EXCLUSIVE CRUDE OIL REPORT
Yes, Crude Oil Prices can touch to New Highs and Beyond...
Yes, Crude Oil Prices can touch to New Highs and Beyond...
“ACCORDING TO ‘PICK OIL THEORY’ THE PRICES OF CRUDE OIL MAY TOUCH $300 PER BARREL”
BELL CURVE:
The production of crude oil normally follows the shape of a ‘bell-curve’ in which we can say it to be peak production when on the graph this curve comes in the centre top. At this level the production has been peaked i.e. this is the time and quantum of maximum production and from here on the production decreases. (see figure). Paring some exceptions this phenomena is true for a single oil well, a whole oil-field, a country and the whole wordl.
“Peak-Oil doesn’t mean we will become ‘oil-less’, but is surely means we become ‘cheap oil-less”.
The pick oil theory which was made by American Geologist King Herbert, is also known as Herbert Pick Theory. According to this theory’s conclusions, due to declining exploration and sharply decreasing production ; we may see tremendous blast and rocket pace rise in prices of fossil fuels, mainly crude oil. This Pick Oil theory works on the basis of principle based on long-term production and declining reserve rate of fossil energy sources such as coal, crude oil, natural gas etc.
We will try to evaluate this theory through various facts, figures, logics and arguments in this special ‘$300 CRUDE OIL SPECIAL REPORT’.
- There are many reasons behind the strengthening fears of decrease in the reserves/availability of traditional sources of energy such as fossil fuels (like crude oil etc.) such as,
o The technology relating to acquisition and analysis of geological information, is improving day by day.
