By the time oil reserves run out I am sure our brilliant scientists will be able to synthesise crude from those polystyrene cups, supermarket plastic bags etc and at low cost too. Sound ridiculous? No more than the Peak Oil argument.
I have a better argument. We will have the Rapture WAY before the oil would run out, and Jesus will come back and take care of business. How does that sound for a logical argument? The funny thing is that idiots like you, first acknowledge the Peak Oil, then try to ridicule it. Contradicting yourself, at 5 am ? Get a coffee first...
It's only 9 pm or so here, and im going to agree with nononsense. $200 a barrell is'nt that far away, only one economic cycle worth and a bit of a geopolitical scare away. Time frame-approximately march 2009 by my calculations, due largely to the extenuation of the current economic cycle over true market factors.
i dont venture a guess on where oil could go given the geopolitical situation in the world and the possibility of a bad hurricane in the gulf of mexico.......but i do know one thing for sure...never pay attention to a jerkoff that wears a bow tie!!!
if only you had his money to backup your words,the money under his management, a wife less than half his age and his taste in bowties then people might listen to what you have to say. there is nothing wrong with predicting the price of oil under a given scenario. to call him a jerkoff says much about you.
i dont need to go to SE asia to find a wife half my age thank you. if you do your homework ...you might discover he's been right as many times as wrong.try blindfolding yourself and throwing darts at a dartboard to decide how to invest. your results will probably be similar.