Posted by Davy on November 27th, 2007 in Investment Strategies, Market Commentary
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Bloomberg just ran an interview with a person from the IEA and the Council on Foreign Relations. The western energy organizations have been warning of supply constraints in recent months and the possibility of higher oil prices. This fellow was warning of $150/bbl very soon.

While this fits with my research, here’s the kicker: this guy from the IEA projects production to increase from 85 million barrels to 120 million barrels by 2010 and he’s still predicting $150 oil!

But what if production has already peaked and the world will never be able to sustainably produce 90 million barrels a day?

You do the math. Or better, stick with energy investments.