Jack Larsen

Is Crude Oil Headed Lower?

My crystal ball says every drilling rig will be working full speed ahead by July 2011. Recession or not, lets remeber Peak Oil isn't just a concept, it's the Prime Mover; the proof being Global Warming won't be a problem when oil hits $300 per barrel. Cap and Trade? We won't even talk about it any more.

Jeff Rubin: Expect Oil Prices to Rise Dramatically and Globalization to End

The Cost of getting to these new reserves will require triple digit oil prices before it is economically feasible to get at these reserves...


On Sep 25 04:59 AM bluesky123 wrote:

> The "peak oil" theory is being assailed. In the last 1 month there
> were announcements of huge oil finds by BP, Petrobras and Tullow
> Oil. Chevron's giant nat gas venture in Australia has signed 20 year
> supply deals with China and India. Repsol just announced a nat gas
> find that might be the largest in the world. We're finding energy
> faster than ever and we'll soon be driving electric cars that we
> recharge from a solar panel on the roof of the garage. China hired
> First Solar to build a solar field the size of Manhattan. Wind energy
> projects are soaring around the world. Looks to me like the energy
> options are better than ever and oil consumption is going down, not
> up (as indicated by the latest China oil consumption figures). More
> energy options amount to a tax cut for the US consumer, money the
> consumer can spend elsewhere. Oil is going down. Not up.

Bullish Signs from Oil

Methinks you should buy in when it feels right..Or flip a coin..

Plunging property values triggered the global recession? Just a big head fake, CIBC's Jeff Rubin and Peter Buchanan say. They argue triple-digit oil prices are at fault for the current economic woes (.pdf). More here.

There weren't enough days of triple-digit oil prices to affect the economy as you say. I don't even need to read the article to know that !!