Originally Posted by
Beagle
Peak oil is more than just a theory and demand is growing inexorably. Most experts I have listened too on CNBC believe the supply demand situation is tighter now that at any point in recent years. One major exogenous shock or geopolitical event is all it would take at this point to see oil rise dramatically. Long term I think there are legitimate concerns as to whether producers can produce enough to meet demand with oil at reasonably affordable prices. Time will tell.
Bookmarks