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<p>[QUOTE=&quot;Cloudsweeper99, post: 1246442, member: 3011&quot;]Not being a scientist or a mystic, I can&#039;t say whether or not the peak oil theory will prove true in the short run.&nbsp; If Saudi Arabia announces that their fields have peaked, we may be there because it is improbable that the shortfall could be made up from other sources.&nbsp; But the rate of increase in production seems to have slowed to a crawl, the quality of the oil is declining, and it is almost a sure bet that the amount produced will never double from today&#039;s level even as Asia grows demand.&nbsp; So the most likely outcome will be continually higher prices to keep supply in balance with demand, and that&#039;s a very important input to the investment decision.[/QUOTE]</p><p><br /></p>

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