Quick Comments

Felix The Cat said...
Boone Picken specialises in O and G. Now looking at alternative enerygy source to invest in. Does this mean we gonna run out of Oil soon. I hear our Malaysian petrol pump oil is gonna go to RM4/litre. Can afford a car but cannot afford to drive it.

Wednesday, June 04, 2008 7:10:00 AM

Opine said...
Mr.Pickens is specifically worried about america's energy consumption going forward, so he is looking at viable alternatives and hoping, of course to profit from it.Oil is not going to run out but will get more expensive as supply woes hit main street.Malaysian petrol will be RM2.70/litre this year, and i won't rule out an increase again next year.

Wednesday, June 04, 2008 11:13:00 AM

Opine said...
Crude inventories in the US down 4million plus barrels, and yet Crude is down in the markets.This means either :-- The statistics are wrong/false- There really is a shortage of production(supply)- There is some hoarding of crude- The Crude prices has a whole lot of speculation.Somehow i feel this is the calm before the storm.

Wednesday, June 04, 2008 6:25:00 PM

Felix The Cat said...
I read about Canadian Oil Sands in Alberta. With 3 times the reserves of the total Middle East nation. Is this real. Oil Sands?

Thursday, June 05, 2008 6:54:00 AM

TOM BOLEH said...
Hi Boon, I wrote my opinions on today Malaysia petrol price hike in my talkonlymah.blogspot, can share here?"... The price hike came sooner than we could say "shit". As anticipated, in most of the online chat / trading communities, many now blaming the government, making emotional comments, irrational remarks, and etc., but almost none is taking his/her position in a constructive manner."The cars nowadays just get bigger and so are the fuel tanks, and we are doing well and wanting to upgrade our cars every one and then. Never mind fuel prices. We have goman to take care of that," Does this thought ever cross your mind? The price hike is a wake up call to most of us. We have been enjoying too much cheap fuels, so is to cheap labors, now we are just paying the real prices (almost). We have been laughing at Bolehsia's Tongkat Policy. So what now? Crying out for we need subsidies? We can't have double standard, can we? Life goes on. Think of a way to reduce our living costs."yeah, can sense many want to stone me already.. wahahaha.

Thursday, June 05, 2008 8:43:00 AM

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Pickens has been working on his wind energy project *before* Crude was at 85 and Natural Gas at 7. He knew the energy crisis coming.

There's one important point I would like to make here: the world is NOT running out of oil. What the world has run out of is CHEAP oil. Most of the low hanging fruit have already been pumped out and consumed. And technology will offer no quick solution. Now is for the price to kill the demand. But the new demand coming from Asia, China and India in particular, is largely subsidised. Moreover, if China allows its Renminbi to strengthen further, that will make oil relatively cheaper for the Chinese consumers and they will, hence, consume more. The demand from Asia is unlikely to be affected.

With high energy prices, development and investment in alternative energy will happen. Look at the current US presidential election: "Energy Security" is now the new catch phrase. Both Clinton and Obama's campaigns are backed by capitalists who want reform and policies that will make alternative energy the next big money maker, just like what George W Bush did for the mortgage and financial sectors when he let Greenspan inflated the housing bubble.

Yes, oil sands are real, and they gave Alberta its booming property prices and businesses. The reserve is big and I know Jim Rogers is an investor in it. However, to produce oil from oil sands is not straightforward -- hence the produced oil will be priced higher -- and the production process itself will need an energy source. And guess what's the best energy source for that in Canada? Our research shows -- Natural Gas!