Analysts and investment experts weigh in on the price of oil for the near term June 8, 2009.
I think that peak oil is a reality. It doesn’t mean that prices will necessarily go up in the immediate future because peak oil means that the reserves are beginning to decline, which I believe is correct. And eventually the world has less oil but the world becomes more oil efficient.
Click here to load this Bloomberg compilation in your default player
It Took 22 Years to Get to This Point
Speaking to author and podcaster Dana Parish, former Centers for Disease Control and Prevention...
The United States just made a decision that could lead to World War 3. The current ruling class...
Russia has just announced that conscription in the former Soviet Union is "unnecessary" as...
This article was originally published by Michael Snyder at The Economic Collapse Blog. This...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
Faber actually said (correctly) that “the world becomes MORE oil efficient,” not less efficient as you have quoted.
Thanks Patrick! I made that correction in the excerpt above. It was 2am and i must have been thinking “less oil dependent” as I was supposed to be typing “more oil efficient.”
Mac
Keep up the great work!