History reminds us the $700B bailout will cause irremediable inflation. STEVE AUSTIN | 2008/10/06 As the US house of representatives voted to increase the dollar supply by $700B, many are wondering what effect this will have on energy prices.History is full of tragic examples where helicopter money triggered rampant inflation and widespread economic hardship. Let’s […]

Forecast long-term oil shortages dampen need for new refineries. GIUSEPPE MARCONI | 2008/07/23 Oil companies won’t be building more refineries, because there won’t be enough oil left to refine by the time new refineries could pay for themselves. There hasn’t been a new refinery built in the US since 1976. In 1982, there were 301 […]

China North East Petroleum (NEP), with its innovative business model and flawless execution may be the most promising oil producer. STEVE AUSTIN | 2008/05/07 Increasingly, governments are demanding higher prices from oil conglomerates for tapping into their onshore reserves and sometimes even excluding them in favor of domestic expertise. It looks bleaker and bleaker for […]