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Replies to #72 on The Peak Oil Myth
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ThatHawaiiGuy

10/22/08 1:15 PM

#75 RE: shermann7 #72

Truely. Oil men in the White House and still the sheep don't get it.

Too late though. Too many figured out they they were being milked and no they are pissed.

Looks like the mice (sometimes referred to as we the people) are going to toss out the black cats and put in the white cats...
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bxb

10/27/08 9:46 PM

#117 RE: shermann7 #72

I think it rather drops due to post-seasonal correction, as it does every year. Sometime in December-January-February - it should rebound sharply (based on looking at the oil price data /trends from past years.) We will be near 100's soon IMO.
I don't believe that current financial turmoil will significantly reduce world's oil consumption in coming years to warrant keep oil prices from rising. If oil is indeed peaking.. just watch out. It might be a wild ride up from here. Just my uneducated guess.