Sunday, June 15, 2008

Bloomberg: Peak Oil is a Rumor? EconomyBloomberg News provides this informative article about Saudi oil production. It could have an impact on oil speculators, if true. The writer uses the word "may", as in the Saudis "may" implement a significant production increase. It's kind of interestining inasmuch as I participated in a long and tedious internet argument about whether the high oil prices stemmed morefrom the weak dollar and commodities speculation as from "peak oil." This article diminishes the "peak oil" argument a bit. It's worth reading...thanks, Mayor Bloomberg. Click on the headline and you'll get there.

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