The only decent link in the post is the Reason article that list doomsday prophets. The rest are rubbish like the doomists in the Reason article. There is no glut. The Wall Street Journal and the Interior dept says so with hard data and I don't believe in crackpot economics and conspiracies. Here's from the Reason article.
"The problem is that the vast majority of the world’s remaining oil reserves are not possessed by private enterprises. Seventy-seven percent of known reserves belong to government-owned companies(or are controlled by govm'ts like the feds). That means oil will be produced with all the efficiency associated with central planning."
That's undeveloped resources put off limits by govs, like the fed and state EPAs. The peak looks to be around 2030. At present the oil might sell at ~$45 a barrel w/o the uncertainties presented by the world's nutjobs.
"I have a brokerage account with equity, so I can short oil or oil related stocks anytime I feel like it. "
Since you advocated selling short and claim there's a glut, you should scan and post the sales slip.
Most of the countries with government owned oil companies are OPEC members. OPEC restricts production in order to keep prices high. Privately held oil companies do the same thing, though they do it less publicly.
Here's one example.
Alaska sues BP, Exxon Mobil over natural gas
State claims oil giants conspired to keep prices high
The Associated Press
Updated: 8:10 a.m. ET Dec. 20, 2005
JUNEAU, Alaska - An antitrust lawsuit filed against Exxon Mobil Corp. and BP PLC claims the two oil giants are restricting the nation's supply of natural gas and keeping prices at record highs.
The lawsuit, filed Monday in U.S. District Court in Fairbanks, says the two companies acted together to eliminate competition for the exploration, development and marketing of natural gas from Alaska's North Slope to U.S. markets.
"The only reason for them to collusively not to sell is to try to continue the scarcity that has driven natural gas prices to historic highs," said David Boies, the attorney for the Alaska Gasline Port Authority, which filed the lawsuit.
BP and Exxon Mobil are two of Alaska's biggest oil and gas leaseholders, and are the operators for the North Slope's largest oil and gas fields, Prudhoe Bay and Point Thomson. Alaska's North Slope is estimated to have at least 35 trillion cubic feet (1 trillion cubic meters) of natural gas reserves, which could supply 7 percent to 10 percent of the nation's natural gas, Boies said.
The January future contract for natural gas rose 41 cents Monday to settle at $14.04 per 1,000 cubic feet on the New York Mercantile Exchange. The gas contracts have reached record levels near $16 per 1,000 cubic feet in recent months.
"I don't think anybody can tell you exactly how much the prices would decline, but it's clear it would decline substantially," Boies said.
continued:
http://www.msnbc.msn.com/id/10543895/from/RSS/print/1/displaymode/1098/
PS: If you don't believe I have something as simple to have as an online brokerage account, or that I might be looking at some of the more overpriced oil stocks with a mind towards shorting them, that's up to you.
My account records (not sales slips) are best kept between me and my accountant.
I suppose I could post copies of trades, but how would you know they were mine, or that they were not faked?
It's easy enough to fake things with a cut and a paste.
In the final analysis, proving anything to you would be a futile task.
In my opinion the price of oil peaked on Friday.
Place your bets, if you dare.
Make that the price of oil peaked last week, not on Friday, which of course wasn't the high for the week.