“Cheap Oil is Gone, and That’s Good News”

Posted on January 22, 2010

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Now and then I search for footprints of our research on the web. I just discovered that our conclusions in the article “Peak of the oil age” in the journal Energy Policy have now found their way up to the financial market, which according to the article “Cheap Oil is Gone, and That’s Good News” sees our conclusions as opportunities for new profits.

“Kjell Aleklett, professor of physics at the Uppsala University in Sweden, and co-author of a new report “The Peak of the Oil Age”, states “oil production is more likely to be 75m barrels a day by 2030 than the “unrealistic” 105m used by the IEA.”

According to Professor Aleklett’s research, the IEA is making a dangerous and unjustified assumption – one that is dependent upon the oil industry’s ability to ramp up production to levels never before achieved.

Are you beginning to see the opportunity here?”


…….

“When you add in professor Aleklett’s conclusion that production will shrink to 75 million barrels per day by 2030 – almost one-third less than the IEA’s figure and 10 million barrels less than current production, it’s easy to see why investors need to take notice.

Shrinking supply and ever-growing global demand are creating an unparalleled investment opportunity. The current price of crude could be the bargain of the century.”

Posted in: Dagsaktuellt