thinking ahead

Perfect Oil Storm Brewing in the U.S.

If anybody is looking to make up their mind about the supply side of this question, take the time to actually read "Twilight in the Desert". I believe you will be convinced that surplus production from the mideast is a myth. And if so, where will the replacement oil come from? The Brazilian finds are giants, but not super-giants. One more tidbit I picked up from the book: whenever you see oil being pumped out of the ground (as opposed to naturally flowing), that oil field is almost exhausted.

Gold and Oil Price Limits

James;
Don't you think that before even liberal democrats pay $25 for bread, that they will demand the US tap the big oil reserves in Alaska and offshore Florida, California and the whole east coast?

4 Factors Fueling Oil Prices Higher

You are right about China, in particular, wanting to lock up supply at any cost. No US Multinational oil company can compete with the Chinese government. I have no solution for the US. I do have an obvious recommendation for profiting from this reality: RIG, NOV, DO and any other world-class deepwater oil service participant. The NOC's don't care who drills for the oil, they just want to own the result. Deepwater drillers are the investment of a lifetime. And DO even pays a dividend > 5%.