RE: The International Energy Agency is preparing aThat article is a joke... anyone could see this happening 10 years ago. The fact is oil is a non-renewable resource, and has to run out, this is a fact of life. Demand is only going to increase, while supply decreases, and when there is only so much supply out there this will create the perfect storm. The thing that gets me is that oil will only conitnue to increase, and since oil is the fuel for everything, from mining gold, silver, running machinery, travelling in cars or airplanes, everything is bound to rise. When oil goes up costs go up, this will have a ripple effect through everything, thus increasing the price of everything. It is the theory of Peak everything, and there is an amazing oppurtuinty to prosper from it. This will be the largest economic boom ever seen to man, but there is a downside, most likely the largest economic bust of all time will follow, so make your money now.... so the tough times ahead are that much easier.
Firm believer in Peak Oil.