Archive for December 4th, 2008
World oil production is likely past its peak
Oil prices still trending lower, may sink below $50. But as is obvious, what we’re seeing is a blip, not a trend, even if it persists through 2009. An article by The Oil Drum’s Gail the Actuary is a must-read. No subsector within the energy industry is doing well at the moment. Here’s the takeaway [...]
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