On July 3rd, 2008 I entered into a long position on crude oil futures. At the time, the future for December 2012 sweet, light crude oil was priced at $141.25. A few days later, the price of oil began to fall. For the past five months, I've been holding on to this position, believing that oil is definitely worth much more than $141.25 per barrel ( Read more... )

This article is in response to the "Let's All Boycott Exxon and Mobil Gas Station's" email which I receive fairly regularly.

I love when I get this email, because I get to again remind myself and others of how gas prices are set.

Let me clarify with this article, which I'll call "Peak Oil: The Story Behind Gas Prices#1 Not buying gas from an ( Read more... )

In a World Short Of Oil, Provisions Must Be Made
Mr. Wissner of Middleville Stocks Up on Rice, Gold; No Faith in a 'Techno Fix'

Wall Street Journal; Page A1
January 26, 2008
By NEIL KING JR.

MIDDLEVILLE, Mich. -- It was around midnight one evening in November when Aaron Wissner shot up in bed, jolted awake by a fear: He wasn't fully ready for the ( Read more... )

World Oil Production Extraction Supply Plateau Charts - December 2007


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For the past two years, I have been keeping an eye on the press to see if peak oil is hitting the mainstream. In that time, books, documentary films, magazine articles, websites, and community groups have all come on the scene. I've been keeping track of something else... how many newspaper and similar online media mention peak oil ( Read more... )