05-06-2008, 01:57 PM
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#17 (permalink)
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 Purple Belt
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Quote:
Originally Posted by Darwinist
It's crazy that just a year and a half ago I was arguing with posters on this very forum, some that trade on the market, trying to convince them that oil would never go back down to $20 a barrel from a then-high of $40, and almost nobody believed me. It was only temporary you see...
And it's doubly strange that there are still people around who say Peak Oil isn't real, when the events of the last 2-5 years have unfolded pretty much exactly according to the peak oil model. Lots of volatility in the market with large up and down swings, no supply expansion from OPEC, and a price that in the long term only keeps on rising.
We will hit $200 soon, perhaps within a year and a half, and its not going to stop anytime soon.
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Strengthen the USD ftw. __________________
The Tao of Shit Happens.
"The Tyrant was clothed in gold, and the future smelled of blood. It meant nothing" - Steven Erikson "Afflicts me with awe...."
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