Bad news Limey's

[Mega]

http://www.telegraph.co.uk/earth/ene...n-reforms.html

You get this...........then Peek oil will hit......then (snigger) the £ will collaspe.

Lets see how many of you are running SUV's then F*ckers!
Mike

[mooncliff]

Re: Bad news Limey's

Barron's sees $150+ oil next year.

http://online.barrons.com/article/SB...el_article%3D1

[Mega]

Re: Bad news Limey's

I see it higher, i think $130 this year!
Mike

[Starving Steve]

Re: Bad news Limey's

While I agree with the Barron's article that oil is heading for $150 near-term, like spring 2012 and while I have been betting accordingly in the stock market, a strong case can be made for the oil price falling because of: Iraq's spare capacity; Libyan spare capacity, Iran's spare capacity; Central Asia's spare capacity; undeveloped oil offshore of Cuba; undeveloped deep-sea oil off of Louisiana in truly mind-boggling amounts, undeveloped oil off-shore of Los Angeles with the oil seeping onto the beaches of southern California; spare capacity off-shore of the north slope of Alaska; huge tar-sands development in Alberta; undeveloped oil in the South Atlantic Ocean off-shore of Brazil; spare capacity off-shore of Newfoundland in the Hibernia field; spare capacity off-shore of Nigeria; spare capacity off-shore in the South China Sea; undeveloped oil in the Beaufort Sea, just to name a few places.

The bullish case for oil near-term is that "talk is cheap", and the eco-frauds and the preservationist-frauds rule-the-day. Also, China needs oil in vast amounts; Russia needs oil in vast amounts; India will now need oil in vast amounts; Saudi-Arabia will consume oil in vast amounts; Mexico will consume oil in vast amounts; Brazil needs oil; Europe needs oil; the Persian Gulf nations need oil; just to name a few "flies in the ointment"......... So near-term, we are dead. Oil goes to $150 per barrel, or higher, and sooner not later.

Very long-term, the world has algae-to-oil technology; coal-to-synthetic oil; and fracking shale to drill for oil. All of these will boost the supply of oil. Plus Mexico has yet to develop its heavy oil, and Saudi-Arabia has yet to develop its heavy oil. But again, these supplies are very long-term for the world. There may also be oil off-shore of Isreal and Egypt. There also may be oil offshore of the east coast of the U.S. There is oil off-shore of Greenland. There might be oil to drill on the floor of the Southern Ocean..... There might be oil in many places on Earth.

[Starving Steve]

Re: Bad news Limey's

Good news, Limeys! Here is your Detroit, "Hovel of the Week"! Imagine what you could do with this property, and the property comes with a billboard, too!

Maybe a coin shop? Maybe a diner? Maybe a bar, open until 3AM? Imagine the fun you could have. And you could use the top floor for an apartment to rent.

14001 Gratiot Ave. Just listed and price reduced to $14,500. MLS # 210141315

Move-out of the United Kingdom, and give your middle-finger to the gentry there.