Monday, 23 June 2008

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!