Goldman Says `Take Profits’

A few months ago, an analyst at a brokerage firm wrote to me and said that they had actually used some of my essays as the basis of advising their clients. That was flattering, but […]

The Positive and Negative of High Oil Prices

Probably the most devastating personal impact if oil goes over $100 is that there won’t be a beer fund for people who stop by and see me in Aberdeen. Therefore, if you come see me […]

Shakeout Predicted

I have never heard of James Mound, but I think he is correct in his assessment below. As I have mentioned, I absolutely would not buy oil at these prices. It may still go to […]

$90 Oil: How We Got Here

David Ivanovich at The Houston Chronicle always does a nice job of covering the energy markets. His latest article gives a comprehensive overview of the events of the past few years that put us on […]

Herding Behavior

The bandwagon on $100 oil filled up very quickly. I thought we were likely to see $100 oil next year, which is why I have consistently said I wouldn’t make that bet on oil prices […]

Time to Sell Oil Stocks?

A CNNMoney article is warning investors that oil, and oil company stocks are overvalued: Beware Big Oil stocks “Nobody in his right mind thinks this oil price is sustainable or justified by market fundamentals,” said […]

Ethanol Stocks Hit New Lows

A buying opportunity? Sector Snap: Ethanol stocks hit new lows NEW YORK (AP) – Ethanol stocks fell Tuesday, with several hitting 52-week lows, as a Bear Stearns (NYSE:BSC) analyst rehashed concerns which promise to plague […]

Energy crisis ‘one hurricane away’

Shell’s president says we are just one bad storm away from high and volatile oil prices. I wonder what he considers high and volatile? Shell president: Energy crisis ‘one hurricane away’ in U.S. “We are […]

Bill Gates’ Ethanol Losses

About the same time I was warning last year of an ethanol bubble, Bill Gates was sinking money into Pacific Ethanol (PEIX). In the same essay in which I warned of the bubble, I took […]

Jim Jubak Gets Religion, NPC Endorses Peak Lite

Jim Jubak, a popular prognosticator over at MSN’s MoneyCentral, has gotten religion over peak oil: The oil squeeze has just begun “World will face oil crunch in five years.” That’s not exactly the kind of […]