Thursday, August 25, 2005

PEAK OIL?


















China demand will continue to grow, tempting energy bulls to deny a fall in prices possible. Correction IMHO is a given.

D

1 comment:

Anonymous said...

Hi Contrarian Advisor,

I am looking for the peak in the oil market this fall season, maybe early next year at the most. As then I see CL will move down into the $10 level over the next 1/2 decade or so.

NY Merc seats are now at 2.6 million bid, leases at about 20k-22k per month. Only a few have let the seats go, which I think is a great sale here on them.