Tuesday, May 31, 2005

BostonHerald.com - Business: It's time to gas up your portfolio with some energy plays

Here's another "soft and quiet" mention of peak oil in an investment article. Where did they get the information that global oil production is to top out this year, then slide in 2006 I wonder?


"Oil is back up above $50 a barrel, and it's hard to see what's going to drive it south for long anytime soon.

China and India, in the words of Hub fund manager Jeremy Grantham, are ``trying to pull a South Korea with 2.2 billion people.''

The two countries' industrial revolutions are soaking up world oil supply just as that supply is about to peak.

Forecasters expect global oil production to finally top out this year, then begin a long, inevitable slide in 2006. We're about out of easy gushers. (Of course, here in the United States we're not exactly helping by driving around sport utility vehicles that get 15 feet to the gallon.) "

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