Phil Erlager, professor out of U of Calgary, says we are short term out of storage and, with use declining, there will be no place to store crude. We are out of storage space, apparently, and with seasonal price declines, the rate of price decline will accelerate. How many ships off-shore?? I don't know!
Top IEA Economist: Peak Oil by 2020 [View article]
The peak oil theory is suspect. The huge rise to $147 was due to build-up of reserves to unpredented levels as well as "all commodity" rise. Look for oil to be $20 per barrel before year end.
Save Money on Gas - Drive More Slowly [View article]
No one has to force or tell drivers to slow down. It's a naturally occurring process that has already begun! Market's do not need interference. They work on their own through evolution and the striving for survival and then improvement. A solution or solutions will evolve that have not yet even been conceived.
The Real Price of Crude Oil [View article]
How many ships off-shore??
I don't know!
Top IEA Economist: Peak Oil by 2020 [View article]
The Good, The Bad, And the Inaccurate Oil Forecasts [View article]
Save Money on Gas - Drive More Slowly [View article]
Market's do not need interference. They work on their own through evolution and the striving for survival and then improvement. A solution or solutions will evolve that have not yet even been conceived.