Oil to hit $200 a barrel

[TequilaGirl]

Another main stream media article about peak oil and its impacts are coming. Basically, two years ago oil was predicted to hit $200 a barrel. The global recession killed it, but the prediction wasn't wrong just early. It then goes into a synopsis of the Peak Oil problem, with demand outpacing supply. Very good article. 

http://articles.moneycentral.msn.com/Investing/JubaksJournal/will-oil-hit-200-dollars-after-all.aspx

[ReddDogg]

I have always liked Jim Jubak, even if he is rather wrapped up in the matrix, his view always has a slant of reality that many financial types just don't have.

This is a good article, and the thing I noticed was how he said the claim of $200 a barrel was just early, not wrong.

[metaforge]

It was okay in the beginning, but by the third page he was all in green shoots & rally mode.  Kind of frustrating to see a guy who almost gets it, yet ends up being a regular market pumping Crameresque douchebag.

[joewp]

It was okay in the beginning, but by the third page he was all in green shoots & rally mode.  Kind of frustrating to see a guy who almost gets it, yet ends up being a regular market pumping Crameresque douchebag.

He has to do that, otherwise he wouldn't get published by Money Central. After all, we know that the media isn't required to tell us the truth about anything.