OIL PRICES HIGHER—AGAIN

Rising prices and the ongoing do-loop (see yesterday's blog on energy commodities) afford another opportunity for this observation: The only real solution is a REAL energy commodities market, with a variety of viable options from which to choose. Not a variety of higher and lower grade oils, not a variety of greater and lesser polluting carbon products, but a real variety of energy commodities, each with a set of costs and benefits.

Right now, what we really have is oil, gas for some things in some places, coal when necessary, a little nuclear and a bunch of experiments. When those experiments become commodities, the market WILL respond.

Logical conclusion: EXPERIMENT LIKE YOUR LIFE DEPENDED ON IT! (Your kids’ lives DO!)

This editorial offers reasonable predicitons (and neat charts) about the long term oil outlook:

Oil Prices Ready to Launch: "Hugger" Style
Stephen Stewart
www.fatpitches.com/
June 29th, 2006 There are a lot of opinions on what the price of oil will do. The fundamental crowd can build a good case for either scenario - stable, lower or higher prices. However, it is our experience that the right opinion is the opinion of market participants. So what are they saying? The only way to know is do a study of prices. Lets not waste any time and look at the charts to get the proper perspective.