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The man who foresaw skyrocketing oil prices

Carlhole writes: In a world dominated by self-censorship, only the brave speak out. But in a world running on cheap energy, with all the consequences that it brings, only those who value their integrity above their wallet are worth listening to.

Back in April one man, Iranian oil and energy analyst and expert Ali Bakhtiari did just that. He stood up and made a prediction that could have seen him ridiculed. "By the end of the year we will see oil at $50 a barrel," he told an audience at the annual gathering of the Association for the Study of Peak Oil (ASPO) in Berlin.

aljazeera

Posted on Thursday, September 30 @ 13:02:10 PDT by aaron

Most read story about Consumption; Demand; Prices:
Forget About Cheap Oil

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Re: The man who foresaw skyrocketing oil prices (Score: 1)
by Aaron on Thursday, September 30 @ 13:06:31 PDT
(User Info | Send a Message) http://dlf.peakoil.com/4XSITE.html

""If there is no reason to worry, because there is plenty of oil and OPEC or Yukos or whoever can simply pump some more, then there would be no problems and no rises in price. The market would not be worried at all.""

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