Peak Oil

[BlowFish]

Another link....haven't got round to watching this one yet

http://www.informationclearinghouse....rticle8582.htm

[aiki14]

I am thinking some of the oilsands companies are good long term plays in the current and future environments regarding oil price and supply. I have a bit of BQI just in the event this thinking pans out

[The Bear]

	Quote:	aiki14
	I am thinking some of the oilsands companies are good long term plays in the current and future environments regarding oil price and supply. I have a bit of BQI just in the event this thinking pans out

The Canadian Oil Sands has a ton of supply that is un-developed, but it takes big bucks and a ton of fuel to extract, and it's costly...but it's there, and I can't see how these reserves wont become increasingly important to our world.

The actual reserves are massive.

[walterw]

also the liquification of natural gas into nafta and gasoil looks promising...

[walterw]

Yesterday crude oil made another record high... almost $100 per barrel...

clear sintoms of peak oil ? cheers Walter.

[The Bear]

	Quote:	walterw
	Yesterday crude oil made another record high... almost $100 per barrel... clear sintoms of peak oil ? cheers Walter.

It's highly possible that the new pricing of oil is really reflecting this. The media likes to blame it on 'pure speculation', but it is the speculators and all the other market participants who are setting the price for the future.

The point is, they say because it's just over speculation, oil will crash back down to $60.00 bucks soon, they are trying to 'blame it on something', to tell the public that it's not real. What if this never happens and it keeps slowly rising? Or what if the next pullback only stops at $80.00 then turns right back up again to take out the 100 mark?

Alot of idiots are trying to pick a top in the oil market because they feel it's a fake bull market, but you know what happens to top pickers. This oil market feels like a runnaway train with no end in sight. I won't be surprised to see $150.00 per barrel within next year.