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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: upanddown who wrote (73304)10/14/2006 1:42:02 PM
From: quehubo  Read Replies (2) | Respond to of 206183
 
I see Americans have something in common with the Arab Muslims.

These are people who have long believed that Allah was bestowing these oil gifts on them in perpetuity and there would be infinite production.

How different is that to the American public's perception about energy policy?

It is always going to be there at a cheap price, no sacrifice required, no refineries to be built, no nuke plants, no pipelines, no drilling. Just give it to me cheap.

With Iraq sliding down hill it wont be long before production stops flowing there. At a minimum Iraqi production wont be ramping up before Hubberts peak is well into the decline.



To: upanddown who wrote (73304)10/14/2006 4:59:38 PM
From: Wyätt Gwyön  Respond to of 206183
 
i like that chart of his showing $300 WTI in 2020.



To: upanddown who wrote (73304)10/15/2006 8:59:55 AM
From: Ed Ajootian  Read Replies (1) | Respond to of 206183
 
JohnTC, great interview, thanks for posting that. Its stunning that XOM is not taking any deepwater leases after '08. I suppose we should at least give them credit for acting consistent with their stated views about future oil prices. They are taking a huge gamble IMO, and come '09 will either be thought of as complete idiots or brilliant masterminds.