Do you believe in peak oil?
2007-01-15 17:53:26 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Not gas, the barrel of oil price.
2007-01-15 17:57:51 · update #1
I think It will be around 100 in 10 years with too much tension in Middle East but North Korea might wake up in 10 years those kind of conflict will take the opil price to heaven.
2007-01-15 18:06:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
1 year: $50 a barrel
5 years: 60
10 years: 40
No I do not believe in Peak oil. Yes, the easily extracted and easily refined oil is probably nearing peak production, however there is plenty of other oil out there that is less easily extracted and refined, to last hundreds of more years.
The tar sands in Canada can supply the world with over 100 years of oil. The US has great amounts of Shale oil. Both become viable when the price of oil goes high enough. Right now the tar sands are viable, and production is ramping up quickly.
2007-01-16 01:59:53 · answer #2 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
1 year: $3.89
5 years: $4.57
10 years: $8.04
2007-01-16 01:56:35 · answer #3 · answered by Anonymous · 0⤊ 1⤋