27 Jun '15, 2pm

#peakoil T. Boone Pickens: $70 Oil Coming: During an appearance on FOX Business Network’s Mornings with Maria,...

joe on Sat, 27th Jun 2015 10:21 am $70 $80 it’s not important, other than at what point we see the Saudis groaning in their economic war with tough oil. I just don’t see it. Roughly, Saudi might spend a few billion on its annual budget plus cost of sales equals how much oil they have to sell to maintain the war. It’s not as much as people think. Also let’s not forget that geopolitical risk us not being priced in enough, that is a tell right there. All Saudi have to do is manage risk for investors in tough oil, right now investors won’t go in even at 70, because they risk a downturn if Iran gets a deal and iraq ramps up. They could get burned again. If I had a spare billion I would not be buying into start ups in tough oil for another year at least because you won’t see that money for another few years by which time you can’t be sure of the price, but it’s not going to be t...

Full article: http://peakoil.com/consumption/t-boone-pickens-70-oil-coming

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#peakoil ‘Peak Demand’ Is The New ‘Peak Oil’: S...

peakoil.com 27 Jun '15, 4pm

Apneaman on Sat, 27th Jun 2015 11:25 am Does anyone actually know the definition of a revolution? The automobile was revol...

peak

unfccc.int 30 Jun '15, 2pm

Global oil price drops but pump price up 10-20 sen

anilnetto.com 30 Jun '15, 2pm

“水 Sui” in Chinese means water which metaphorically means money. Collectively, the 10-20 sen increase in oil price burden ...

The Superyachts Are Coming To #Miami #Luxury #T...

forbes.com 28 Jun '15, 5pm

The superyachts are coming to Miami, specifically to Watson Island in Biscayne Bay. If the location doesn’t ring a bell, t...