30 Sep '11, 1pm

Drumbeat: September 30, 2011

With oil prices being volatile on the downside in recent weeks, the mainstream media coverage of high United States gasoline prices has faded noticeably. This is most certain to pick up again should the world shake off a global economic meltdown and once again face the prospect of oil prices in excess of the hundred dollar a barrel mark. As my regular readers well know, as a geoscientist, I am a firm believer in the concept of peak oil (or at the very least peak cheap oil) and it is my belief that consumers in Canada and the United States will eventually be forced to deal with gasoline prices that are far higher than what we are seeing today, excluding the impact of increases in excise taxes.

Full article: http://www.theoildrum.com/node/8446

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