23.03.2012 - Crude oil prices and the 'peak oil' environment
Peak Oil can be defined at least 4 ways but one way is simple: Peak Oil is when supplies and stocks are tight enough, relative to demand, to make price slides short and price hikes long, until and unless the economy tilts into recession or by policy decision in response to a dysfunctional and parasitic bank, finance and insurance sector is either pushed or allowed to fall into recession. The most recent example of this was in 2007-2008 culminating in US Nymex oil prices at around $145 a barrel, with little or no difference between Brent and WTI prices...............................................Full Article: Source
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