Many Thanks Chris
Jeff
Looks like you’ve helped raise awareness Chris…
http://www.guardian.co.uk/business/2010/mar/21/peak-oil-summit
The projections in the article of $100 or $150 a barrel sort of miss the point I think… $100 a barrel in a severe deflationary (strong $) environment will limit usage more than $150 in a loose (weakening $) bubble/QE environment…
and currency strength will be almost as critical as whether a nation is a net energy importer or exporter.
If sterling goes down the pan, then even $60 oil will feel expensive in the UK now we’re an oil importer.
Update on the UK gov peak oil meeting…