Ken Cheetham is an animal residing on a tiny planet hurtling through space. He has existed for the last 50 of the universe's several billion years. Ken's current goals are to work to increase corporate profits for another decade or two, see the important movies on the weekends, and then be dead forever.
Ken also maintains A Bay Area Progressive Directory on this web site, and is the author of The Nose Cover and other random cruft.
email: ken.cheetham@comcast.net (personal stuff)
bapd@comcast.net (activist stuff)
postal mail: POBox 11232, Berkeley CA 94712 USA
voice: (510) 848-9862 (Please start leaving a message because my ringer may be off, and then I can pick up.)
ExxonMobil, the world's largest oil company, expects that oil prices will fall as the current bullish cycle slows, the company's head of exploration operations said Friday.
"We primarily don't believe the price will stay this high. The oil business is cyclic ... Our expectations are that prices will drop," Tim Cejka, president of ExxonMobil Exploration Company, told Reuters at the company's new offices.
U.S. light crude for March delivery was up 94 cents [to] $67.20 a barrel in electronic trading Friday.
Reuters, 2006-01-27
Big oil producers should have learned one lesson from earlier booms: High prices don't last forever. Oil prices now are around $65 per barrel. But with greater production expected from non-OPEC producers such as Angola, Brazil and Azerbaijan, prices will drop to around $40 per barrel in 2007-08, says Jim Burkhart, director of oil market analysis for Cambridge Energy Research Associates.
USA Today, 2005-08-23
Alan Greenspan says the global economy faces the biggest oil shock in a generation, but the "current price frenzy" in energy markets is already waning as inventories rise.
Globe And Mail, 2005-04-05
[Saudi Minister of Petroleum and Mineral Resources Ali Al-Naimi] said Saudi Arabia is committed to sustaining the average price of $25 per barrel set by the Organization of the Petroleum Exporting Countries. He said prices should never increase to more than $28 or drop under $22.
Arab News (arabnews.com), 2004-04-29
Here's a nice Peak Oil Overview by Gail the Actuary (Gail Tverberg).
And links to peak energy news at EnergyBulletin.net
(including their Peak Oil Primer).
Ken owns the copyright on the sentence "The free market will liberate us all." Please send $18 for each utterance to the address above.
Dump the Dollar! Escape the falling (and bloody) US dollar with a foreign currency deposit at Everbank.com. (Click on the "World Currency Accounts" option.)
Ken devises a lot of fictional information in his home computer, so that any snoops who break in and steal his intellectual property will have to guess which parts are fact and which parts are fiction.
One product makes you stylish And one product makes you score But the ones that we keep buying Quickly turn into a bore Go ask Darwin Why we thirst for More And if you go chasing status Well you know you're going to fail Cause a cigar-smoking corporate feller Is holding a phantom grail Call Darwin Or send him e-mail When the men in the boardroom Get up and tell you what you need And you've just been watching television And the Joneses look in the lead Go ask Darwin I think he'll know When your genes only want to pass themselves on After you've fallen sloppy dead And they've tricked you into an endless rat race Though like the Red Queen you can't get ahead Remember What your gut once said Ease your dread Ease your dread
