In some odd way I am an oil price geek. In 2006, when I was starting this blog and starting to speak full time about the future, I made a forecast that oil would get to $125 a barrel price in 2008. At the time it was trading around $70 a barrel, which was […]
As many of you who have read my writings over the years know, I have written quite a bit about energy, sources of energy and the price of oil. In fact one of the first forecasts that gave me widespread recognition was made in the Spring of 2006 when I suggested that by 2008 […]
The Great Recession of 2008-2010/11 is going to be a very tough time economically. As I wrote in my Forecast for 2009, this economic collapse brings four words to mind. The first word is contraction, which is the standard way to view a recession. Economic activity contracts and we are in a recession, economic expansion […]
This is not a column about Cole Porter, the great Broadway composer who wrote the wonderful song “Night and Day”. This column is about climate change and the urgent need for humanity to dramatically alter its’ energy equation. At a recent global climate change summit in Poland, John Kerry, the ranking U.S. representative told the […]
Recently, people have been asking me a lot of questions about the fluctuating price of oil “What is the price of oil going to be?” “Was the recent price spike of $147 a barrel an all-time high that we won’t see again?” And “Will the global economic slowdown drive the price of oil back down […]
The last 50 years of humanity’s mindless consumption of fossil fuels has helped accelerate global warming. The total lack of a cohesive energy policy and program in America has given us $4 a gallon gasoline with $5 and $6 a gallon a practical certainty. There are millions of new riders on our mass transit systems […]
Two years ago in this blog, I wrote a futuristic column from April 20, 2009. The title of the column was “Remember When Gas Was Cheap?†At that time I predicted that the price of oil in early 2008 would reach $125 and that in April 2009 it would be $137. In January of 2007 […]
It is generally accepted that America could immediately reduce energy consumption by at least 20% if intelligent conservation efforts were implemented at all levels. As a country, we established energy use habits decades ago when all forms of energy were relatively cheap. Lights on in high rise building at night, corridors in hotels and office […]
Regular readers of this column know that I have long predicted that oil would reach and then exceed the $100 price barrier. In fact, when this barrier was first breached the first few days of January, readers congratulated me on the veracity of my prediction. Yesterday was the first time that a barrel of oil […]
There is no question in my mind but that oil will rise to at least $100 a barrel within the next year. It is easy to see a scenario of $125 a barrel price in the same time frame. The triple digit price of oil will become the norm. Recently it has been trading in […]