tclwrap

USO: Black Gold Waiting to Erupt

Perry, I share most of your opinions. Great Post!

Three Potholes on the Road to Economic Recovery

EDT, you mentioned

"Returning U.S. troops are reportedly being riot trained now. Somebody in Washington is not as stupid as they appear to be most of the time."

This is news to me. Would you share a link?

Many thanks.

Is Oil Bubbling Over?

like to add some supporting material

news.nationalgeographi...

oil carries a cost.

Is Oil Bubbling Over?

amazing the various point of views on the same subject. I think the conception is 2 billion people are going to consume more oil. The US and the world is already complaining about global warming. If the prediction does happen, the concern is not oil, it would be the planet. Therefore the same drivers that motivate higher consumption are the ones that will cause it to decelerate. I think the future looks more urban than an 8-lane highway. For the rest, alternatives will become viable as oil goes up. In the end, stability is reached with oil occupying a much smaller piece of pie.

In the short term, oil most likely would decline due to global economic slowdown. This slowdown should include india and china. I agree with the prediction oil will be back at 70 by next summer. I don't know if the summer is going to be a prosperous time though, I doubt it.