This article is kind of interesting, it does not bother to explain 'peak oil' just mentions it as a factor increasing the price per barrel.
I haven't seen a financial article that assumed knowledge of the concept before.
Quote:
Given all that, "$100 oil is not that far off" -- in 2 to 30 months without a major terrorist act, and 6 to 12 months with a major terrorist attack, said Kerr, who also edits Global Resources Trader, a service of MarketWatch.
"The bottom line is, the light, sweet, easy-to-get/easy-to-refine oil is much harder to lay your hands on nowadays," he said, and that lack of light, sweet crude to refine "will most certainly drive prices higher overall."
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