Summary
After the mid '70's, the economists demonstrated a significant conservation of oil and gas for a few brief years. Smaller more gas efficient cars, 55 mph speed limits, etc. After the few good or better years of gas prices, this country started back on the "old ways" by making SUV's, Hummers, increased speed limits, etc.
Analysis
The peak oil prices is imminent even at todays prices and the government and industries involved with these prices are all working to reverse this rise of prices. The actual peak price may not be as important as the length and rate of the decline in oil prices.
This author consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
