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Why Peak Oil Is a Crock
22 hours ago ago from Investors Daily Edge
Since Christmas 2008, oil prices have more than doubled. The bulls are declaring that oil is back. But I’m not convinced. You can make a great deal of money in the oil patch, but not by betting long on oil. The odds are simply no longer with you. Once an asset doubles, the chances of it doubling again go way down. Sure it could happen with oil. But it’s a sucker’s game. The big winners sitting on their piles of cash are more likely to walk ...
Related contentDrumbeat: February 9, 2010
16 hours ago ago from The Oil Drum - Discussions about Energy and Our Future
Ghana Blocks Exxon Oil-Field Deal The government of Ghana blocked the estimated $4 billion sale of a stake in a huge oil field, foiling months of talks between potential buyer Exxon Mobil Corp. and the stake's owner, Kosmos Energy LLC. The government accused Dallas-based Kosmos of cutting Ghana's state-run oil company out of discussions about the field's development and then sharing information about the field with potential buyers ...
Related contentDWELL: 21 West 120th Street in Contract
9 hours ago ago from H A R L E M + B E S P O K E
After being on the market for one year and three months, 21 West 120th Street finally (between Lenox and Mt. Morris Park West) went into contract. The building is definitely on one of the most prime blocks of the Mount Morris Park Historic District but why did it take so long? The original asking price back in November 2008 was pretty reasonable at $995K for a habitable building that needed work. So why didn't it move over for over a year ...
Related contentWest End at Rottnest Island…One of only a few Calm Days a Year!!
6 hours ago ago from True North Mark's Blog
Last weekend was one of those very special weekends where there was literally no swell, which is a bit of a shame in one way as I had 3 very keen surfers on board who were quite frustrated!! But the conditions did allow us a very unique opportunity to land right at West End in the tender and explore areas that are normally getting pounded by huge waves. I did take some shots earlier this year during a winter storm when 8m waves were ...
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