 | UPDATED: The Oil Market's Historic Swing to Continuous Contango--Has Peak Oil "Tipped"? | The Oil Drum | Oilwatch Monthly - May 2008 |  |
43 comments on Peak Oil - Whom to Believe? Part 1 - There's Plenty of Oil, CERAiously
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Nate-
Great post as usual. Regards CERA, I thought I would repost some information I put into yesterday's Drumbeat (late in the day).
According to data available on Bloomberg, Yergin has recently been selling a significant amount of his IHS (CERA's parent company) stock. Per Bloomberg, he has sold more than 53,000 shares in the last 30-45 days or about one half of the stated 113,000 shares he held at 3/31. Lots of other recent insider sales as well. Maybe their past predictions are having an effect on business after all.
That is amusing. I assume that clients in the auto business are pissed off. Lots of unsold SUVs.