Monday, February 20, 2006
Forecasting Oil: $57 , $59, ..., $100 maybe?
Apparently the same analysts who forecasted $57 oil in 2006 and $43 in 2010 just two months ago are quick to raise their forecasts: "Oil prices are likely to average about $59 a barrel this year, up from $56.70 last year, according to a Reuters poll of 32 analysts this week..."
I am wondering if the Peak Oil theory is actually correct and what we are seeing now is just the tip of the iceberg. Could problems in Nigeria and Iran be just convinient explanations for the oil price rise, but the real problems are much deeper and can't be solved by resolving Nigerian and Iranian troubles?
oil peak+oil hubbert+theory oil+forecast oil+futures
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6 comments:
If the price gets high enough, perhaps the oilmen who run the country can finally be pushed aside as we hunt for a way to be free of oil.
It's a shame that my fellow citizens decided 1974 never happened, but they did. Now, we will all pay for it.
It is high time to turn green, leaving the old oil power source behind.
Armand Rousso
http://biotechnology.armandrousso.biz
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Looking at this post with hindsight is scarey!!!
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