Peak Oil is You
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Page added on April 2, 2005
Superspike report raises questions
Aljazeera.net
A widely reported briefing by US investment house Goldman Sachs alerted markets to the possibility of an oil price superspike – a spike as high as $105 per barrel.
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One question remains, however. Will producer nations and oil multinationals be willing to carry on investing in a collapsing market? Would they still be interested in spending heavily on exploration and development to create the reports’ desire, a supply cushion? One that would inevitably end up earning the same producers less profit? That is not a question this report could answer, or ask.
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