Talking about $90 Oil In a Weak Economy Is Telling Us Something – Deustche Bank Sees Oil Spikes by 2012 – — GuruF

 

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$90 Oil In a Weak Economy Is Telling Us Something – Deustche Bank Sees Oil Spikes by 2012 – — GuruF
I’m sure you noticed that oil crossed $90 this week. I’m sure you have also noticed that the economy in the United States and Europe is not exactly booming. I wish I could time travel back to the year 2000 so that I could tell people that 10 years later oil would be $90 per barrel in a weak economy. I would have sounded about as sensible as someone predicting the Dow Jones at 500 or 50,000. The funny thing is that there were people warning that the world oil market was about to change. One gentleman in particular named Colin Campbell was especially prescient. Here is a link to a presentation that he gave in 2000 with oil in the $20’s and no obvious signs for the mainstream media of the shift that was about to occur: http://www.mnforsustain.org/oil_campbell_c_peak_oil_presentation.htm

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