6
Jul

Oil soars past $146

   Posted by: admin   in Peak Oil

And this is just before July 4th – the date that was predicted by Goldman Sachs for oil to reach $150.  Not bad estimate.  Pretty close.  Now we have to give credit to these corporate boys and forget about what the good old peakers were saying for the last 3 years.  Not to mention that OPEC and Gazprom and God knows who all have joined in to predict higher and higher estimates for where oil will reach within a year.  But where were they all this while.  Anyway oil zips past $146.

This entry was posted on Sunday, July 6th, 2008 at 2:58 pm and is filed under Peak Oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 comments so far

karen
 1 

Enjoy reading your blog! Well, for us stateside, the verdict is that by end ’08, oil will be at ~$7 a gallon (it’s about $5 per now)

July 10th, 2008 at 4:04 pm
admin
 2 

Thanks Karen,
Not trying to be a ‘doomer’ or anything. Just sending a wake-up call about what I see clearly happening in the near future. Hope you have your plans ready for $7 per gallon 🙂
Regards
Mansoor.

July 10th, 2008 at 8:48 pm

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