Marcus Aurelius

How Does the Financial Crisis Affect the Peak Oil Thesis?

Dabu, good analysis. Over the last four months or so I felt oil was in its normal routine of rising over the summer and it would pull back, the only surprise was it held its peak longer than what I expected. In years past I would see the peak hit in late May early June and subside from there (absent any system shocks). No doubt about it, oil is headed upward but between Point Now and Point Years from now there are bound to be ups and downs in between. Friends were expecting $5.00 gas this last summer and I told them it wasn't happening this summer, but I believe gas will make a serious run for $5.00/gallon next summer.