->>> read the full article “Crude Oil Price Chart 1998 – 2009: Facing the inevitable – oil prices are bound to rise” on my new blog or download the oil price chart.
- Growing industrialization in BRIC (Brazil, Russia, India, China) nations has pushed energy demand to record levels. Future growth in emerging countries will continue to drive up global energy demand.
- The price mechanism doesn’t work for oil. High oil prices don’t necessarily curb demand.
- Peak Oil is ahead
- 95% of oil reserves are controlled by state-owned, inefficient oil companies
for further reading: