drbubb Posted October 1, 2006 Report Share Posted October 1, 2006 Here are some highlights from this weekend's interview: (A sort of update to an earlier interview) + Unbelievable volatility. But markets are still tight, and prices could quickly be back at where they were 8 weeks ago + Up to 80% of our oil goes towards transportation, and demand remains very high + Oil "experts" had strong opinions, about oil prices. But had they barely looked at the data. Simmons book looked at the myth of unlimited cheap oil in the Middle East. Once that bubble had been popped, people began to realise that oil was in short supply. The word is getting out. + US Dept. of Energy is doing an exhaustive study, and so is a congressional committee + But not enough is being done to fix Link to comment Share on other sites More sharing options...
Newbear Posted October 1, 2006 Report Share Posted October 1, 2006 Here are some highlights from this weekend's interview:(A sort of update to an earlier interview) + Unbelievable volatility. But markets are still tight, and prices could quickly be back at where they were 8 weeks ago + Up to 80% of our oil goes towards transportation, and demand remains very high + Oil "experts" had strong opinions, about oil prices. But had they barely looked at the data. Simmons book looked at the myth of unlimited cheap oil in the Middle East. Once that bubble had been popped, people began to realise that oil was in short supply. The word is getting out. + US Dept. of Energy is doing an exhaustive study, and so is a congressional committee + But not enough is being done to fix Yes, excellent interview and a very impressive guy. Link to comment Share on other sites More sharing options...
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