|
| |
| Peak Oil Forecasters Win Converts on Wall Street to $200 Crude |
|
 That's not the prophecy of some apocalyptic cult. Kadijk, a hedge fund adviser, had flown from Amsterdam to attend a conference on a geologic theory known as peak oil.
Proponents of this controversial idea say global oil production is now at or near its zenith. Once the flow crests and starts to decline -- and some geologists say it already has -- oil will no longer be able to slake the world's growing thirst for energy. The result will be the oil shock to end all oil shocks. The price of a barrel of crude will spiral to $200 -- and keep rising. To the peaksters, today's energy crunch is nothing next to the pain that will follow.
bloomberg
|
|
Posted on Thursday, August 31 @ 22:52:52 PDT by Waegari |
|
|
|
|
| |
|
| "Login" | Login/Create an Account | 0 comments |
|
| | The comments are owned by the poster. We aren't responsible for their content. |
|
|
|
|
|
| No Comments Allowed for Anonymous, please register |
|
|
|
|
|
News
Discussions
Resources
Members
