Tuesday, February 8, 2011

Saudi Arabia Oil Reserves May Be Overstated By 40%

Peak Oil is getting out, look up US peak discoveries of oil it happened in the 1930's then the US peaked in production in 1970 the world peaked in discoveries in 1960, look up Alaskan oil reserves downgraded by 90% 2010 .... Welcome to reality,

Monday, February 7, 2011

Outlook for Oil

What's Next for Oil ?
Feb. 7 2011 | "My belief is that prices will continue to rise gradually in line with demand," Neil Atkinson, director, energy research at Datamonitor said. "Supply is managed...the OPEC discipline is what matters," he said, so oil prices will rise despite excess capacity.

Friday, February 4, 2011

Oil High on Egypt Worry

NEW YORK (TheStreet) -- Oil trades higher ahead of the weekend as Egypt anxiety rises says Anthony Grisanti of GRZ Energy.Uncertainty is keeping energy prices inflated heading into the weekend I'm Eric Anthony -- you -- at the energy out. A lot of unrest in Egypt there's a lot of worry about it -- that we're gonna happen. You know radical person takeovers so it that -- feeding into the energy trade out.
OIL & GAS MARKET