Trader Chat: Chris Nelder Pt. 1 - How Accessible is the Oil that's Left?

[johnTconover]

Excellent analysis. He hits all the important factors. Too much emphasise is placed on the actual timing of the peak. The reality is that increasing demand from non OECD has already hit the supply wall and the current crude price reflects that. Our credit driven infinite growth economic model is on life support and anyone who believes it can be revived is delusional. No ammount of oil efficiency can change that. Any efficiency gains will be eaten up elsewhere. Too little to late. 5 stars;-)