This article comes courtesy of The Oil Drum.
I only have 8 sites in my blogroll and there’s a reason for that. While I do get requests for link exchanges and do consider them, I make a conscious effort to maintain the integrity of the blogroll. The Oil Drum is one of the premier online sources [...]
Michael Shedlock has a great post on the recent slide on oil prices. Shedlock has been predicting a deflationary scenario as a consequence of the credit bust even when commodities reached all-time record highs earlier in the year. Due to oil’s rapid descent past his $70 target, Shedlock is now predicting possible $50 - $60 [...]
This front page article on the Financial Times website suggests that the reality of our situation may finally be sinking in.
I don’t think it’s time to panic and start buying every energy company in sight. The market has a way of faking itself out, as well as anyone sucked into the madness of it all. [...]
For any of the peak oil skeptics, I’d highly recommend tuning into Bloomberg’s Open Exchange program today at 2pm PST and listening to Matt Simmons. He is the author of Twilight in the Desert and one of the best speakers on this subject.
If you do tune in, be prepared for actual hard data, not [...]
I was a bit out of it yesterday but feeling much better today. Yesterday’s market action had a feel of PPT to it. Once the markets went negative and came back, it just felt “unnatural”. In soccer/football, they call it “against the run of play” when the team that’s been on its [...]
For the (few) people who’ve been following my website and now blog for most of the year, you know I’ve been echoing the same themes again and again. But to recap quickly:
1. Peak oil is a reality. Do not be fooled by this asinine focus on weekly inventory numbers. Do not confuse [...]
