Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Fears aside, the Black Gold Will Prevail

Commodities / Crude Oil Feb 12, 2013 - 01:56 PM GMT

By: Submissions

Commodities

Brentt Taylor  writes: As snowstorms rage in the U.S. Northeast, heating oil rose to its highest level in almost four months prompting discussions and predictions over the likelihood of heating oil becoming an increasingly sought-after commodity in the next few years.

Such talks have also impelled speculations about global warming being a real threat in the near future. If the cooling trend of the past few years will continue, it is unlikely that heating oil will become a superfluous commodity any time soon. If the cold winters of the past decade persist, the demand for oil will intensify and consequently push oil prices up.


For any investor who wants to make money: look at actual demand, not demand concocted by politicians. The development of alternative energy resources is important for a variety of reasons, but not always essential. For example, global temperatures have been declining for more than 10 years, and global temperatures will likely continue to decline for another two decades or more. In 2000, the UN’s IPCC projected that temperatures would rise by one Celsius by 2010. Was the estimate a result of science or political science used to justify industry-strangulating regulations?

Writing in 2010, Don Easterbrook, Professor Emeritus of Geology at Western Washington University, argued that global temperatures would decline by 2010. He made that prediction because he knew the Pacific Decadal Oscillation (PDO) had become cold in 1999. Every 25 to 30 years the oceans experience a cycle in which the cold water from below replaces the warm water at the surface.

The fact remains, oil is still the most economically feasible energy source and it would be an unenviable task for any incumbent politician running for reelection to preach about the nobility of green energy as an alternative to that cheap black gold most Americans living in cold climates refer to as a life-saving substance. Investors: Listen to scientists, not political scientists - Listen to the actual demand, not the political demand.

Oil is not about to run out any time soon and it would be unwise for any country to abandon it for the fear of global warming which, after all, does not seem to be such a well-warranted fear if recent studies and weather patterns are any indication.

Author’s Bio: Brentt Taylor is a professional writer with a focus on finance and economy. He is currently writing for Banc De Binary. You could reach him at bren@saveonmoney.org

© 2013 Copyright Brentt Taylor - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in