user 191485

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  • Is Oil a Bubble? Part One
    Ramrod, please short me. I will enjoy watching you pay through the nose.
    May 23 11:47 am |Rating: 0 0 |Link to Comment |View article
  • Is Oil a Bubble? Part One
    CLH, the oil bubble doesn't obey Laplace's law. The only thing that will bring oil prices down is a strong dollar, and only then oil might drop to 100 bucks a barrel. But there will be no giant burst with oil going back to less than 100 bucks a barrel. Kiss those days goodbye. Alternative energies are not even close to being ready for widespread usage across the country in the next 1-2 years. You cannot compare the housing market/tech stocks bubbles with the oil bubble. It is like comparing apples to oranges. Buy those oil stocks now and sell them when they hit 200 bucks a barrel next year, when the oil bubble "deflates" slightly (but there shall be no "burst" of thy bubble) to around 150 bucks a barrel next year.
    May 23 10:03 am |Rating: 0 0 |Link to Comment |View article
  • Recent Oil Spike: 'Irrational Exuberance'?
    The chances of an oil bubble burst in the short term is about as realistic as Grace Cheng's luscious lips bursting. Despite the fact that gasoline is at 4 dollars per gallon, Americans as a whole aren't really making any significant lifestyle changes. Just as many people this summer are riding in singly occupied gas guzzling SUVs as last year. No significant improvements in mass transit have been made on a national level. No significant number of new nuclear plants have been built. What is really funny is that all these companies like Chevron, BP, and Exxon are airing all these television ads that talk about alternative energy sources being developed while the commericial shows little girls running freely in these beautiful grassy fields with blue clear skies and butterflies chasing them and Enya like songs in the background and I feel so warm and fuzzy that I just want to hug myself until I fall asleep in a field of lillies. Give me a break. Oil will be at 200 dollars a barrel in 2 years. You might as well buy these stocks now and get a piece of the action. The dollar will be worthless at least for another 1-2 years, so you can still ride the bulls for the time being. Until I see Americans carpooling with their neighbors, getting rid of their useless SUVs, voting for more mass transit, etc., then oil will keep climbing. Quit blaming it on China and India. The USA is still number one in oil consumption.
    May 22 23:56 pm |Rating: 0 0 |Link to Comment |View article
  • Oil Bubble? Nope
    Muley 101 is right...I don't think we are at Mad Max beyond Thunderdome yet, but oil will run out soon (in 40-50 years) and land will be at a premium. I personally think the best investments over the next 10-15 years are land, oil, and natural gas. Who cares if oil drops to 80-90 dollars a barrel in 1-2 years if you are still in it for the long run. However, guns & ammo (so that you can shoot anyone who tries to steal your property), and more land in 20-30 years will be a better investment. Just joking about that last comment, but I seriously would try to stock up on land that is able to make use of the only unlimited energy source in the world (the sun) and produce fruits, vegetables, and other goodies.
    May 19 01:24 am |Rating: 0 0 |Link to Comment |View article
  • Is Oil Bubbling Over?
    bearfund, Americans aren't using less fossil fuels. Go to any major US city (NYC, LA, Chicago, Houston, etc.) and drive in rush hour traffic. How many people do you see in each car? Usually only 1 or maybe 2 people. We aren't carpooling. We aren't using mass transit on a nation-wide basis (do you see people taking a subway in LA? it doesn't exist!). Al Gore clearly shows that the US uses a lot more oil per capata than China or India in his documentary "An inconvenient truth." But the American way is to blame it on other countries. Americans may cut back on car trips for vacation, but major lifestyle changes aren't really taking place (such as buying less bottled water, carpooling, using less napkins, recycling, turning off lights at the office at work, etc.). Also, local governments cannot develop mass transit because American suburbia is so spread out (due to our gas-dependent way of life) that it would take years to develop, which is an unpopular proposal if you are trying to get elected to office on a short-term basis.

    Oil is going to go up, up, up for another 10-15 years before the middle class consumer is REALLY going to be pinched, where gasoline/heating/elect... bills will be around 50% of the monthly bills of a typical American household. Then you might actually see some real changes. I don't have the answers to this mess (I wish I did), but that is not what this debate is about. The debate is whether or not you should buy more oil and natural gas stocks, and my answer is YES. Buy as much as you can now and sell them in 25 years, because these stocks will be worthless in 30-40 years when we run out of oil and natural gas.
    May 13 09:54 am |Rating: 0 0 |Link to Comment |View article
  • Is Oil Bubbling Over?
    Paul Kedrosky has no idea what he is talking about. Dot-com stocks busted because these stocks were being sold left and right in the late 1990s before these tech companies even made a dime. That is why tech stocks went bust. They weren't making any money. Our entire way of life in the United States depends on oil. Oil is not doing to drop to 30 dollars a barrel. Do you see people driving less to work? Do you actually see Americans consuming less? I urge people to read the book titled "The Long Emergency" by James Kunstler.
    May 09 20:22 pm |Rating: 0 0 |Link to Comment |View article

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