We have another great presentation on the peak Oil subject, please notice the role of China and India in the coming future for the Energy Demand. We have passed the time for denial long time ago - next economic collapse due to the high price of Oil could be the last one.
"Ian Dunlop is Deputy Convener of the Australian Association for the Study of Peak Oil. Ian gave this talk at the 2011 Amplify Festival. The Amplify Festival is "an investment by AMP in its people, partners and customers. The programme is designed to engage heart and mind, logic and emotion, theory and practice, serious learning and fun."
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."
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