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Commodities as an asset class been bad for 1-2 years.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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16-01-2014, 02:21 PM
(This post was last modified: 16-01-2014, 02:22 PM by specuvestor.)
"I recently attended a Transatlantic Dialogue on Energy Security with senior military officers in London and Washington. The message was that shale will come and go - with US tight gas peaking by 2017 - creating a false sense of security as the deeper strategic threat continues to build"
I think this is most illuminating in an article talking about glut, and inline with what was discussed in the shale gas thread. It is very disturbing that people and market assume shale gas fields has oil field's half life. In the short run, the market is a voting machine.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
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Most of us know about peak oil. I'm not sure most of us understand shale gas dynamics
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
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Technology will think of ways to extract gas from marginal wells (gas or oil).
And help find oil and gas in different places.
Thats why peak oil is always wrong. For now.
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I'm not so concern about peak oil, or of man running out of cheap fuel / energy source. I am more worried about whether all the carbon emitted will have catastrophic consequences, and if so, how is man going to transit towards clean energy sources.