JUNO Oil Outlook – Feb 2007

The first full year of Peak Oil, that is structural undersupply simultaneously affecting markets in different world locations, is at minimum possible, and increasingly probable for June 2007-June 2008.

This may be an on-again/off-again phenomenon, but will surely add more power to oil price volatility. Volatility, and downside risk for the near-term oil price is due to many factors, notably the following/