petervankan

The Ghost of Crude Oil Futures (Part 1/2)

Sure we need oil to get around. However, there are many - simultanious -developments that cut into demand:
people want to save money
non-hybrid cars are on their way out
there's ethanol and biodiesel
Rentech has produced its first barrels of diesel (from coal) for airlines
there's a new president

I expect oil to go up again in 2009 and 2010, up to around 150 again, and from 2011 it will be downhill. The era of oil will be over much sooner than most people expect.

Price of Oil: Speculation vs. Fundamentals

Excellent article. (OK, perhaps I think that because it confirms what I have been thinking).

As for nuclear energy: the only thing that makes sense to me is to use renewable energy sources. The price of putting them to use will decrease and keep decreasing over over time, which cannot be said about any finite source, fossile or other. Uranium is just a way of putting off what we'll need to do soner or later. Sooner is better for us and for the planet.

Ike vs. Refining Capacity and Oil Price

So what you're saying is, basically: we don't know if prices will go up or down.
Gee.

Which Way for the Prices of Oil and Gold?

Given the numbers of dollars that the US economy needs to survive, how will the dollar rise against the euro ? I can't see it heppening.

Oil Prices Finally Changing Consumer Behavior

IMHO people are doing now what they should have done decades ago. Apparently they can do without all those miles.
The reason why the US is not participating in the Kyoto treaty and the Eu is, as far as I can see is this: there are to many people totaly focussud on the conomy in the US, so politicians have very little rom to move. If they wanted to move in the first place, which is doubtful.
As for INdia taking over the miles not driven: let's face it, we in the EU and the US have for decades been obcneley wealthy and wasteful. And now we should continue destrying this planet because we can't allow India or China to have an advantage ? How penny wise is that ? You guys donlt have children ?
As for socialism: I live in Holland. Better social laws, better health coverage, more liberal laws on drugs with infinite better results, fewer people in prison, less cime, better environment laws, better economy.
Don't get me wrong, I love the US. And IMO its only chance of not going down the drain in all ways is called Obama. Oil is over, better be among the first to make the transfer.

Buying Gold for Oil Like George Soros

There are countless passible 'historic ratios'. The question is, if a ratio is way off its historic value, must we conclude that it will move back to it ? Or may we conclude that there simply wasn't any historic ratio in the first place ?
I would say in this case: the latter. There is no ratio behind the ratio, so to speak.

Gold-Oil Ratio Weekly Status Update

Agreeing with Emerald: the impression I have is that Obama at least UNDERSTANDS the situation.

The Oil Bubble Will Meet the Same Fate as Tech, Housing

You're wrong. What else to say ?