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FTBagain

Interesting Site On Peak Oil

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It seems the markets are pricing in a future of tight oil supplies. Or to put it another way the markets are starting to take the idea of Peak Oil seriously.

Check out this site and thread:

http://www.theoildrum.com/story/2006/3/23/31547/4509#more

The prices for delivery of crude oil five years in the future were very stable at around $20 per barrel for most of the history of the NYMEX contract prior to 2003 (I wish I knew how to post a spreadsheet chart that I created that shows this). Since that time, the five-year forward price has gone up fairly steadily to its current level of around $65 per barrel. The market concensus regarding the long-run balance betweeen supply and demand is changing substantially. There is the big story.

This could help to explain why the central banks are all starting to tighten...

Edited by FTBagain

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  • 335 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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