In this week's report:

Do you know how much of your electricity is generated by fossil fuels?

Two price signals a decade apart?

OPEC members have a problem:

"As oil prices continue to fall, the average price received by OPEC is now approaching $40 a barrel. A recent analysis by PFC Energy suggests that this price is well below what most of the members need to balance their budgets. Venezuela is said to need oil at $102; Iran at $83, the Saudis at $54; Kuwait at $52; and the UAE at $45." Tom Whipple ASPO-USA

Link to this week's Master Resource Report 2008-11-28

Disclaimer

This publication is dedicated to the education of readers and is an information service only. While the editor is licensed to offer investments and investment advice, the information provided herein is not to be construed as an offer to buy or sell securities of any kind, is the opinion of the author and not endorsed by KMS Financial Services, Inc. It is possible at this or some subsequent date, the editor and/or affiliated parties may own, buy or sell securities discussed in this newsletter, or based upon information provided in the newsletter, or contrary to information provided in this newsletter. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. We make every effort to provide timely information, but cannot guarantee specific delivery times due to factors beyond our control.

In this week's report:

More on the IEA World Energy Outlook 2008

Demand Planning for the electric grid

Cheap Oil will likely make Peak Oil Worse!

How about an electric Mini Cooper?

Link to this week's Master Resource Report 2008-11-21

Disclaimer

This publication is dedicated to the education of readers and is an information service only. While the editor is licensed to offer investments and investment advice, the information provided herein is not to be construed as an offer to buy or sell securities of any kind, is the opinion of the author and not endorsed by KMS Financial Services, Inc. It is possible at this or some subsequent date, the editor and/or affiliated parties may own, buy or sell securities discussed in this newsletter, or based upon information provided in the newsletter, or contrary to information provided in this newsletter. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. We make every effort to provide timely information, but cannot guarantee specific delivery times due to factors beyond our control.

In this week's report:

IEA World Energy Outlook 2008

U.S. gasoline demand up again?

Have oil prices really collapsed?

Well we can't have it both ways, one of these is wrong.

(CNBC Nov. 13, 2008) "Within the next four to five years, oil prices may surge as high as $300 a barrel, forecasts Puru Saxena, CEO of Puru Saxena Wealth Management. He tells CNBC that is why he still likes oil and other natural resources." He makes some good arguments. (Note this is a video broadband required)

http://www.cnbc.com/id/15840232/?video=926944629&play=1

OR

(Bloomberg Nov. 13, 2008) "Oil traders made their biggest bet yet that the Organization of Petroleum Exporting Countries will fail to prevent crude prices from plunging below $30 a barrel." These are the same geniuses who drove oil to $147/barrel just 5 months ago.

http://www.bloomberg.com/apps/news?pid=20601072&sid=acH_6lVS.OfA&refer=energy

"DUBAI -- This city's six-year property boom appears finally to be over, with asking prices for some homes here falling as much as 19% in October from the previous month, according to a closely followed survey." Wow, a 19% decline in a month. That makes the property market here in Seattle look downright great. Remember though that Dubai has been my poster child for unsustainable for a long time. I had no idea it would be proven so in just one month.

http://online.wsj.com/article/SB122649558637520553.html (WSJ subscription required)

Good news on climate change, but bad news for electricity supplies.

(Sierra Club – Nov. 13, 2008) "In a move that signals the start of the our clean energy future, the Environmental Protection Agency's Environmental Appeals Board (EAB) ruled today EPA had no valid reason for refusing to limit from new coal-fired power plants the carbon dioxide emissions that cause global warming. The decision means that all new and proposed coal plants nationwide must go back and address their carbon dioxide emissions." This will force the issues of efficiency and conservation into the nation's electrical market. It will also force the nation to realize that carbon sequestration won't work. The world ahead is going to be different that is for sure.

http://action.sierraclub.org/site/MessageViewer?em_id=78902.0

Link to this week's Master Resource Report 2008-11-14

Disclaimer

This publication is dedicated to the education of readers and is an information service only. While the editor is licensed to offer investments and investment advice, the information provided herein is not to be construed as an offer to buy or sell securities of any kind, is the opinion of the author and not endorsed by KMS Financial Services, Inc. It is possible at this or some subsequent date, the editor and/or affiliated parties may own, buy or sell securities discussed in this newsletter, or based upon information provided in the newsletter, or contrary to information provided in this newsletter. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. We make every effort to provide timely information, but cannot guarantee specific delivery times due to factors beyond our control.

In this week's report:

Oil Prices and the economy's troubles.

Opec, will the cuts happen?

Should you replace your car with a bike?

"Oil and gas drilling to drop 10% in Alberta, industry forecasts"

"Oil and gas drilling will take a big hit in Alberta next year, with 1,350 fewer wells forecast by the Petroleum Services Association of Canada." This is the side of lower energy prices that never seems to be given much attention. The ultimate impact on both supply and price is clear, but of course that is tomorrow not today.

Reuters (Nov. 5, 2008) "The growing financial crisis and plunging energy prices have forced oil companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit." The article gives a list of cancelled or scaled back projects in Canada's tar sands region.

Then there is Brazil.

(Associated Press Oct. 22, 2008) "Sergio Gabrielli says some investments for the massive pre-salt oil finds slated to take place between 2009 and 2013 are likely to be extended to 2020." Remember Brazil was supposed to bring huge supply in the next few years.

Next Week the IEA's World Energy Outlook 2008 is due for release.

This will be a very important report. Any bets on how well it will be covered?

Link to this week's Master Resource Report 2008-11-07

Disclaimer

This publication is dedicated to the education of readers and is an information service only. While the editor is licensed to offer investments and investment advice, the information provided herein is not to be construed as an offer to buy or sell securities of any kind, is the opinion of the author and not endorsed by KMS Financial Services, Inc. It is possible at this or some subsequent date, the editor and/or affiliated parties may own, buy or sell securities discussed in this newsletter, or based upon information provided in the newsletter, or contrary to information provided in this newsletter. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. We make every effort to provide timely information, but cannot guarantee specific delivery times due to factors beyond our control.