According to The Wall Street Journal four of the five worst stocks in 2014 were oil/energy related and the fifth was Avon. Gas prices were cheaper and women were opting for more expensive cosmetics? I’m guessing that’s probably not the case.
TRANSOCEAN LTD. – DOWN 62%
DENBURY RESOURCES INC. – DOWN 50%
NOBLE CORP. – DOWN 47%
ENSCO PLC – DOWN 46%
AVON PRODUCTS INC. – DOWN 44%
Gas prices at the pumps hit a four year all time low, which is great for us; but, does this savings come at too high of an eventual cost or are we just really looking for problems where there aren’t any? There is no simple answer if there is one at all. Economists, environmentalists, scientists and politicians all have theories (often conflicting) but do have one slick concept in common- peak oil.
Peak Oil
The concept that since oil is non-renewable, there will be a point in the future at which the rate of extraction will hit a peak and thereafter will decline. The model and term, peak oil was first introduced by M. King Hubbert in 1965. This term should not be interchanged with oil depletion, as that is the period where oil reserves become depleted, whereas peak oil describes the point at which we will hit maximum production, the peak of oil production.
Complete story at - The Oil Plunge: The Facts & Why We Should Care | KILLING MY CAREER
TRANSOCEAN LTD. – DOWN 62%
DENBURY RESOURCES INC. – DOWN 50%
NOBLE CORP. – DOWN 47%
ENSCO PLC – DOWN 46%
AVON PRODUCTS INC. – DOWN 44%
Gas prices at the pumps hit a four year all time low, which is great for us; but, does this savings come at too high of an eventual cost or are we just really looking for problems where there aren’t any? There is no simple answer if there is one at all. Economists, environmentalists, scientists and politicians all have theories (often conflicting) but do have one slick concept in common- peak oil.
Peak Oil
The concept that since oil is non-renewable, there will be a point in the future at which the rate of extraction will hit a peak and thereafter will decline. The model and term, peak oil was first introduced by M. King Hubbert in 1965. This term should not be interchanged with oil depletion, as that is the period where oil reserves become depleted, whereas peak oil describes the point at which we will hit maximum production, the peak of oil production.
Complete story at - The Oil Plunge: The Facts & Why We Should Care | KILLING MY CAREER
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