We do not have a lot of headlines on the IEA dire predictions about the $150 dollar Oil and Irreversible Climate Change these days, but it does not mean that smart people are not taking notice. Oil is above $100 again these days and Jim Puplava came out with another brilliant interview on the recent IEA revelations and Peak Oil situation. We are very pleased and surprised to hear that U.S. Military is at the forefront of Energy transition and will try to find out more on this progress. Maybe U.S. Military will be able to crack down on the Oil lobby in U.S. finally?
Jim Puplava Podcast:
IEA: World Energy Outlook 2011: Crude could reach $150 and warns of Irreversible Climate Change in Five Years
"We are just coming out of the "Europe's End of The World" scenario, all world economies are on the edge of recession, but Oil is moving closer to $100 again. We have a very sobering reminder from IEA about the real issues behind all recent events in the financial markets. There is NOT enough Oil for everybody left, Peak Oil is all about the price and transportation is driving this demand with half of the global oil demand coming from China only. By 2015 more cars will be manufactured outside of OECD. Oil prices can go up to $150 by 2015 in the real terms and $176 in the nominal terms. It will be the major risk for the global economy. Time is to check your Lithium portfolio."