Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.
Joined: Feb 20, 2005 Posts: 2492 Location: Uppsala, Sweden
Posted: Wed Mar 12, 2008 11:14 pm Post subject: Re: Tips for future investment sought
Take a look at US companies which are primarily into exports. Having expenses in dollars and sales in hard currency puts these companies in a marvelous situation. _________________ Peak oil is not an energy crisis. It is a liquid fuel crisis.
Joined: Sep 19, 2007 Posts: 914 Location: Land of the Tongva tribe
Posted: Thu Mar 13, 2008 7:08 pm Post subject: Re: Tips for future investment sought
If you are a believer in peak oil is here to stay then Domestic oil producers, such as PXP, VQ, XTO, OXY, APA, etc...
Oil service companies such as BHI, PDS, SLB, etc...
If you don't think we have peaked and wont for a while then you might stay away for several years.
Oil companies can only go up if you believe we have peaked and supply will only get smaller and smaller thus the price of oil go higher and higher, and fighting over what is left over. All that equals high returns.
joeltrout _________________ ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people.
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