Peak Oil is You
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Page added on January 19, 2016
The Coming Oil Rebound
How low can oil prices go? When pundits start competing to predict where the barrel will hit bottom, you know that a rebound is inevitable. It’s the inverse of what happens before a high-price bubble bursts. Only a few years ago forecasters were suggesting that oil might hit $300 a barrel.
The unpleasant reality is that petroleum prices are cyclical. Starting with the 1973-74 Arab oil embargo, they have been through six extremes. Because the peaks and the valleys both wreak financial havoc, producers and politicians…
One Comment on "The Coming Oil Rebound"
penury on Tue, 19th Jan 2016 4:16 pm
How very true. If something has happened one way in history, it must always do it that way. I think that is the mobius law of critical thinking