The contents below are paid advertisements. Their appearance does not imply an endorsement by The Oil Drum.
“A third of humanity doesn't want to ride bikes anymore; that has profound geopolitical implications.”
—Anne Korin, the co-director of the Institute for the Analysis of Global Security (May 1, 2005)
Search The Oil Drum with Google
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Prof. Goose, Heading Out, Stuart Staniford, Nate Hagens
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Gail the Actuary, jeffvail, JoulesBurn, Khebab, Robert Rapier
- TOD:Local: Glenn
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Technician: Super G
Recently on TOD:World
TOD:Local
- Ask not what your next President can do, Ask what you can do for your tribe
- Summer Streets a Success!
- Plan for Hydro-Fracture Drilling for Unconventional Natural Gas in Upstate New York
TOD:Europe
- UK - Stansted Airport expansion gets go-ahead
- RAMseS: a new agricultural paradigm
- RAMseS: a new agricultural paradigm
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- Compressed Air Energy Storage - How viable is it?
- Oil Megaproject Update (July 2008)
TOD:ANZ
Peak Oil Primers
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- The Big Picture
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- The Energy Blog
- Entropy Production
- European Tribune
- GraphOilology
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- Calculated Risk
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
Expectations of exponential production increases +
Reality of exponential production declines =
Explosive increases in oil prices
IMO, the only logical response to ERE is ELP:
Economize; Localize; Produce
(Richard Rainwater seems to think it's a good idea)
Despite stubbornly sticking to my long position in oil during the September-October energy massacre this year (despite a timely warning from SAT on TOD), I am still a successful commodities trader. My 2006 performance is looking to finish around +140%. So, I will let it all hang out and make a bold prediction:
NYMEX WTI will exceed US$120 (nominal) before January 20, 2009.
This will be due to a combination of a bear market in the US$ and a the next leg of the bull market in crude oil. (I would term the entire period from August 2005 to the present as a long irregular correction/consolidation pause in the secular oil bull market. Considering the double digit growth in M3, the $78 of summer 2006 was not a higher real price than the $70 of summer 2005) As westexas has noted, a price doubling in 25 months has happened earlier in the bull market for oil, and bull markets get wilder in their latter stages.