Peak Oil? How will we know when we do reach that
magic point?Oil could hit $150 a barrel soon if investment in the Middle East and North Africa fails to rise with demand, the International Energy Agency (IEA) says.
Prices have remained high throughout 2011, partly due to Libyan unrest.
"We are in the danger zone for the global economy at current levels," said IEA economist Fatih Birol.
My personal guess is that if oil can't be held below $100 USD for NYMEX Crude; we are well into peak oil. Natural Gas ... here we come.