Peak Oil Watch

“Peak Oil” is the highest point on the oil production curve. After we reach “Peak Oil” (and we may have already reached it) it is a downward slope of oil production until we completely run out of oil. The world needs an alternative supply of energy, very soon, or we will face a downward spiral of economic troubles caused by an increasingly lower supply of oil until we reach worldwide economic collapse.

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2008-05-31 3:20

Paul Van Eeden about monetary policy of the FED on CNBC

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CNBC invited Paul Van Eeden to defend his argument that oil is trading above US$130 a barrel because of the Fed’s monetary policy. Van Eeden argues that in adjusted terms the price of oil has gone from $3 a barrel to $13. …

More: continued here

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