Comments on: $100 Oil + The Higher Loonie = Gas prices still cheaper in the U.S.?

By: Preet

Preet — Sat, 05 Jan 2008 01:39:25 +0000

I spoke with the CEO of an Oil exploration company back in November who has been in the industry for 30+ years. We talked about Peak Oil and he made a very convincing argument that we are indeed AT Peak Oil now… In his words – the party is over – cheap oil is a thing of the past.

Given that almost half of the world’s population is going through the growth stage that North America had decades ago – the global appetite for natural resources and infrastructure may be high for year and years to come. The ride will be bumpy though….

By: johnny pohoyhoy

johnny pohoyhoy — Fri, 04 Jan 2008 13:24:14 +0000

The rising price of oil is especially interesting if you subscribe to the "peak oil" theory. Basically the idea is that worldwide oil production has already peaked or will soon. This means shortages, spiking prices, and perhaps a prolonged global recession as we struggle to find cheap and plentiful alternatives over the next few decades (wind, solar, bio-ethanol etc don't even come close). So, worst-case scenario: stock markets take a beating like we've never seen before. But, energy sector stocks should do better, and maybe even make a killing, since energy will still be in relatively high demand as supplies dwindle.Or, would the overall slowing of the economy drag these stocks down along with everything else?

In other words, what do people think: would putting a chunk of money into energy sector ETF's be a smart hedge?

By: Preet

Preet — Thu, 03 Jan 2008 22:23:55 +0000

Thanks for the tip and Happy New Year Traciatim!

By: Traciatim

Traciatim — Thu, 03 Jan 2008 22:09:25 +0000

Just another, you can use google calculator to do similar transactions, for instance normall you can type something like:

3 * 5

in the google search bar and google will return an answer like:

3 * 5 = 15

You can use this to do complex calculations, for instance you can say things like:

2.2 hectares in acres

you'll get back:

2.2 hectares = 5.43631839 acres

You can also go even more complex and do:

3.15 USD per gallon in CAD per liter

and get back:

3.15 (U.S. dollars per US gallon) = 0.818411472 Canadian dollars per liter