322 comments on DrumBeat: October 11, 2006
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322 comments on DrumBeat: October 11, 2006
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GAIA Host Collective
I caught the interview also about 1/4 the way through....
Highlights from what I can remember.....
The hosts asked him if he is still a "peaker", and he said "yes"...
Asked him about his prediction on oil prices...
He said that we will see $70 before we see $50 again.
Still predicts $100 oil, but not for 2006.
The hosts kinda "ribbed" him about his last prediction; which was "we will see $80 before we see $60. He pointed out that we within dimes of the high of $80, but the hosts pointed out that close is not $80.
Then he talked about his investment in alternative energy.
He is big into Canadian oil sands, not hip to ethanol, even though he has some investment in it (only to hedge his bets).
I didn't catch to whole conversation as I was brushing my teeth, but he corrected the hosts in saying that what some people consider alternative energy is still hydrocarbons and must be pulled out of a hole in the ground. They are subject to the same limitations as oil. I think this was in reference to using Natural Gas as a transportation fuel.
That is all I can remember.
http://www.bloomberg.com/news/av/