Wednesday, January 02, 2008
Oil hits $100 a barrel
The price of oil touched $100/barrel today, January 2, 2008
Mark Anderson predicted $100 oil in 2008, what a guy, it had already hit $98 and change in 2007. (It's my candidate for the lamest prediction of 2007.) Myself, I think we're gonna see $200 before 2010.
Matt Oristano, who's planning to build a super-insulated house, writes, "Most of my neighbors live in tear-downs, they just don't realize it yet."
UPDATE (1/7/08): Bloomberg: Oil $200 Options Rise 10-Fold in Bet on Higher Crude
Mark Anderson predicted $100 oil in 2008, what a guy, it had already hit $98 and change in 2007. (It's my candidate for the lamest prediction of 2007.) Myself, I think we're gonna see $200 before 2010.
Matt Oristano, who's planning to build a super-insulated house, writes, "Most of my neighbors live in tear-downs, they just don't realize it yet."
UPDATE (1/7/08): Bloomberg: Oil $200 Options Rise 10-Fold in Bet on Higher Crude
The fastest-growing bet in the oil market these days is that the price of crude will double to $200 a barrel by the end of the year. Options to buy oil for $200 on the New York Mercantile Exchange rose 10-fold in the past two months to 5,533 contracts, a record increase for any similar period . . .Thanks to Anders Fernstedt for this update . . .
Technorati Tags: HubbertsPeak, Oil
Comments:
While it doesn't contradict $200/bbl oil, Amory Lovins web site and Oil Endgame TED talk are highly relevant to this topic.
http://www.ted.com/talks/view/id/51
http://www.oilendgame.com/
Dick Karpinski
Post a Comment
http://www.ted.com/talks/view/id/51
http://www.oilendgame.com/
Dick Karpinski
