A Sober Warning
If you are too busy to watch (running time 6:30), here's a capsule summary:
- We have been on an oil production plateau since 2004
- All oil and derivatives likely to start declining in production in a few years
- Oil could hit $300-$500 in 3-5 years in the worst case scenario
- We need 20 years time to prepare, we don't have enough time to prepare
- Oil price may dip down for a while (as price volatility increases), but the price is headed up, up and up
- Good luck and good night!