prediction that works?
“as long as consumers don’t cotton on to the fact that the oil supply they depend on is in permanent decline and prudently decide to wean themselves off it, the crossover between supply and demand could trigger many lucrative years of high oil prices”
S. Shah, Crude: The Story of Oil, Allen and Unwin, Sydney (2005)
another quote from Richard Slaughter…
and today on the BBC:
“The Anglo-Dutch oil firm Royal Dutch Shell has reported annual profits of $27.56bn (£13.9bn), a record for a UK-listed company.
Much of the rise in profits has been attributed to rising oil prices, which currently stand at about $91 a barrel compared with $57 this time last year.
But there is concern among analysts that Shell has delayed publishing figures showing its oil reserves.”
Wonder where Shah invests any spare cash?
