Caltrops - Lemonade Stand





	[quote name="Ray of Light"]When I did it, the price per barrel was 1/4th the previous summer's peak and well below the past few years' norms. There was ample proof that the market could support a higher price than $35 per. <img alt="File:WTI price 96 09.svg" src="http://upload.wikimedia.org/wikipedia/commons/thumb/c/c7/WTI_price_96_09.svg/621px-WTI_price_96_09.svg.png" height="435" width="621"> The current price (~$80/bbl) is not depressed at all (relative to history), and there are buffers against permanent runups (e.g. Canada's tar sands, and people's sudden willingness to drive less and trade in SUV's above $100/bbl). I'm not sure the Fools are wrong, but (as Caltrops' own Mysterious Stranger points out) it's a spectacular leap to claim the Chinese will pay $150 per when we know that Americans won't. <b>SIDEBAR: amusing lines from the article!</b> "[China] has <i>four times the population of the United States</i>, it today consumes <i>less than half the amount of oil</i>." -- Not mentioned: 90% of those people live in the bronze age, completely lacking in money to buy fuel, cars to drink it, and roads to drive them on. "Unlike the U.S., China has anticipated this" -- is a fucking crazy statement (The U.S., you may recall, invaded and occupied an oil-rich country earlier this decade so as to gain control of their natural resources). "going long on oil and related energy companies for the long term at current prices is probably a pretty good play. (That's particularly true if you believe alternative energy technologies will be slow to commercialize.)" -- What you believe doesn't affect the quality of the (long) play. The speed at which alternatives appear is largely dictated by the price of crude. "Stalin massacred many millions more people, but his system was neither so perfect nor so unreasonable." -- <a href="http://www.caltrops.com/pointy.php?action=viewPost&pid=114106">not</a> actually from the article or related to fuel prices but hoo-boy is this ever misinformed. "first published June 26, 2009" -- this shit is two months old! So long ago that when it was written, <i>QB was still living in the free world</i>.[/quote]