European Tribune - Comments - The markets and the business press are waking up to peak oil

The markets and the business press are waking up to peak oil | 63 comments (62 topical, 1 editorial, 0 hidden)

Long term futures, like all other futures are bets and have no relationship to the physical market price other than peoples' expectations of it.

Which is rather my point. Just about every major corporation is now going to be drawing 5-year projections with oil above $125. That changes a lot both at the micro and the macro levels.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Thu May 22nd, 2008 at 10:56:13 AM EST
[ Parent ]

Re: Price Bubble? (none / 0)

Oil futures have no liquidity beyond 6 months and have even less predictive power than the up to 6 month futures.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Thu May 22nd, 2008 at 12:26:27 PM EST
[ Parent ]

The markets and the business press are waking up to peak oil | 63 comments (62 topical, 1 editorial, 0 hidden)

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