Re: Is peak oil dead?
Posted: Fri 23 Sep 2016, 14:11:23
Not quite, I am not totally on the side of the Etp crowd who maintain that prices will stay permanently low. I believe in the more general notion that we will have wild swings in price as we have had already. However, I expect the abrupt swings to take place within a generally downward trending price regime as the demand is suppressed permanently because of progressively less energy entering the economic system. At the end of the road though we may have very high priced oil for only a few scattered exclusive buyers.