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World Crisis scenarios for the 21st century – Peak Oil. (update 2)

Posted by Adrian on August 1, 2007

World Crisis scenarios for the 21st century- Peak Oil . (update 2)

Although the recent record high oil prices are not entirely connected to Peak Oil, nevertheless the current high Oil price high of $77.93 (updated oil prices) is a good indicator how far Oil prices can reach. Whether pushed up by Oil traders, or by fear of supply problems in Nigera and other Oil nations.

Could Oil reach 80+ in the next few months? With demand growing and Oil speculators pushing up prices we could see it go even higher.

“Prices have been rising for weeks after disruptions to Nigerian and North Sea output and concerns that demand will outstrip supply by the end of 2007.”


Oil Price close to record high – BBC news

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One Response to “World Crisis scenarios for the 21st century – Peak Oil. (update 2)”

  1. Lola Lyndon said

    Hello. Thank you for visiting THE DAILY TENTACLE. You may add us to your Roll. And I will read your blog with interest, also. Best wishes.

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