[quote=CA renter][quote=FlyerInHi]Are the people who planned for peak oil bankrupt yet?[/quote]
(Not so) funny story…I knew a person who was a long-time commodities trader on Wall Street. He was convinced that Peak Oil was here, and he had spent a few years buying futures and rolling them forward from month to month, losing lots of money almost every single month. Highly leveraged, large positions, too. He was buying *hard* at the post-crisis top. Yes, he’s flat broke today. Pretty sad, actually.[/quote]
I wonder how many other investment experts acted similarly. The futures coming due in excess to the actual demand for oil will depress the price of oil.
