Global oil crisis ? !!!!!!

ivegotabig1

In today's observer there is quite a scarry article on the idea known as "peak oil" when ,in very simple terms.....demand for oil outstrips supply, were already seeing this in the very high cost of crude.....check out this website......https://www.lifeaftertheoilcrash.net .......i makes very sobbering reading indeed.....

afro_2

Interesting,

I've just been reading an article along similar lines in the guardian

http://observer.guardian.co.uk/business/story/0,6903,1519745,00.html

So how do I invest in oil?

Alfie_E

afro wrote:

So how do I invest in oil?

Invade a small Middle Eastern country?

afro_2

Nice idea, got the number for Mr Thatcher?

deemy2004

Shells done well ... up 50% from where I bought it about 18 months ago !

The oil majors for the long-term i.e. BP, Shell etc...

The problems I have with the articles is that once the public media start harping on about $100 barrels... the LIKELY direction is to $ 30

Markets don't move in a straight line, they have bull and bear phases, after crude peaked at $40 in 1990 it fell to below $15 a few years later....

So YES, not yet... but maybe in the not to many moons distant I am contemplating a short crude position ! :eek:

Yes off course crude will get to $100 one day... but I think we will see $30 again first

thor

I think that now is the time to start investing in alternative fuels. I'm convinced that oil will run much sooner than expected especially with China & India starting to soak it all up and when that happens we will have to rely on new fuel technologies. The only reason that alternative energy has not taken over yet is because it is not in the interests of all the big oil companies and they have lobbied to keep it down. However once Bush is out of office , governments around the world will be free to give proper support to alternatives and that will make them economical. There will be no other choice if the world wants to continue to progress technologically so it will be made to happen. All the stuff we see now e.g. windfarms, solar panels on roofs etc is nothing compared to what will be succeeding them in the next decade. I want to get a piece of the action while most of the business world expects(wants?) it to fail and that way I will be able to maximise my return. The only question is how?

kinesin_2

Oil won't run out - it will just get very expensive and then rationed so only the elite have access - another reason to have a ID card :eek:

Energy ration cards planned for everyone

Remember all governments get paid a massive cut selling the rights to drill/mine/farm oil on their land. The longer they can keep selling those rights the better - even if it means restrictions upon the voters - purely for global warming reasons

thor

I agree that oil will become more expensive(as we are already seeing) and will be rationed but that is only because there will be less of it about!

deemy2004

We have not yet depleated half of the worlds oil stocks.
Though the cheap stuff easy to drill fields are fast running out... with much of the untapped oil being more expensive to bring to market.

I recall a while back people frowning on shell for having so many reserves that were uneconomical to drill.. that situation appears to be changing fast !

I still think technology will come to the rescue... most probably will be refining water ! some form of hydrocarbon fuel with near limitless supply.... one day.....

halcyon_drift

here's how its currently working.

The north sea is still a thriving producer of oil. There are new proposals which potentially can increase the life of fields for up to 15 years. However, currently most of the fields in the north sea are viewed as well established producers, whereas fields in the gulf of mexico are still developing. Basically, the north sea is funding the future of world wide exploration which has barely started yet (relatively speaking). There is loads of oil left and as the price of oil goes up, the exploration companies (Exxon, BP, Shell) will be more willing to spend more money getting to the harder stuff.

Halcyon