Peak oil: USD 500 a barrel
Albert K. Fung
Of oil production is amply demonstrated in the latest act of
the oil drama. But this has been predicted by a foremost ex-
pert on the peak-oil theory, Dr. Robert Hirsch. Who authored
a widely read report on the subject for the Atlantic Council
of the United States. He appeared on the US business channel
CNBC, to predict USD 500/barrel within the next few year. If
true, it is still a bargain compare to Starbucks coffee.
Which, is now fetching USD 990+ a barrel .... :)
Regards,
Albert K. Fung
Casa Tres Palmas, Santa Ynez, California, USA.
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It would be US$ 500 or even more if the US government would not do
anything to check inflation after the new president gets into
WhiteHouse...