Peak oil! Oil reserves running out?

[italkcash]

A big tabu in the financial world is the socalled peak oil subject. Something so crucial to make the world go around that governments and institutions such as the International Energy Agency (IEA) are not keen to discuss the subject openly to the world press.

The biggest questions remains, do we have enough oil to keep the world running with a growing demand for at least 50 more years until we hopefully have an energy alternative?

The alternative of starting a debate on the subject could mean havoc on the financial markets and speculation in the oil prices that could push a barrel well beyond 1000$.

Clearly the demand for oil is growing as more and more countries including India and China have an even higher demand. The western worlds consumption is also on the rise as population is growing all around the world, and the subject of peak oil could be a matter of debate much earlier than what some people would like it to be.

Whatever happens remains to be seen, but as said in earlier news from Italkcash, commodities, are on the rise, metals as wells as consumeables.

[Money_maker]

We all have to make some OIL alternate solution and must be make one platform. where we all should discuss on it.

[Molly72]

Originally Posted by italkcash

A big tabu in the financial world is the socalled peak oil subject. Something so crucial to make the world go around that governments and institutions such as the International Energy Agency (IEA) are not keen to discuss the subject openly to the world press.

The biggest questions remains, do we have enough oil to keep the world running with a growing demand for at least 50 more years until we hopefully have an energy alternative?

The alternative of starting a debate on the subject could mean havoc on the financial markets and speculation in the oil prices that could push a barrel well beyond 1000$.

Clearly the demand for oil is growing as more and more countries including India and China have an even higher demand. The western worlds consumption is also on the rise as population is growing all around the world, and the subject of peak oil could be a matter of debate much earlier than what some people would like it to be.

Whatever happens remains to be seen, but as said in earlier news from Italkcash, commodities, are on the rise, metals as wells as consumeables.

Experts have been talking about peak oil for decades. Every time oil spikes they say we have hit or passed the peak...... then they find more. This pattern has been going on for a while. We should swtich off of oil for many reasons but running out of it is not one of them.