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Nice post WayneL.One thing to remember with the dramatic recovery of markets from the 1981 peak in oil prices is that there was a comparativley huge buffer of undiscovered or un-tapped oil reserves around the planet.However, we are now moving into an era when most of the world's oil fields have gone past their peak output - and oil prices keep rising. I'm not sure the planet has enough oil left in the tank to easily buffer or recover from this or any future big price spikes.My 2c worth!
Nice post WayneL.
One thing to remember with the dramatic recovery of markets from the 1981 peak in oil prices is that there was a comparativley huge buffer of undiscovered or un-tapped oil reserves around the planet.
However, we are now moving into an era when most of the world's oil fields have gone past their peak output - and oil prices keep rising. I'm not sure the planet has enough oil left in the tank to easily buffer or recover from this or any future big price spikes.
My 2c worth!
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