Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (124365)	5/21/2008 10:53:12 AM
From: Cal Amari	Respond to of 306849

"... longer term [crude oil] is going a LOT higher." I agree completely. There may be some price fluctuations along the way to much higher plateaus, but I see no way that oil prices will not continue to rise given the following: - consumption growth in Asia, Middle East, South America, etc. - production declines in all the major fields (including giant fields in Saudi, Mexico, etc.) - continuing conflict in the Middle East that will prevent substantial investment in oil producing infrastructure - chronic underinvestment in oil producing infrastructure in Russia, exacerbated by the state's unwillingness to honor contracts The U.S. and North Sea production histories show that peak oil is a reality; large oil fields do not produce forever. The amount of water injection to maintain wellhead pressure in Saudi Arabia and Mexico is alarmingly high - showing that the major fields are well past their natural production peaks. It is high time for the U.S. to promote massive investment in coal-to-liquid fuels, wind, solar, geothermal, tidal energy, etc., IMO. But that would require foresight and massive investment to the exclusion of other fiscal priorities; I have little faith that anyone currently in office has the cojones to garner support for such grandiose proposals from a J6P electorate mired in perpetual denial of the challenges we face.