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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (51642)	1/26/2006 9:13:50 PM
From: Wyätt Gwyön	Respond to of 110194

the benefits of liquid fuel which you mention are discussed in David Goodstein's Out of Gas: The End of the Age of Oil, a book which should be on the shelves of any self-respecting Peak Oil afficionado, but is not the best introduction to the subject. the revelations of this book are nothing spectacular, but he gets a fair amount of press because of his status as a physics professor at Caltech. nvestments of the size needed won't be made until oil companies and other investors are sure oil prices won't collapse again considering prices have already sextupled, you'd think they would have some confidence. but the industry is dominated by generals fighting the last war, like Lee Raymond. for an energy investor, it is bullish that so many insiders are bearish and therefore don't make the capacity investments needed to secure larger supplies and bring down prices. i think it will take a prolonged period of triple-digit crude prices and the attendant TL/EV to wake people up.