Association for the Study of Peak Oil
The understanding of the implications of peak oil are not only vital to the commodity trader but to governments and businesses worldwide.
If peak oil will occur on a global basis within four years as some oil experts now believe the world doesn’t have much time to make adjustments in the way it consumes energy resources.
The occurrence of peak oil will drastically effect commodity prices. Since a deep depression may well occur industrial commodities like tin and copper would probably experience steep long lasting declines as world economic activity contracts.
Crude oil and energy related commodities, like natural gas, would probably soar as demand exceeds production. It may well take a very high price for crude oil , say on the order of $200 a barrel, to clear the market and to limit consumption.
A valuable resource to keep up with what’s happening in the energy world is the Association for the Study of Peak Oil and Gas website.
The next few years will likely tell the complete story about peak oil. We had best prepare for some unpleasant consequences starting now.
