2008-01-21

More than one peak oil

"I never think of the future - it comes soon enough" (A. Einstein) 

Easy oil is declining, true. But in the way we can demand more than we produce, more expensive it will be and more oil and gas we will find in new territories. Too much factors involved to decide when the last peak is the maximum.

Starting with 87 mbd and losing 4,5% each year, by 2020 we will have only 50 mbd. But 12 years to reduce in a 40% the oil dependence are not enough. More oilfields not so easy to drill would be needed, pushing prices and production. 

Being important the number of barrels and the pick date, the second concern should be the next energy  mix to supply. How far will it be from the imminent collapse and how will we survive without oil.

On the other side, the present recession is a golden opportunity to invest in financial markets following the timing of the predictable oil disruption.

In this blog we will share advise for succesful energy navigators and our winner peaks forecast to claim the market reward.

The best is coming. Keep in touch!




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