Where the Hell is peek oil?????

[Mega]

Seems to have very quite on the oil price front.....er why?
Mike

[ASH]

Re: Where the Hell is peek oil?????

Seems to have very quite on the oil price front.....er why?
Mike

Economic stagnation, and fears thereof, mainly.

[btattoo]

Re: Where the Hell is peek oil?????

In a way, we're hoping for more such stagnation fears, aren't we? So we can swoop in when oil's at $70 and trade our gold for it.

[lakedaemonian]

Re: Where the Hell is peek oil?????

In a way, we're hoping for more such stagnation fears, aren't we? So we can swoop in when oil's at $70 and trade our gold for it.

I would back up the truck and "buy" oil at $70......but buy what?

USO seems like the least bad option.

I did well in CANROYs a number of years a go but exited with the legislative changes...maybe worth looking into again? A few like AAV seem off a bit...surely it has to bottom at some stage.

If only there was an oil version of Uranium Participation Corp.

Take everything I say with a grain of salt......my post is more reconnaissance by fire than anything.

[GRG55]

Re: Where the Hell is peek oil?????

Economic stagnation, and fears thereof, mainly.

The Middle East is just coming off the month of Ramadan, and Eid al-Fitr leading into this current weekend. Now that the summer temperatures are about to abate, I would expect the heat of protesting to pick up again. We'll see if that does anything for the oil markets...

[Starving Steve]

Re: Where the Hell is peek oil?????

Seems to have very quite on the oil price front.....er why?
Mike

Peak oil supply won't come for hundreds of years IF we drill deeper, drill off-shore, drill through shale, do side-a-ways drilling, up-grade heavy oil and tar, and convert coal to synthetic oil. And this would mean telling the eco-frauds and the preservationist-frauds to f***off, worldwide.

The above mentioned frauds in Britain were writing just weeks ago that there was no more oil and gas to be found in the North Sea, BUT guess what: another well was drilled by Stat Oil, and they discovered a gusher that is going to yield 500,000 to 1,000,000 barrels of light crude.

There is oil and gas everywhere. There is light oil leaking out of the sea-floor off-shore of Los Angeles and Santa Barbara. That oil is just waiting to be tapped. There is oil under the Gulf of Mexico in massive quantities. There is oil in the Beaufort Sea off-shore of the Yukon. There is oil and gas offshore under the Mediterranean Sea. There is oil and gas in Siberia.... The Indian Ocean has barely been explored. The South Pacific Ocean is all but unexplored. And the Southern Ocean is unexplored. The Atlantic Ocean floor may have oil in many locations, including offshore of the east coast of America. The Hibernia oil field off of Newfoundland has barely been developed. There is oil in North Dakota and Saskatchewan, just now being developed. There is oil off-shore of Greenland, heretofore undeveloped. The Florida Straits are all but unexplored. There may be oil off-shore of Baja California. There is oil off of Australia. Oil was only recently discovered in the South Atlantic off of Brazil. The list goes on and on.......

This whole mind-set of "sustainability" and "finite resources" and "can't do" is absurd! That kind of thinking is for a dying civilization on this planet...... As Ed Shultz said, "Thinking small and finding micro-solutions, just muddling-through and just getting-by sounds downright un-American.... It was never the American way of doing anything! It was never how America got to be great."

LEAN FORWARD

[btattoo]

Re: Where the Hell is peek oil?????

I would back up the truck and "buy" oil at $70......but buy what?

USO seems like the least bad option.

I did well in CANROYs a number of years a go but exited with the legislative changes...maybe worth looking into again? A few like AAV seem off a bit...surely it has to bottom at some stage.

If only there was an oil version of Uranium Participation Corp.

Yes, the oil/commodities play will be much more complicated than the gold/treasuries play - I'm hoping EJ figures out how to help us navigate the coming changes. Some of those Canadian Trusts still have dividends (Penn West does). Not sure if this guy's site is accurate but I'll post the link: http://www.dividenddetective.com/can...lty_trusts.htm

[Mega]

Re: Where the Hell is peek oil?????

F*ck............I want £2.00 a litre !!!!!, £3 would be better still!
Mike

[phinolerun]

Re: Where the Hell is peek oil?????

In a way, we're hoping for more such stagnation fears, aren't we? So we can swoop in when oil's at $70 and trade our gold for it.

EJ has mentioned that one of the best ways for the average non sophisticated investor to get in on the oil play is to buy good quality dividend paying oil companies that have a direct exposure to the price of oil. The key of course, like anything, is buying at the right price. If we even get close to 2009 pricing in some of these areas, I won't make the same mistake of staying on the sideline this time.