Land of Black Gold

Speculations on oil, peak oil theory, energy in general, and the investment implications.

Sunday, October 11, 2009

Not to put too fine a point on it..

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Re: my last point about there being enough natural gas to help mitigate the most serious impacts from oil peaking. There are issues with th...
Sunday, August 02, 2009

Dr Strangelove, or How I learned to stop worrying and love peak oil.

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Okay, I'm totally kidding. Peak oil is a serious problem, and one that I believe looms in front of us in the near future. However, thro...
Wednesday, February 04, 2009

Charles Nenner says long term cycle bottoms soon.

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CNBC: Nenner Cycle Signals Entry Point . You must also watch the Bloomberg video at his site to understand his full picture though. See top ...
Friday, October 31, 2008

Charles Nenner on Deflation, Commodity Stocks, and THE Market Bottom.

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Bloomberg: Charles Nenner Sees Opportunity in Commodity Stocks: Video . Note: To view the video, click on the link towards the right side, ...
Sunday, October 26, 2008

Fear and Loathing in Closed End Funds.

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Closed end funds are like ETFs (exchange traded funds) in that they are traded on an exchange like stocks, and are made up of a bundle of ot...
Monday, October 06, 2008

The Panic of 2008 bottoms on Oct 14-15?

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I see that Barry Ritholtz has come up with the moniker of "The Great Financial Crisis of 2008", but I personally like "The P...
Friday, October 03, 2008

When good (lefty) papers go bad.

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When the New York Times starts bringing up the possibility of global cooling, you know it's about to get interesting. Note the oblique...
Sunday, September 28, 2008

Warren Buffett invests in Chinese electric car maker.

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$230 million is sort of chump change for Warren Buffett, but it's interesting nonetheless. He also recently bought Constellation Energy...
Tuesday, September 23, 2008

Warren Buffett: Thespian

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Just as things are getting shaky again, and on a day that Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, and SEC C...
Saturday, September 20, 2008

Videos of the Week.

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CNBC: S&P Head on Downgrades . Alternative title: Dylan Ratigan Goes Postal! Dylan Ratigan lets a guy from ratings company Standard ...
Tuesday, September 02, 2008

The global cooling debate.

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Daily Tech: Sun Makes History: First Spotless Month in a Century . Quote: The event is significant as many climatologists now believe solar ...
Saturday, August 23, 2008

Buffett: Oil Sands Visit for Info Only.

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Warren Buffett is nothing if not a disciplined investor, and he explains that his visit to the Alberta region was for information gathering ...
Thursday, August 21, 2008

As the World Cools.

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In spite of the hub-bub about greenhouse gas linked warming, there are a number of scientists who are convinced that solar activity is a muc...

MAN BITES DOG - er, POLITICIAN.

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Perhaps I should say "Man bites pandering politicians." This is great, and amazing. A new poll showing that Americans are smart e...

Bill and Warren's Excellent Alberta Adventure.

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It's been a long time since I've done an Canadian oil sands post. These stocks have been clobbered along with everything else, but ...
Tuesday, August 19, 2008

Insider buying in energy stocks.

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I started looking at this yesterday. Among names that are seeing some buying: MMR HK GDP CLR HERO It's nice to see insiders jumping in h...

Pickens: Not too long under $100.

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Using wind for electrical energy generation, shifting natural gas to a transportation fuel, reducing oil imports 50% in 10 years, yada yada ...
Monday, August 18, 2008

Where is the oil price floor?

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I think Tom Petrie might be right - a natural floor might be around $80 to $90 for oil. But I think we don't get there because of the w...
Sunday, August 03, 2008

Got shale?

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Alternative title: Taking the edge off peak oil. Oil is unlikely to go back to $30, even with this potential boom in shale gas production i...
Wednesday, July 30, 2008

How do you spell relief?

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Apparently, S-H-A-L-E. CNBC: Relief for America's Energy Crisis .
Sunday, July 20, 2008

BRIC BRAC.

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Stephen Leeb makes the interesting suggestion that we re-think "BRIC" - Brazil, Russia, India and China and substitute "BRAC...
Thursday, July 17, 2008

Is the oil bull market dead?

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CNBC: Oil's Biggest 3-Day Drop In 5 years . I'm surprised there was little mention in this video of the supply and demand factor. ...
Monday, July 14, 2008

Roque: Own commodities instead of stocks.

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I'm a bit of an agonistic on gold, but you can't bury your head in the sand and ignore it. Compounding financial crisis, inflation,...
Sunday, July 06, 2008

Haynesville Shale.

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shreveporttimes.com: CEO: Haynesville Shale is fourth largest in the world . Quotes: The Haynesville Shale is likely to become America's...
Saturday, June 28, 2008

The consequences of higher oil prices.

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This is an interesting discussion of the impact of higher oil prices from the newspaper of record in the heart of car country, the Los Angel...
Friday, June 20, 2008

There's a little black spot on the sun today.

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There's a little black spot on the sun today. It's the same old thing as yesterday, That's my soul up there. I have stood here b...
Wednesday, June 18, 2008

Ken Heebner hearts Petrobras.

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Ken Heebner is a mutual fund manager at CGM Funds and was recently dubbed " America's Hottest Investor " by Fortune Magazine....
Monday, June 09, 2008

The horror.

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We sure had it nice for a while, didn't we? Still a lot of conservation to go, apparently. WSJ: Gasoline Hits Average of $4 a Gallon . ...
Tuesday, June 03, 2008

Please God, give us one last shale boom.

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We promise not to miss it this time. Bakken: CLR, EOG, HES, ERF, WLL, MRO, NOG. Haynesville: CHK, GDP, HK, GMXR, PVA. Marcellus: CHK, ATLS, ...
Sunday, June 01, 2008

To Fadel Gheit, with love.

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Something to think about, though I'd cite Tim Evans as a bigger skeptic, and so far, totally wrong. MSN Money: The end of the oil stock ...
Friday, May 23, 2008

Will the real bubble please stand up?

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Say goodnight to the SUV bubble and the associated cheap gasoline consumption bubble. The guy running GM needs to be thrown out. [Mulally a...

Leeb on the oil 'bubble'.

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jacksonsun.com: Author, chief of investment firm weighs in on oil crisis . Quotes: Question: Is what we are seeing with oil prices a pricing...
Thursday, May 22, 2008

IEA: Better rethink that Certified Pre-Owned H2.

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MarketWatch: Report: IEA set to cut oil-supply forecast . Quotes: The Paris-based International Energy Agency is getting ready to issue a sh...

Short covering rally?

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This last move in oil does have the feel of a short covering rally. If so, it will be interesting to see where it settles out when it's...
Wednesday, May 21, 2008

Somebody's a little off here.

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I'd guess the guy in the middle. Bloomberg: Oil Rises Above $134 on U.S. Supply Drop, Bank Price Forecasts . Quote: ``What we have here ...

Separating the men from the boys.

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CNBC: $12 Gas and Rationing? Possible, Says Expert . Quotes: "The prices that we're paying at the pump today are, I think, going to...
Tuesday, May 20, 2008

Pickens Wants to Move It, Move It to Natural Gas.

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Sorry, I just couldn't resist. CNBC: Pickens: Oil Going to $150, So Move to Gas . Quotes: "Eighty-five million barrels of oil a day...

Give me liberty or give me windfall profit taxes.

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I sort of admired Barack Obama when I first heard about him, but his idea about windfall profit taxes on oil companies is about the quickest...
Friday, May 16, 2008

Goldman Sachs: Fundamentals.

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MarketWatch: Oil and gas producers lead London higher . Quotes: Goldman Sachs on Friday raised its forecast for the average price of West Te...
Thursday, May 15, 2008

Oil price: Speculators or fundamentals?

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[Fundamentals = supply & demand.] I'm with Jerry Castellini. Oil is at ~ $125 mainly because of the fundamentals. If it were prima...
Saturday, May 10, 2008

Boone Pickens from Milken.

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Infectious Greed: Great T. Boone Pickens Interview from Milken .
Friday, May 09, 2008

Bizarro Headline of the Day.

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Amidst all of the noise, it's easy to forget that the US continues to be one of the world's largest exporters. The strong dollar po...
Thursday, May 08, 2008

What's going on with oil?

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Seeing CNBC with features on oil all throughout the day makes me nervous we may be at a short term top. But what's going on with oil? E...

For Hillary - Stand Down Margaret.

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Written originally for a woman of a diametrically opposed political view, I'd like to dedicate this song to Hillary Clinton. She may not...
Wednesday, May 07, 2008

Goldman Sachs Gone Wild!

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CNBC: Goldman: Natural Gas Crunch Possible This Winter . Goldman Sachs: $100 oil reality, part 2: Has the super-spike end game begun? [Other...
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