Breakable wrote: Some interesting points here:
http://marketveda101.blogspot.com/2008/06/what-mr-crude-oil-sees-ahead.html
Basically oil producers do not want the production to catch up with consumption. As a result we have artificial peak oil.
I saw the observation elsewhere that after the ’81 oil price spike it took 5 years for new supplies to come on line.
I almost pity the oil explorer/driller/developer companies; just as their multi-billion dollar investments are coming on line, FF will render them virtually worthless. So sad! :down: :ohh:
