I'm not all that fond of charts, especially ones that cover such a short time frame. However, based on the importance of the item being charted, I thought I would just throw it out. I don't think we'll know if we've hit Peak Oil until 2 or 3 years after the fact - when it beomes obvious that the direction on the chart is not temporary - so call it next year or the year after before we know for sure, at the earliest.
On the other hand, if oil goes above $90/bbl and stays there (and it will soon enough, if only because of the dying dollar), I expect that many of the economic effects will be the same as one can expect from Peak Oil, whether oil has actually peaked or not.
View Bill Hoyt's profile
Posts
No comments:
Post a Comment