Why are we going to experience a geometric explosion (price doubling and redoubling) in oil prices?
1. Peak oil and declining production around the world. Plus you need to factor in oil producing countries’ local consumption. Rising local consumption in oil producing countries means they will stop exporting oil long before they run out.
a. You see [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
The Future of Oil Prices is a Geometric Explosion: $200, $400, $800 …
Posted by Matt in May 20th, 2008 | no comment
Published in Oil, Cheap Oil, Coal Gasification, Distant Future, Explosion, Export Obligations, Exporting Oil, Geometric Progression, Goldman Sachs, John Mauldin, National Oil Company, North Sea, Oil Export, Oil Prices, Oil Producing Countries, peak oil, Pemex, Pemex Mexico, Pessimists, Rest Of The World, South Africa, South Africans
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