Contributor Since 2009
Peak this, a phrase that really is a relic, there is no supply/demand deficit, oil just floating around for months on months. (Around 1 billion barrels today) All waiting for another spike in pricing hoping for the return to 2008. It is just not going to happen, the world is hanging on by the fingernails to what’s left of their economy.
I am afraid that the oil industry killed the Golden Goose in 2008, as with all huge spikes in pricing, what goes up must come down.