[KevO]

'Leggett' is such an appropriate name don't you think?
When we were doing naughty things as teenagers and someone was coming, we'd shout 'leg it' meaning run a way!
anyway

$this->bbcode_second_pass_quote('', 'D')r Jeremy Leggett this week in an Academy Times lecture in Dublin boldly entitled Half Gone: Peak Oil meets Climate Change. A former oil industry consultant and Greenpeace campaigner, he said the combination of the two "is going to hit society with a big, seismic shock . . . I hope I am wrong, but I don't believe we can avoid the third great oil crisis. We will be mobilising as though for war"

[Bas]

As we now consume about 1 million barrels more per day then is produced and the whole world is eating into it's stockpiles without demand destruction in sight (gas prices are trailing the oil price, and demand reduction trails the price of gas), I believe this "seismic shock" will hit us sooner than later, possibly around new year's or even before that; you can only eat into your stockpiles so much before we are forced to either actually fully replace what we use or reduce consumption.

Considering this I think it's possible oil will spike to 150-200 dollars within a 3 to 6 month period from now.

[KevO]

$this->bbcode_second_pass_quote('Bas', '
')Considering this I think it's possible oil will spike to 150-200 dollars within a 3 to 6 month period from now.

[Bas]

$this->bbcode_second_pass_quote('KevO', '')$this->bbcode_second_pass_quote('Bas', '
')Considering this I think it's possible oil will spike to 150-200 dollars within a 3 to 6 month period from now.

[kjmclark]

$this->bbcode_second_pass_quote('Bas', 'W')ell, Matt Simmons has been off on occasion (like with his prediction that we should have seen shortages this summer);