It seems the peak oil argument has started to heat up over the last couple of weeks. With Media and political attention. It will take a while for the pressure to build, but if it starts to spread, we could see a panic bull run on oil.
All we need is some heavier decline rates early 2010 to firm up the squarker from the IEA and she'll be well on the way by mid next yr.
Nido ready at the gates.........
Only trouble is, a high oil price is oils own worst enemy. It'll launch us straight back into recession.
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