Peak
Oil's
Bumpy Plateau
Does Hubbert's Peak (aka, Peak Oil)
represent a smooth transition in pricing as fossil fuel production
passes the peak production point and goes into decline? In other words,
once peak production is passed will fuel prices start a steady
climb? The answer is not likely which will make consensus on when
peak is officially reached difficult to attain. More likely we will
experience a "bumpy plateau" where for several years prices fluctuate
up and down as the market attempts to respond to shortages with reduced
demand.
As the experts like to say, "We'll only recognize Peak Oil through the
rear
view mirror."
If you are interested in monitoring the price trends for both fossil
fuels, bookmark this page
oil and gas
prices.