SAF

Oil Price Economics the 60 Minutes Way

The 60 minutes piece indicates a bottom in oil prices is in place.

60 Minutes on Oil: Did Anyone Verify Anything?

The Russians cannot live with 40 buck oil. They will create a war situation in the middle east using their Iranian proxies. Some capacity in the gulf will be knocked out one way or another causing oil prices to climb.

Oil=$40/BBl=Russia as a basket case
Oil=$100/BBL=Russia a super power

Which equation do you think Putin will opt for?

Peak Oil's Bell Is Ringing

We hear oil will run out next Tuesday once a decade. We hear the ice caps will melt the following Wednesday and the coasts will be wiped out.

Meanwhile the world is at cross purposes with regards to terrorists who will obtain and detonate a nuclear device in some large city in the west bringing on a great depression and a real decline in oil usage.

Running out of oil isn't even in my top ten of problems facing the US or the world. It makes fdr good reading though.

Paul Krugman + Al Gore = The Way Forward

The Europeans who signed on to Kyoto did not make their emission goals. The only way to make those goals is with a great depression. I took over 10 decades to get to the oil consumption levels the world is at now (and growing) and it will take perhaps a decade just to get to zero growth let alone a reduction in use.

Any country that unilaterally decides to scale back will face enormous economic difficulties if done the Gore way. In Japan oil imports actually decreased from the late nineties to now. How did they do it? They built dozens of nuclear plants and stopped burning oil for electricity. Here in the US it takes 3 to 4 years to get a permit to move rocks in a lake from point a to b to form a breakwater.

The massive economic efforts required to make dubious environmental goals will be a disaster. Franky I hope they get implemented because its failure is the only way to snap you guys out of the CO2 is bad religion.