$250/bbl oil?

The warning signs are in again that oil is climbing in price. A temporary lull in price casued by artificial price suppression (the speculators left oil alone for a while) and supply shifting to diesel demand in Europe is coming to an end. It will be within the next 8 months that we see $1.50c/ltr petrol in Australia again. Once it gets to $1.68 in current prices is when the trouble starts to set in and lifestyles have to change. It’s a scary time to be here looking at the cliff ahead which is peak oil.

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$250/bbl oil?

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