Marc Faber and others weigh in on the price of oil for the near term June 8, 2009

by Mac Slavo | Jun 8, 2009 | Marc Faber | 3 comments

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Analysts and investment experts weigh in on the price of oil for the near term June 8, 2009.

I think that peak oil is a reality. It doesn’t mean that prices will necessarily go up in the immediate future because peak oil means that the reserves are beginning to decline, which I believe is correct. And eventually the world has less oil but the world becomes more oil efficient.

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