Prophets Of Doom: The Coming Oil Crisis

The world economy has gotten fairly comfortable with oil at $45 a barrel. But how will it react to paying $100 a barrel three years from now? Or $150 in five years?

That’s what the future holds according to Stephen Leeb, president of Leeb Capital Management and author of The Oil Factor (Warner Books 2004). The result, Leeb says, will be double digit inflation–if we’re lucky. If we’re not, it will be a severe depression. We asked Leeb to explain the gilding of black gold.

http://www.forbes.com/home/energy/2005/01/10/cx_da_0110doomoil.html