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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Jurgis Bekepuris who wrote (469)5/6/2005 3:28:18 PM
From: Mahatmabenfoo  Read Replies (1) of 1183
 
> That was a double negative and my brain is frying. :)

Ouch! sorry! (you can be my translator!) :)

> The stocks of oil/gas will go up on the news of the peak and
> maybe within 1-2 years of the peak. After that they will
> probably go down a lot as their recoverable resources shrink, > they get kicked out of different countries and possibly
> nationalized

Interesting. One reason to nationalize may be to help counter the probably widely held conviction that the oil shortage is artificial. That, and the inevitability that countries will want to make sure that their resources stay at home at least as much as needed.

What do you think about coal stocks? Perhaps the ones that have multinational operations will also be in danger of being nationalized.

- Charles
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