Peak Oil Passnotes: The Bears Are Back in Town

As we enter 2008, there has rarely been a time when the prospects for the oil price could be so apparently volatile. Just take some of the figures we have at our disposal today as reminders.

One year ago the Nymex price for a barrel of crude fell just a shade under $50 intra day. By the end of the year it was hitting $99 per barrel, doubling in value inside 12 months.


Even more underwhelming for economic progress is the far end of the futures curve