[BNM] [OT] Money Programme "Oil War"
Fri Mar 28 10:01:30 2003
I didn't see this programme, but the archive here -
<http://makeashorterlink.com/?R25246FF3> makes interesting reading.
Oil discovery rates have been falling since the 60's, and demand will
soon outstrip supply. It's not about owning the oil fields as much as
is is about ensuring a continued supply of the stuff.
Campbell thinks the decline will start by 2010. "It starts with a
price shock due to control of the market by a few countries, and
it is followed by the onset of physical shortage, which just gets
worse and worse and worse," he says.
Alex Farran <http://www.alexfarran.com>
Analyst / Programmer