Future Forecasts - The Price of Oil and Peak Oil
Regular readers know that I have long predicted the current price of oil and that we are now moving through Peak Oil These subjects were included in my “Forecast for 2008”
To quote from that January 9, 2008 column:
“In 2008, gas will, for a period of time reach $4 on the national level. A year ago I predicted that oil would rise above $80. Three months ago I predicted that the price would rise to $100 and that the trading range for oil will be $80 – 125 a barrel for the next year…but there could be several situations that could drive the price above $125.”
Well sure I was…