As the world approaches ‘Peak Oil’ crude oil usage will begin to be rationed more and more and the world will turn to nuclear energy to meets its energy needs. As such, expect both oil and uranium to surpass their previous record levels of US$147 per barrel and US$140 per pound, respectively, within the next 2-3 years. Let me explain why. Words: 1446
February 10th, 2011 | Posted in Investing,Oil and Gas,Other Commodities | Read More »
A bunch of bobble-heads and tongue-waggers are saying that the recent decline [in the price of crude oil] shows the top is in… [for]this year. Sheesh, gimme some of what they’re smokin’! Words: 1215
January 25th, 2011 | Posted in Investing,Oil and Gas | Read More »
Once economic growth recovers, it is likely we will return to the market conditions of 2008. The price of $140 per barrel oil was not an aberration; it was a warning. An oil crisis is coming that could prove devastating to future economic growth. Given the long lead times of 5-to-10 years from oil discovery to production, we need to act now to avert this outcome. Words: 862
March 2nd, 2010 | Posted in Oil and Gas | Read More »