Peak Oil

Way back in 2006, I was interviewed for a syndicated business TV show. I was asked what I thought the $50/price per barrel of West Texas Crude might climb to in 2008. I suggested that oil would reach $125/barrel. The Goldman Sachs guy they had recruited said that it would be around $60/barrel.

In 2008 the price of a barrel of oil peaked at $147.

For the n…