cjwirth

Is Crude Oil a 'Bubble' Ready to Burst?

Increasing oil prices are driven by high demand, increasing at 1.8% annually, and flat production since 2005. Studies indicate that oil production will begin to decline starting now and that the decline will accelerate in January 2009. As soon as production dips just a little, oil prices will soar. There is no bubble, just increasing demand and shrinking supply. I have written a free up-to-date report on the Peak Oil energy crisis here: www.peakoilassociates....