tyneham

Where Have All the Peak Oil Believers Gone?

Crude oil is down more than 50% from its high of $147 a barrel...

But oil-gas station prices are not down by 50%? Moreover, there were no corresponding increases or decreases in supply-demand in 2007-2008!

The greedy oil price hikers, believers, analysts and cheerleaders were led by top ten global oil companies who continue to loot consumers, fuel inflation and the recessionary credit crunch. This is nothing less than ENRON on a global scale.