Throughout 2011, those who study and invest in oil predicted that oil would be tight in the second half of 2012 and take off in 2013. Of course there are a number of other possibilities but no good ones. We are producing more oil than before, mostly with deep water drilling and fracking with chemicals [more]
“According to the report [the International Energy Agency's World Outlook 2010], by 2035 three quarters of currently operating oil fields won’t be producing anymore. In fact, current fields are only expected to account for less than one fifth of that year’s production. “That leaves over 80 percent of the IEA’s 2035 production projection coming from [more]
(March 5, 2011) Investment expert Jim Rogers: “…the current situation is certainly causing oil to go higher and oil will go over $150 and it will go over $200 eventually. The problem is the world is running out of known supplies of oil–period. The IEA (International Energy Agency) is going around pleading with people to [more]
