"CRUDE" oil, an absolute must see program !!!

Lol. okay. Honestly, I do think the tension over oil will get really severe -- I just don't know how severe, how soon.

Here's a thing to consider: decreasing oil availability leads to increased military activity to obtain diminishing supply. Increase in military activity uses increasing amounts of oil, further decreasing supply . . . a spiral, which will fizzle out when there isn't enough oil left to fight with, let alone fight over. Armies don't travel on their stomachs anymore, they travel on their fuel tanks -- and they are very inefficient at it and huge consumers.

So, if the water wars don't start until the oil wars end (likelihood unknown), the water wars will be fought on horseback with bows and swords. Hm?

Anyone out there thinking ahead might want to start designing a new generation of wood-burning, steam-powered vehicles (not a good outlook for the aircraft industry) -- and learning to do without plastics.

Now I think I know why we haven't been contacted by extraterrestrials.

 

The IEA will release a report in 6 days time... the leaked draft quoted in the Financial Times quoted a 9.1% depletion rate... that means that oil production will roughly halve by 2015 against increasing demand from Asia. We are not prepared to deal with that in anyway shape or form... that means 25% less oil in 3.5 years. The implications are staggering given todays level of total dependence on the stuff... at break neck speed it will take 20 years to swap our systems over if we had a clear plan, stand out replacement technologies and we started tomorrow. We have a near decade gap to plug at the best between the crisis becoming acute and any possible wide spread solution. This is a major liquid fuels problem that we are about to run head long into.

 

Nukes don't use oil... I doubt that this will be a traditional ground war IF they do go to war, the US can't afford it. The terrifying phrase limited tactical nuclear war springs to mind.... people actually believe that its a war you can win. As yet an untried theory, lets hope it stays that way. Either way we are not prepared and its not hard to see push coming to shove over this one.

 

What would worry me even more is that the nukes only need a button to be pressed - They are all there and ready to go for some fool with the "key" ...................

 

well masa as usual ya know 3/8 five tenths ferk all, one or two or 10 can not press the red, simple, there are safeguards

 

Great. And who would they expect to find who would be willing to go into the glowing ruins to collect the remaining crude?

"Safeguards"? C'mon, lazeyjack, quit fooling yourself. That evil djinn is being kept in its bottle by only the loosest of corks. The only thing close to a true safeguard would be if it took two-thirds or more of the entire nation pushing a button simultaneously to launch. Even then, they well might do it if threatened with severe rationing.

And in the meantime, I have WW III to look forward to within my foreseeable lifetime.

Well, at least it won't be boring.

 

The Amish are looking more clever every year . . . anybody here know how to use a horse?

 

Yes, but more important is to be able to walk !

 

I can ride like a bandit
but the Amish are dam good at what they do
and are famous for there draft horses and equipment
best stuff around
B

 

Tell me laddies before we start celebrating teh price falling at the pumps, what was the price of a gallon when oil was last at $44 a barrel? Opppss.

By ze way, I see Goldman see further sells offs before we bottom out:

Goldman Says European Stocks may Fall Another 20% Before Rally

Dec. 5 (Bloomberg) -- European stocks may fall another 20 percent in the “short term” as investors grasp the possibility of deflation, before a rebound in the second half of next year, Goldman, Sachs & Co. strategists said.

The brokerage advised as part of its 2009 European equity strategy holding shares in industries less affected by an economic slowdown, including phone, healthcare and retail companies.

“While it is tempting to believe that a New Year will bring an entirely different set of market prospects the reality is often different,” Goldman wrote in a note to investors distributed today. “The start of 2009 is unlikely to bring a change in the dynamic of growth and the unlocking of credit that is required for risky assets to re-rate.”

The Dow Jones Stoxx 600 Index may drop 20 percent on a “downside risk” possibility, they wrote. A six-to 12-month rally may follow only after the first half, they wrote, lifting the European benchmark between 30 and 50 percent.

Retailers were upgraded to “overweight” from “underweight” in Goldman’s recommended allocation. The industry is dominated by food companies that are relatively less “cyclical,” it said.

The team of London-based strategists, including Jessica Binder, Peter Oppenheimer, Sharon Bell and Gerald Moser, downgraded household-goods shares to “underweight” from “neutral,” citing weaker consumer demand and cut utilities in the same way because of “high leverage and refinancing needs.”

“We expect an inflection point in economic activity and the pricing of markets in 2009, but it is likely to be from lower levels and later in the year,” they wrote. “We stay defensive in our portfolio and would underweight most cyclical sectors.”

Financial-services stocks were upgraded to “neutral” from “underweight.”

 

RHP, just recheck the authenticity of this line - - "Financial-services stocks were upgraded to “neutral” from “underweight.”" should it not be NEUTERED? or - - - - NUKED?

I see Goldman still talking things up? - - The US has just admitted to being in recession for the past 12 months??? WTF?

 

I'm calling $40 odd the bottom... the rebound should be sharp. We are so far below the marginal cost of production here its silly. I said once that the quickest way to $300 was via $60... Well we have done it and then some! This oil price is not good news, its damaging in fact.

 

Its awfull , my heart bleeds for them.

Comon the price at the pump is not nowhere near down as 40 dollar a barrel should be. It dropped 2/3,-- we are just about a 1/3 from the top.

 

Stock up while you can - best organise Coconut oil supplies as it will be more reliable - long term storage that is as it contains effective fungicides and anti viral stuff

 

the most predictable thing about this ho ha in the word today is that it is not predictable. What is seemingly shocking is that although oil prices have dropped the American public are not going back to the Hummers.

I think there is a bit of anger that we have to do what the Arabs say and this is a way out.

Hydrogen fueled aircraft are on the drawing board( saw it on telly last night).

It is cool now to have a Hybrid, its cool to be green, and fun.

The government does'nt seem to be encouraging green cars with anything like tax breaks etc. Its not really too good if everyone turned green immediately . The government has a huge oil industry to slowly wind down.

The fact that oil shot up to 150 then fell like a stone for no real season is frightening from an investors point of view. Quite a few people were expecting 200,300,-- it didnt do it,-- again for no reason ,infact all the reasons for it to do so were there.

Im staying in cash until I see a reason to not do so. Or I can see what the hell is going on.