Peter_Puget Posted January 15, 2009 Posted January 15, 2009 Kinda crazy times. read this. Then this. Will the price fall to cost of production & transportation? Or will Iran stir up trouble first in order to put off rebellion at home. Calling Peak Oil! Quote
Peter_Puget Posted January 15, 2009 Author Posted January 15, 2009 (edited) another link That J_B guy told me to forget narcotics peak oil was going to make me my country trillions! Edited January 15, 2009 by Peter_Puget Quote
JayB Posted January 15, 2009 Posted January 15, 2009 Should make for interesting times in the various petro-states. The revenue shortfalls that are bound to materialize if oil stays in the $20-$60 band will likely drive reform in some, and repression in others. Top candidates for increased repression include: Venezuela, Iran, and Russia, IMO. Quote
Peter_Puget Posted January 15, 2009 Author Posted January 15, 2009 By the way J when are you back in town (or are you) I need to pay off our bet. Quote
JayB Posted January 15, 2009 Posted January 15, 2009 Oddly enough - I seem to recall reading that Mexico had the foresight to hedge against the downside risk for a couple of years ago, but if those options expire before the price rises, it'll be interesting to see what happens at PEMEX and the fields that they manage. Overwhelming dependence on oil for government income + declining production + decades of underinvestment in exploration/infrastructure + corrupt management + intransigent unions = Mexicluster. Quote
JayB Posted January 15, 2009 Posted January 15, 2009 By the way J when are you back in town (or are you) I need to pay off our bet. Back in early May. No need to pay off anything related to the wager, but if you happen to see a 3/2 in Ravenna that rents for ~$1500/mo (haha) that comes on the market in June, let me know... Quote
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