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[QUOTE]Originally posted by QuestSolver: [QB] http://wallstreetwindow.com/peak.htm[/quote] WOW!!! this from that article! [b]"Oil is far too cheap at the moment,"[/b] says Mr Simmons. "The figure I'd use is around[b] $182 a barrel. [/b]We need to price oil realistically to control its demand. That is because global production is peaking." "If we price oil correctly," Mr Simmons says, "it could give us time to fin bridge fuels, fuels to fill the gap between an oil economy and a renewable economy. But I don't see that happening." The adherents of the peak oil theory warn the decline of world oil output will force oil prices higher for good, and that the knock on effects could be catastrophic. "In my opinion, unfortunately, there will be no linear change," says Iran's Ali Bakhtiari. "There will only be sudden explosive change." Swanson doesn't agree with such dire scenarios, but believes that higher oil prices are in the cards for the next few years. "Oil investments have been a profitable component for any portfolio and I believe that soon people are going to see them as a must," he says. [/QB][/QUOTE]
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