26.03.2012 - Oil prices in a '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 enduringly tight relative to demand, and price slides are short but price hikes are long - until and unless the economy tilts into steep recession. The most recent example of this was in 2005-2008 culminating in US Nymex oil prices at around $145 a barrel in July 2008, with little difference between Brent and WTI grades...............................................Full Article: Source

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