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EnvestorFirst (42.84)

Peak Oil Disappearance?

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February 21, 2012 – Comments (2) | RELATED TICKERS: KOG , BNO , USO

Peak oil has been the topic of discussion for a long time. We have been very hopeful about peak oil, but as always there are two sides of the story. We want you to be able to draw your own conclusions about peak oil, so here is an opposing viewpoint. Travis Hoium explains why peak oil will never happen.

"The oil scare that never goes away
We’ve been hearing about peak oil for years, and even some of the brightest minds in energy think the theory has some validity. But, like any other apocalypse, it never quite seems to unfold as the predictions assert. There are just too many factors that peak oil prognosticators can’t account for in their bold predictions, so they always get them wrong."

 

Find additional oil price research:

http://turnkeyoil.com/2012/02/21/peak-oil-disappearance/ 

 

2 Comments – Post Your Own

#1) On February 21, 2012 at 10:15 PM, baselineace (78.63) wrote:

The only peak oil that's near is peak oil DEMAND.

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#2) On February 26, 2012 at 9:10 AM, EnvestorFirst (42.84) wrote:

You nailed it!

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