Most of us look at the newspapers and we are bombarded with the constant message

worst recession in the last 70 years. So why is oil at 60 dollars and not 20-30 dollars?

The concept is called peak oil which talks about the light crude easy to extract is problematic.

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters a declining phase.

Oil, IMO will cause globalization to be regionalized and more local manufacturing, agricultural production will be required across the world, specific manufacturing will return and it will become not feasible to buy most of our goods from China and the other asian countries.

We will have to learn quickly how to optimize and be more efficient since I think once we begin

the next economic recovery , oil will return in the 3 digit level and should break the previous record

of 150 dollars a barrel.

Any thoughts send me an email