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Peak Oil is Still Here
Many people have asked me if the current exponential deflation in the price of oil is proof that Peak Oil is a sham. I say no. I believe that the current financial instability and war tensions in the Middle East are direct results of oil's demise.
So why the sharp decrease?
This is do more to the unraveling of the global economy. The price of oil must reflect this. That being said, as the West realizes how little oil the Saudi oil fields really have, the price of oil will undoubtedly shoot back up to record levels.
Don't worry folks Peak Oil is real and still around, so you better prepare.
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