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Oil prices
Perhaps the biggest issue, looking ahead, is whether oil supplies are about to peak. This would cause a gap between supply and demand and eliminate the absence of spare capacity to deal with supply side shocks, such as a hurricane in the Gulf of Mexico or war in Iran. It would result in significant oil price inflation. For those who think $65/barrel is expensive, consider that oil at this price costs just 10cents a cup. For those who think its fancible, consider that Oil has already peaked in the North Sea, the United States, Morocco and many other's. Therefore, inflation will become sensitive to supply side shocks to oil and bankers cannot rely on oil prices falling back in the medium to long term when deciding interest rates. For a succinct summary of the ideas that unite peak oiler's, see the following link: http://www.theoildrum.com/node/2693
Peak oil blogs: http://www.theoildrum.com The home of peak oil scientists and market analysts from the oil industry. http://www.peakoil.com News blog http://www.aspo.com The Association for the Study of Peak Oil and Gas
Broadcasts with Matt Symond's, chairman of Simmons & Co, one of the most respected Peak Oiler's.
Talking about a US Government Accountability Report about peak oil http://www.youtube.com/watch?v=4fo3sxhBylw
Matt Simmons (Bloomberg): Peak Oil Now, Oil Perhaps to $300 http://www.youtube.com/watch?v=4IwtAQzrfiw
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