Peak Oil - Not If but When Message Board

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Gold/Mining/Energy : Peak Oil - Not If but When

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From: veritas501	1/16/2011 10:23:11 AM
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Interesting comment today by Iran's oil minister on $100/bbl oil: "The price of $100 for oil per barrel is real* ... OPEC does not need to hold an emergency meeting over the price issue," Massoud Mirkazemi told a news conference.* reuters.com ------------------------------ I interpret his use of the word "real" to mean OPEC has no meaningful spare capacity.

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