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Update on Peak Oil

 
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Lord Beria3



Joined: 25 Feb 2009
Posts: 4144
Location: Moscow Russia

PostPosted: Thu Apr 12, 2018 8:26 pm    Post subject: Update on Peak Oil Reply with quote

https://www.financialsense.com/perfect-energy-storm

The FS team do a great podcast on why peak oil never went away and the dynamics within the global oil market.

They cover the alleged "peak demand" story, the massive rise of US shale oil and the unreported fact that depletion rates are now 6%.

Summary: a major supply crunch is looming in 2/3 years (even if there is a recession next year which is considered likely).
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