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A Slippery Slope Ahead for Oil
Dr. James Schlesinger says the U.S. attitude towards oil “has only two modes – complacency and panic.”
Schlesinger should know. In the 70’s he closely watched the Middle East as the U.S. Secretary of Defense. Then he would move onto become the first U.S. Secretary of Energy when oil prices were really starting to move up during the Carter Administration.
He was in the thick of the oil panic of the 70’s. And he was there, holding numerous seats on oil companies’ boards of directors, during two decades of complacency.
Oil is hovering around $50 a barrel and we’re at the middle…
2Dec2008 | Q1 Publishing | 0 comments | ContinuedMatt Simmons: $500 oil
CNN Money 9/22/08
Brian O’Keefe
Matt Simmons is as perplexed as anyone that it has fallen to him to take on OPEC, Exxon, the Saudis, and all the other misguided defenders of conventional wisdom in the oil patch. Why should one investment banker with a penchant for research be required to point out what he regards as the obvious – that from here on out, oil supplies can’t meet demand, and if we don’t act soon to solve this crisis, World War III could be looming?
Why should a man who scorns most environmentalists have to argue that locally grown produce and wind…
23Sep2008 | The Real Deal | Comments Off | ContinuedProfiting from Oil Stocks: Apache (APA:NYSE) is on a roll!
Back on June 26, 2006, I recommended that my readers invest in a little-known domestic oil stock. Back then it traded for $63.76.
Nine months after Hurricane Katrina had devastated New Orleans and four months after the tealeaf readers of the National Weather Service had predicted a cascade of deadly hurricanes to turn Texas and Louisiana into swampland, Apache Corporation (APA:NYSE) had just done something that seemed like pure foolishness to the talking heads in the media: Bought out other energy companies’ natural gas fields in the Gulf of Mexico. Natural gas was at a low, and oil wasn’t going anywherere. Deutsche…
9Mar2008 | J. Christoph Amberger | Comments Off | Continued
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