Oil price rising at over 100% pa

We noted in April’s BT notes that energy prices are likely to be the daunting news of May, and now look at the report from Goldman Sachs. They think oil prices will hit $200 a barrel within 6 months.

Here are the links showing that oil is approaching an all time high in real terms (average prices are even more worrying).

And you’ve probably already noticed a change in consumer behaviour. Peak oil is well and truly here.

Coincidentally, the World Bank reported that the value of the carbon trading market doubled in 2007.

Another giant is waking up to the urgency of biosphere preservation - IEA
We're running out of planet ...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.