“supply crunch and $200 per barrel is not infeasible" Oil Update

We reached peak oil in 2008 and a peak demand in 2012 or 2013 will bring pain at the pumps and armies.http://www.pickensplan.com/act/

Business leaders predict 'global oil supply crunch and price spike' The Chief Executive Officer of insurance giants Lloyds is warning that the world is facing a "period of deep uncertainty" over the decline of fossil fuels – and may soon be coping with $200-a-barrel oil.

More on oil this week. Then I think I am done with it for awhile...

• New York Times story 'Imagining life without oil, and being ready.'
• Crude Oil Rises on Forecasts That U.S. Recovery Is Under Way
• Gulf spill may lead to higher oil
• BP oil spill may not be capped until Christmas, expert warns
• Obama Compares Gulf of Mexico Oil Spill to 9/11 after he ended longstanding federal ban on offshore drilling and said April 2, "that oil rigs today generally don't cause spills." That ill-timed policy shift.

As of today, the onslaught of political "after the fact' bashing and hypocriticism (yep I just made that up) from the media has really made me ill on this topic.

From now on if you want the latest and greatest on oil just hit the TOD

A massive FAIL is coming to the U.S. and Europe as we will be hit with a global oil bill as China thrives having cut major deals for the next decade with both ($10 a barrel) Russia and Africa.