Peak Oil reaches Investors

The optimum price for Saudi Arabian oil is US$25 per barrel. Currently it is at US$40 per barrel. This is 60% above the price at which alternative energy sources and alternative oil extraction methods become cost productive. The only oil left to find is underwater. In fact, the planet’s proven untapped deepwater oil reserves could more than triple in the next 20 years. According to experts, proven deepwater reserves could jump from the current 50 billion barrels to 114 billion barrels.”

Investors.com