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Oil

Middle East is cutting oil prices. My guess is their wanting to stymie US production which is more expensive. A runup to the late sixties oil embargo without the embargo….

The Rule of Capture and Legalized Theft

…an oil deposit underneath both our properties, if I stick a drill on my property, anything I suck out of there belongs to me. But oil (and natural gas and…

Barter part 1

…is what is happening with other commodities, oil, for example. Oil producers will eventually have a problem: They will not be able to produce oil at cost! Why? In part…

Oil Analysis

…Secretary Sam Bodman said Wednesday it will take years to close the gap between increasing world oil consumption and the ability of oil producers to meet that demand. “I think…

Forecasting Oil Prices

…still has this version: $55 Oil Won’t Last…Ultimately, the answer to high oil prices is a lot more production. That’s exactly what the Bush administration intends to do. It seems…