How will the Dubai crisis affect oil prices? By MERLIN LAFLEUR, 2009/12/04

Of course, the oil prices fell immediately. On November 27, the January contract for benchmark US light sweet crude slid to $76.05/bbl, a decline of 1.91.

International Energy Agency: Capitulation to Peak Oil? By MERLIN LAFLEUR, 2009/11/28

According to an IEA official, "One day we will run out of oil. It will not be today or tomorrow, but one day we will run out of oil and we have to leave oil before oil leaves us, and we have to prepare ourselves for that day," he said.

Did High Oil Prices cause the Financial Crash? By GIUSEPPE MARCONI, 2009/11/18

It was in fact high oil prices which caused the financial crisis we have experienced in the past two years.

Did Buffett buy Railways because of Peak Oil? By STEVE AUSTIN, 2009/11/12

Why would anyone with the cumulative intelligence of Buffett and his advisers buy a major stake in the decrepit US railroad system? Warren's move to buy this railroad is motivated by the following calculated bets:
His awareness of the imminent oil crisis and his long term vision of what life will be like with oil shortages. Oil is on a roller-coaster ride. Demand is soaring, particularly from energy hungry economies like India and China. But production is decreasing with Peak oil, point where the maximum rate of oil extraction is reached, predicted in 2010 by the ASPO (Association for the Study of Peak Oil and Gas). If not 2010, as previously reported in Oil-Price.net many analysts believe that the oil peak would most certainly be achieved by 2020. This will cause serious adjustments in nations around the world and the US in particular.