This video made me make stool. Then, I realized its 11/24/10 and that I am filling up my gas tank today for Thanksgiving travel, wherupon later in the day, I will probably make stool once more.
So it's now the end of 2009, things didn't turn out exactly as you predicted, it's ok. Few others know either. Especially the possibly unlimited volumes beneath the shelves of so many continents, yet to experience a drill bit. It would be great to have a drink with you one day to talk some more about this and other Unknowns of the universe...Take care.
L.O.L. Love you George but this was the wrong call at the wrong time! The market tumbled right after you produced this video and Oil inventories are at 20 year highs!!!! The only reason Oil climbed back up to $65 from $32 was due to the falling dollar.
When you aren't screaming...Do people mistakenly assume you're in a coma?
Seriously, though...I don't think it takes a rocket scientist to understand that oil is a scarce commodity that will run out. Most of use have known...At least in the backs of our heads...that this will happen.
I look forward to less stressful days of riding the horse to market. I hate my cubicle.
Oil prices have to be analyzed with caution, speculation and strategy games of the OPEC countries influence the price as well as the Dollar:
Oil is priced in dollars so movements in that currency will also impact upon the price of oil. The weaker the dollar, the higher the dollar price of oil because it takes more dollars to buy a barrel.
Scarcity of oil might be disguised in the short run.
Zapata, I like you man, but you are using traditional fundamental analysis instead of real world fundamentals. We see now the oil prices have reached $37 bbl from $150/bbl. A drop of 76%. In the real world, the powers at be will kill the demand before the supply is dead, hence the organized 'financial crisis'. Bubbles rarely re-inflate, you will see oil between 55-65 dollars per barrel and that will be where they are maintained. If george followed his advice here, he has been wiped out.
the crisis was a wildcard and in principle it could have been orchestrated and I think if the drilling get agressive enough there is probably a lot of small wells enough to keep the pace going for a decade or two still (but that's if they are prepared). but Michio Kaku (who's no oracle) gave a poingnant observation about the oil situation, he said we would have to dicover a new saudi arabia every 10 years to keep going and that's just not gonna happen. so the hard wall is coming sooner or later
I like the video #UN# thanks for sharing. We did a few videos on the subject as well.
StockMarketFunding 10 months ago
Time to read on. Everyone agrees Peak Oil is now considered a myth.
DeBunker7 1 year ago
This video made me make stool. Then, I realized its 11/24/10 and that I am filling up my gas tank today for Thanksgiving travel, wherupon later in the day, I will probably make stool once more.
SuperDickweed 1 year ago
BREAKING NEWS: CNBC AND FOXBUSINESS ANCHORS ARRESTED FOR ILLEGALLY ACCESSING PRIVATE EMAILS AND PHONE CALLS.
THIS IS GOING TO HAPPEN SOON THIS IS NOT A JOKE TELL EVERYONE YOU KNOW.
111WLee 1 year ago
Zapata George passed away this past weekend. RIP. You will be missed.
joe128pack 1 year ago
He must have died. He hasn't put a video up in over a year.
capitalismforever 1 year ago
@capitalismforever, you were 3 weeks early, he died a few days ago. RIP.
GiraffeCat 1 year ago
@GiraffeCat
Thanks all for the RIP, for all of you that made fun, look at the market today.
MultiMonaLisaa 1 year ago
George, Is it possible to replace petroleum, diesel, gas, oil etc. with another substance or plant?
im sure it is possible.
OnePresidentOfPeace 1 year ago
George,
So it's now the end of 2009, things didn't turn out exactly as you predicted, it's ok. Few others know either. Especially the possibly unlimited volumes beneath the shelves of so many continents, yet to experience a drill bit. It would be great to have a drink with you one day to talk some more about this and other Unknowns of the universe...Take care.
coastnative 2 years ago
Has your eye come good?
What happened to the patch?
dojufitz 2 years ago
ahahahahah - peak myth !
florgat91 2 years ago
L.O.L. Love you George but this was the wrong call at the wrong time! The market tumbled right after you produced this video and Oil inventories are at 20 year highs!!!! The only reason Oil climbed back up to $65 from $32 was due to the falling dollar.
investortownhall 2 years ago
The world runs on supply and demand
Catchetat 2 years ago
Oil prices will continue to soar...what a fucking idiot. Don't preach something as gospel unless your name is Jesus.
What are you going to do for your next trick...walk on water???
carlandsimon 3 years ago
That was you "screaming"?
When you aren't screaming...Do people mistakenly assume you're in a coma?
Seriously, though...I don't think it takes a rocket scientist to understand that oil is a scarce commodity that will run out. Most of use have known...At least in the backs of our heads...that this will happen.
I look forward to less stressful days of riding the horse to market. I hate my cubicle.
caltrop69 3 years ago
Oh dear!!!!!
Any idea how low the oil price will get? I'm betting on $30
whitevanman1234 3 years ago
Oil prices have to be analyzed with caution, speculation and strategy games of the OPEC countries influence the price as well as the Dollar:
Oil is priced in dollars so movements in that currency will also impact upon the price of oil. The weaker the dollar, the higher the dollar price of oil because it takes more dollars to buy a barrel.
Scarcity of oil might be disguised in the short run.
love2dsign4u 3 years ago
Zapata, I like you man, but you are using traditional fundamental analysis instead of real world fundamentals. We see now the oil prices have reached $37 bbl from $150/bbl. A drop of 76%. In the real world, the powers at be will kill the demand before the supply is dead, hence the organized 'financial crisis'. Bubbles rarely re-inflate, you will see oil between 55-65 dollars per barrel and that will be where they are maintained. If george followed his advice here, he has been wiped out.
SGDeGalvez 3 years ago
the crisis was a wildcard and in principle it could have been orchestrated and I think if the drilling get agressive enough there is probably a lot of small wells enough to keep the pace going for a decade or two still (but that's if they are prepared). but Michio Kaku (who's no oracle) gave a poingnant observation about the oil situation, he said we would have to dicover a new saudi arabia every 10 years to keep going and that's just not gonna happen. so the hard wall is coming sooner or later
DanFrederiksen 2 years ago
Hey we all make mistakes. Sometimes you are just ahead of your time George :o)
Personally, I think it is easy to see that the dollar is currently turning. I believe that peak oil is.... now.
Sepero1 3 years ago
good call with the oil prices soaring forever!
you are right on with your calls! $57 a barrel now just to remind you.
theinvestor 3 years ago
He is disappered....
johntaka 3 years ago
Thank you for allowing me to listen to you scream!
Sepero1 3 years ago
ZAPATA OIL
JFK!
yogiudo 3 years ago
congratulations with your eye!
jagclarke 3 years ago
102.73
jhnbtr 3 years ago
Meanwhile oil is at 92 dollars...
Mikannika 3 years ago
90 now
Uroshnor 3 years ago
Now 100.51
JiveDadson 3 years ago
Nice to see you without an eye patch.
virginlampoil 3 years ago
thanks george,good post.
k2ashley 3 years ago 2
yur wasting yur time, all you need to know is in the price action.
price is real as of 'now"
cybertrader69 3 years ago