I wish I hadn't deleted my old blog. Google no longer has my January 1, 2008 predictions cached. No luck at the Wayback Machine either.
Some of the predictions were no-brainers (Obama vs McCain). IIRC, I said US markets would be down 20% for the year, but this would be considered good compared to other markets. I said the euro would slide and the dollar would gain. I also said oil would be at $50 by the end of the year. It may not make it to $50 by the end of December, but I think it will within a year and then drop even further.
The oil despots are desperately trying to keep prices propped up, but their attempts no longer work. The bubble psychology has been broken. The bombing of the Turkish pipeline last week was met with yawn. Two months ago if news broke that Russia and Georgia were at war, oil futures would have soared. Melonhead's mask has been removed, and what we see is a dinky little tyrant wannabe witnessing his power slip away. The evil dwarf rattles his sabers against Israel and The Great Satan, but the energy markets no longer care. The US is slipping into a recession (a mild one compared to other countries, in my opinion), with dropping demand taking away the last prop that keeps the oil despots in power. When China and India stop subsidizing gasoline, demand will drop even more. Putin, Chavez, Ahmadinejad, these assholes are all on borrowed time and they know it.
"Peak oil" is a fraud. There is no oil shortage. The only reason why "proven" reserves appear to be dropping is because most of the world's reserves are controlled by the oil despots who refuse to allow modern western drilling techniques and state-of-the-art measuring systems. You think it's coincidence that Mexican and Venezuelan oil output is declining when these oil companies are nationalized and run by corrupt cronies of the political leaders?