The Truth About Commodities, including Oil - Complete Speculation

[Ivanovich]

Quote from libertad:

http://www.bloomberg.com/apps/news?pid=20601109&sid=aboqiSz1AZm4&refer=home

That pretty much sums it up. Ben has let the commodity bubble blossom in light of a weak dollar, knowing this would help cushion his bank buddy's losses in subprime. All at the expense of the public.

 

[RhinoGG]

Pekelo, through his exhaustive research and many qualifications will be ET's resident Oil, Gas AND Amish Tech expert and continue to remain our resident ALARMIST.

Quote from Pekelo:

Bullshit. The Amish technology is sustainable. The native American technology is sustainable.Hell, even the technology of the 18th century was sustainable for at least a few thousand years...

If nothing changes (they will) we have 40+ years supply left....

 

[Pekelo]

Quote from RhinoGG:

Pekelo,....continue to remain our resident ALARMIST.

A few years back when oil was still below $30 a barrel people laughed at "peak oilers" and they called it a myth. I guess when oil is pushing $140 it is harder to laugh and although reality hurts (as usual) it finally started to sink in.

By the way, what's wrong with the Amish lifestyle? They make pretty furnitures...

The future is downsizing: (either way)

Even better mileage per person:

 

[walter4]

Who the hell is this guy, and what the hell is he talking about?

<embed id="VideoPlayback" style="width:400px;height:326px" allowFullScreen="true" flashvars="fs=true" src="http://video.google.com/googleplayer.swf?docid=3340274697167011147&hl=en" type="application/x-shockwave-flash"> </embed>

 

[libertad]

http://www.50years.org/cms/updates/story/320

 

[Pekelo]

Quote from walter4:

Who the hell is this guy, and what the hell is he talking about?

He was a pastor or something when the Alaskan pipeline was built (aka an expert) and he is talking bullshit...

Anyway, the latest world fuel production:

 

[RhinoGG]

Quote from Pekelo:

He was a pastor or something when the Alaskan pipeline was built (aka an expert) and he is talking bullshit...

Anyway, the latest world fuel production:

HA!
Hey Pekelo, I got a good price on a bridge in Manhattan. Interested?

 

[Pekelo]

Quote from RhinoGG:

HA!
Hey Pekelo, I got a good price on a bridge in Manhattan. Interested?

Of course! If "David Deming of the University of Oklahoma’s School of Geology and
Geophysics" says it is a good buy, I am buying it!

P.S.: Why peak oil deniers always such a morons?

 

[1000]

Quote from Pekelo:

A few years back when oil was still below $30 a barrel people laughed at "peak oilers" and they called it a myth. I guess when oil is pushing $140 it is harder to laugh and although reality hurts (as usual) it finally started to sink in.

I shall be happy to be on your ignore list, because the above is all BS.

There was a note out of a European bank about 3-4 years ago or so, and their analysis showed $70 pb oil.

The reason why no one believes $140 pb is because it is all manufactured made up price.

Every oil person, says that oil should be at the max $80 pb, and that is the max.

But, the market needs a lot of idiots with silly money to hold crude oil at these levels so we can profitably produce alternative energy sources for the length of its R&D.

A better indicator of crude oil price is the Nigerian production / output levels.

Wonder why $55 pb oil sounds familiar to me, indeed I wonder?

 

[ByLoSellHi]

Today, the Congress took testimony that speculators, as opposed to users, hold 71% of CL contracts, as opposed to 40% in 2000.

The CEOs of the largest oil companies have testified under oath that the equilibrium price of oil should be between $50 and $60 per barrel.

But I'm sure that you know more than they do about input/output and production costs, pekelo.