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The Forum > Article Comments > The downside for oil is limited > Comments

The downside for oil is limited : Comments

By Nicholas Cunningham, published 12/9/2018

But beyond the technical analysis, oil prices also face some questions on the fundamentals.

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What happens next? Underlined as starkly as it gets by the Saudi sell-off of its oil assets for a reported two trillion?

So they can invest in carbon-free, element U? Which President Donald Trump seems very enthusiastic about?

We reportedly have 25% of the world's known reserves and are already mining some of it in northern South Australia?

It's said to be the most energy dense material (after also carbon-free thorium) on the planet? And that a lump the size of a golf ball, costing a tad under $11.00 will power your home for three years? And we already have enough to power the planet for 230 carbon-free years

And you can be sure, If we are mining it? And Donald Trump and several other billionaires love it!

Element U not only has a future. And recognised as inevitable by the as ever, pragmatic Saudis! While oil's prospects grow grimmer by the day and with every new deposit of carbon-free element U!

Can not see the picture improving much for oil from here or indeed, coal!

This is the time where logic prevails and good businessmen cut their losses, like the Saudis, and gets out!

I mean, carbon-free element U and or carbon-free thorium, electric vehicles rolling off production lines in the millions! Plus lithium and graphene!

How much forewarning do you troglodytes need Nicklaus? Or our own hopeless coal-fired dinosaurs?

We are not going to allow energy brokers to corner the element U market, whose only contribution is to buy, sell and price gouge for maximized unearned profit, (billions) for little more than tapping a few times on a keyboard? Not again!

Need to get a real job Nick and earn your own money, with your own blood, sweat and tears!
Alan B.
Posted by Alan B., Wednesday, 12 September 2018 12:03:09 PM
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Where would the competent people to run a nuclear plant come from, Australia ?
Posted by individual, Friday, 14 September 2018 3:23:52 AM
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