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

To: CommanderCricket who wrote (157205)	9/18/2011 11:49:43 AM
From: Dennis Roth	1 Recommendation Respond to of 206176

>> Daniel Yergin is going to regret this next year. << No he won't. The essay in The Journal is part of the campaign to flog his new book, The Quest: Energy, Security and the Remaking of the Modern World. By Daniel Yergin. Penguin Press; 816 pages; $37.95. Allen Lane; £30. Buy from Amazon.com, Amazon.co.uk Piggy backing off the popularity of his widely popular previous book, "The Prize," by next year, right or wrong, he will have made enough coin in book royalties to leave his bank laughing. A review of "The Quest" from The Economist, economist.com

To: CommanderCricket who wrote (157205)	9/18/2011 3:24:36 PM
From: Eric	1 Recommendation Respond to of 206176

He is not very good at predicting the price of oil, far from it. From TOD: Holding Daniel Yergin and CERA Accountable Posted by Prof. Goose on January 10, 2008 - 11:15am Topic: Supply/Production Tags: cera, daniel yergin [ list all tags] This is a guest post by Glenn Morton, a geophysicist in the oil industry. For Kerr-McGee Oil and Gas Corp., Glenn served as Geophysical Mgr Gulf of Mexico, Geophysical Mgr for the North Sea, Dir. of Technology and as Exploration Director of China. Currently he is an independent consulting geophysicist, and he is known here at TOD affectionately as seismobob. This post started when I heard Daniel Yergin, the CERA Energy Analyst interviewed by Larry Kudlow on Sept. 14, 2007 on CNBC. Yergin claimed that the high price of oil was not supported by the fundamentals. My jaw fell to the floor. Last year (2006), the price of oil deserved to plummet by 20% (which it did). The amount of oil in storage tanks was very high. But this year, week on week, the oil in storage has dropped, meaning that the fundamentals do support a higher price than last year. The chart is below; note that in 2007 (red curve) the US storage numbers are way way down from what they were in 2006 and we haven't even had a hurricane.... theoildrum.com

To: CommanderCricket who wrote (157205)	9/18/2011 7:29:32 PM
From: MIRU	Respond to of 206176

Re "peak oil" Ken Deffeyes said the peak was Thanksgiving 2005 and apparently he is sticking with it. Wrong argument anyhow. It's not about peak oil but peak exportable oil.