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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (133089)	4/16/2013 11:59:16 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

Somebody posted this today... Permalink You appear not to be aware of the International Energy Agency's 2012 World Energy Outlook: According to the 25-year forecast in the IEA's latest annual World Energy Outlook, the most likely scenario is for crude oil production to stay on a plateau at about 68 to 69 million barrels per day. In this scenario, crude oil production "never regains its all-time peak of 70 million barrels per day reached in 2006," said IEA’s World Energy Outlook 2010.again.” In previous years, the IEA had predicted that crude oil production would continue to rise for at least another couple of decades. "Stay on a plateau" is a politically correct way of saying "it is NOT rising", or "it has reached maximum production" or "it has reached its peak" or "peak oil is here". This is a massive change in IEA thinking compared to previous reports predicting very strong increases in global crude oil production. news.nationalgeographic.com also Permalink Well the data isn't out for non-OPEC yet but OPEC is down almost 1.5 mb/d since April 2012. According to the EIA Short-Term Energy outlook non-OPEC all liquids production in January is about the same it was in April last year, but it is down 1.07 mb/d from November. Anyway total C+C should be, right now, down over 1.5 mb/d form April last year. So that was the peak so far.

To: John Vosilla who wrote (133089)	4/17/2013 10:57:44 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

yes, here we go again. Any growth we're getting is QE fueled and the same bad actors are already at their old tricks again, because none of them went to jail. I think everything is very fragile right now. Risk is outweighing reward by a large margin. Here's what Gundlach has to say. I value his opinion, because he's a wunderkind. DBLTX is my single largest holding ~40% now, and has been since early 2011...Check out what he has to say about gold...not what you'd expect from someone saying you should get defensive. He's a contrarian and he's usually right. Bond guru Gundlach calls for investors to get defensive usatoday.com