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  • LwC commented on LwC's topic 08-24 20:34
    Bloomberg: Andy Hall Sees ‘Phenomenal’ Demand in U.S. and Asia Ending Oil Glut
    Bloomberg: Andy Hall Sees ‘Phenomenal’ Demand in U.S. and Asia Ending Oil Glut by Simone Foxman and Bradley Olson July 7, 2015 For the past...
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    LwC 08-24 21:34
    • Art Berman takes on John Mauldin's recent blog post "Riding the Energy Wave to the Future":



      John Mauldin Defends The Faith, Fails Economics 101

      Posted in The Petroleum Truth Report on August 24, 2015



      "I am surprised that an expert like Mauldin is willing to accept a statement that is, on the face of it, unbelievable. Seriously, is there a business in the world that can experience a one-third drop in the price of its product–from $95 to $65 oil price, in this case–and make more money after the fall in price than before?"



      http://www.artberman.com/john-mauldin-defends-the-faith-fails-economics-101/
  • LwC commented on LwC's topic 08-17 13:29
    Bloomberg: Andy Hall Sees ‘Phenomenal’ Demand in U.S. and Asia Ending Oil Glut
    Bloomberg: Andy Hall Sees ‘Phenomenal’ Demand in U.S. and Asia Ending Oil Glut by Simone Foxman and Bradley Olson July 7, 2015 For the past...
    View all 7 comments
    LwC 08-17 14:29
    • A humorous interlude:

      In one shareholder report, Buffett repeated one of Ben's [Ben Graham> favorite gags about the oil prospector who died and went to heaven. St. Peter greeted him with the disconcerting news that although the prospector was qualified for residency, all the spots reserved for oil men were taken. There was no room for him. "After thinking a moment, the prospector asked if he might say just four words to the present occupants. That seemed harmless to St. Peter, so the prospector cupped his hands and yelled, 'Oil discovered in hell.'" The gate burst open and the oil men inside rushed toward the devil's gate. St. Peter was so impressed that he invited the prospector in. "No," replied the prospector. "I think I'll go along with rest of the boys. There might be some truth to that rumor after all." — From Benjamin Graham on Value Investing by Janet Lowe
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