misterno wrote:USO is trading around $27.67, sorry for whoever bought USO at a higher price
http://finance.yahoo.com/q?s=uso
Consider buying CLZ17 december futures which is trading around $71.50
I will buy CLZ17 when it hits $50
Translation: temporarily == permanently“It’s temporarily on hold as we assess our cash situation,” said GM spokeswoman Sharon Basel.
Tyler_JC wrote:
misterno wrote:USO is trading around $27.67, sorry for whoever bought USO at a higher price
MC2 wrote:This buck-forty a gallon crap is ridiculous, and SUV sales are even starting to take off.
dohboi wrote:nate over at tod just made a claim that all new oil in aggregate has an EROEI of one--that is no net energy is being produced. Does anyone have a way to confirm or refute such a claim? shortonoil?
nate over at tod just made a claim that all new oil in aggregate has an EROEI of one--that is no net energy is being produced. Does anyone have a way to confirm or refute such a claim? shortonoil?
Ravenscroft on December 28, 2008 - 7:49pm
Nate:
I am trying to understand here. If EROI for some New Oil is approaching energy break-even then how can you make money on its extraction other than with rising prices.
Thanks, short. I noticed that, in the thread you linked, you say it will be 17 years before we hit a real energy wall, yet above on this thread you make it sound like it will be ten years or so (if I'm understanding your math).
Is there a discrepency here, or has your thinking changed, or (the most likely posibility) am I misunderstanding something?
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