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Oil Report

Posted by Peter Grandich at 8:59 AM on Friday, February 27th, 2009

One of our readers published this excellent report

Keep up the good work!

This entry was posted on Friday, February 27th, 2009 at 8:59 am and is filed under All Posts, Oil, U.S. Economy, world economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Oil Report”

  1. chris ruel says:
    February 27, 2009 at 2:51 pm

    nice read…alot of work went into that report.

  2. Michael says:
    February 27, 2009 at 8:58 pm

    Indeed, a very comprehensive report. However which are the best ways to play the upward trend over a medium term, say 3-5 years, if one wants to go for the real stuff instead of the usual oil companies or futures?
    ETFs like DXO, HOU, USO, or something like LOIL in London? Does anyone know where one can find a good comparison of these ETFs or similar ones?
    Btw, for my daily use, I changed to a Subaru diesel car, with a consumption of 5.8l/100km, and I am storing a few drums with 2 thousand liters of diesel (which is safe to store, easy to handle, and legal here in NZ) in my garage, just in case…

  3. Paul says:
    February 27, 2009 at 9:37 pm

    Thanks for the article!!

    Does anyone know where I can learn about participating in future oil appreciation in the options markets? I do own oil ETF’s but I would love to learn more about the opportunities with options.

    Thanks!

  4. Scott says:
    February 28, 2009 at 7:57 pm

    Peter, thanks for passing this report along… very interesting.

    I was a bit surprised by the author not including Canada’s oil reserves in the “proven reserves” graph on page 12. Canada’s reserves are second only to Saudi Arabia. See following quote from Wikipedia (Source: http://en.wikipedia.org/wiki/Athabasca_Oil_Sands)

    “With modern non-conventional oil production technology, at least 10% of these deposits, or about 170 billion barrels (27×10^9 m3) were considered to be economically recoverable at 2006 prices, making Canada’s total oil reserves the second largest in the world, after Saudi Arabia’s.”

    Also surprised by the comments relating to Oil Sands on page 19… your thoughts?

    Paul, re: your question on participating on future oil appreciation… I don’t know about options, but the Sprott Canadian Equity fund has high exposure to both energy and precious metals. http://www.globefund.com/servlet/Page/document/v5/data/fund?style=na_eq&id=54788&gf_uid=globeandmail.gf.03614893114

    Regards, Scott

  5. Mike says:
    February 28, 2009 at 8:51 pm

    Peter just wondering how you can call a bottom in oil 35-40 when you are calling further pain in the US economy?

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