Are we witnessing the economic reality of Hubbert’s peak unfolding before our very eyes? CNBC reports that crude prices hit an intraday record of $135.09 today, before settling down to a close just above $131. This is fresh off the heels of George W. Bush’s visit to Saudi Arabia requesting that they provide additional supplies [...]
Oil prices continue to surge
May 22nd, 2008 · No Comments
Tags: · crude, george w. bush, hubbert’s peak, oil, saudi arabia, surplus