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Wednesday, April 22, 2020

WHAT EVER HAPPENED TO “PEAK OIL”?

“The case for “peak oil” never made any sense whatsoever!”

The case for “peak oil” was simply “stupid” … the world is not “static”, meaning
innovation & technology doesn’t stand still in the hunt for fossil fuels when
there’s money to be made developing them … just cuz you don’t or can’t find the
oil in 1955, doesn’t mean there isn’t any in 2000, 2020, or 2100 … and as the
current oil bust reminds people, there’s always an argument for higher price
down the road, just as there is the argument for a collapse … so it’s been, so it
will always be.

Oh, great news! … crude oil is positive today, with the Turnkey CFD hanging
around $12 here in the early A.M. before New York begins … whoop whoop break
out the party hats … of course, as I noted over on traderzoogold, the scumbag
LP’s can’t keep an honest spread so what’s the point? … what a fucking joke
… they really do think we’re a bunch of dopes … and for the rest of the day oil
doesn’t do shit, and yet the 13 cent spread stays … another scam market.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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