Peak Oil & Mainstream Attention Reveals A New Economic Pattern

Look out everybody. Suddenly, the mainstream media is talking about peak oil, as if they’ve been just as concerned all along. This spells trouble for the world economy as it is a significant change in behavior from the mainstream outlets.

It is absolutely true and we’ve been saying it for years – oil production has hit its peak in most of the world. In fact, it has hit its peak everywhere except for Iraq, Kuwait and the mother of all oil producers, Saudi Arabia. On top of that, production expenses continue to rise as it becomes more and more difficult to drill for oil. But even many of us who have been following these developments for years have been humbled by our reduced expectations of oil demand due to the economic collapse. It seems that $150 crude oil (OIL) can turn around and destroy the world economy, which in turn significantly drops its oil demand to a point where we can suddenly be looking at $30 crude oil.

Now that oil has recovered to over $70, the media has suddenly woken up again. And dare I say it, we may have created a monster.

This story has yet to capture the attention of the mainstream in America.

This story has scared us inquisitive thoughtful people for years.

But what happens when more Americans really know that, “it’s running out,” as Matt Damon’s character said in the Hollywood movie,

Syriana.

Market Rap