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DaveinHackensack » Comments » APC
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In Light of Peak Oil, Financial Diversification Is a Bad Idea [View article]
You're right that the supply is low due mainly to political factors. You're also right that the world has plenty of oil. I agree with both of those premises of yours and I'm still bullish on oil, at least for the next 5-7 years. Why? Because it will probably take at least that long for supply increases to catch up with demand. A lot of these projects take years to get the oil flowing, and everyone won't be trading their car for a hybrid overnight.