Anti-Neocons

Outside of memorial weekend around the corner.. Y has it jumped over over 20cents in the last 2 weeks.

First i saw 2.05. I was like that's straight.. Now I'm seeing 2.20+

unbelievable.

Well I've been of the opinion for a few years now that peak oil MIGHT be true. A few things are not disputable. The industries own statistics show that discoveries have been trending down for at least 2 decades and the last super oil field was discovered about 15 years ago. Production has plateaued. Most of the worlds big oil field are in decline and many are in sharp decline and what's more history shows that most oil fields follow a predictable pattern as they age. Some argue that a lot of this has to do with the hampering of the free market by environmentalists but that is not the case in Asia or Africa or South America. If my pet theory is right, and I'm not saying it is, the worldwide recession gave oil production some leeway but now that peak oil is getting worse not even that can keep prices down. Of course some or a lot of the price rises in the future will be because of inflation, but if oil prices rise much more than other prices then obviously it is peak oil.

Time will tell but all I know is nobody who is saying there is not such thing as peak oil give good reasons why not, because they don't address steadily declining discoveries or most of the worlds largest oilfields being in decline.

Well it's gone up every summer as long as I can remember. I read in my local paper that it should peak out at around 2.30. Much better than last summer!

Because Summer is coming and they know they can spike it before all that travel on Memorial Day and make more money.

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The worth of the US dollar is sinking again so it takes more money to buy gas. Even worse, the price of petroleum is going up. I'm paying about $2.55 a gallon for regular.

If the price of oil keeps on rising so will the price of gold. Gold will be the best investment in the next 5-10 years.