An amazing and thought provoking article on crude oil.
James Quinn hits the nail with his detailed article on why he feels that Crude is set to hit $200.
(The number , $200, does not mean anything to me. Whats more important is:
1. Human Shortsightedness of immediate gains vis-a-vis long term sustainability.
2. Lack of planning for alternate resource.
3.
A must read for all those who want to know anything and everything about oil and the fact that most probabily we have reached peak oil
http://financialsense.com/editorials/quinn/2009/0407.html
ps: peak oil refers to peak in production (extraction) of oil and not the peak in prices of oil.
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