Why is the price of oil so high?

The Journal-Constitution recently separately spoke with an expert in the workings of investments and another expert on the geology of fossil fuels…

Q: Have we reached peak oil? Are we close?

Fisher: The idea of peak oil


The resource base around the world is pretty substantial. And how much you are converting to supply depends on the investment made. We know oil is finite. We will peak on oil production one of these days. But that won’t be from physical factors. It will be because we are moving to say, a hydrogen economy.

Schweitzer: Non-OPEC supply has leveled off. There has been a decline in places