completed will get done. Oil and gas exploration doesn't operate like a light switch, on and off at will. Oil and gas CEOs are conservative bunch. They need to see 90+ oil for 1 year or more before they feel comfy enough to start spending on exploration.

On growing our own food, this is a joke. Majority of us don't even know how to grow grass. We hired people to do those chores. One small detailed missed, if carrots and tomatoes takes 2 months to grow, what are u gonna eat during that time? Can somebody tell me how to grow beef and fish while we are at it?