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Gold/Mining/Energy : Peak Oil - Not If but When -- Ignore unavailable to you. Want to Upgrade?

To: veritas501 who wrote (65)	12/25/2010 2:17:46 AM
From: Drygulch Dan	Read Replies (1) \| Respond to of 129

I'm still missing something. Shouldn't running out of oil on a global scale imply that companies rich in that resource should now profit from it more so than before ? At least until they too run out of supply ? Its my impression that US inflation led while oil cost lagged for the last 50 years or so. Perhaps with this recognition of a Peak, oil costs should catch up finally as supply lasts. That would be good for the oil stock owner while his company's supply lasts. And since Peak implies some sort of symmetrical spread of supply around a middle timing point, then we could look forward to another 75 years of rapidly increasing cost of the basic product. Or is that just an aside to your thinking ?