Quote:
Originally Posted by Paul
There is no doubt that globally things are changing but I see a gradual decline taking decades instead of an all out collapse, just can't happen as long as the Petrol dollar is the worlds reserve currency.
China would love to change that and they've been actively doing so aggressively since 07 - 08 but that's what the oil wars are all about.
Next up - Iran
It'll be interesting to see if Russia & China want to go against America
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yes, graudual declines are natural, everything has a timeline and is in constant motion.
the wrench in the guessing game is the fact that the u.s. will soon be the world's largest oil producer. i don't see the sun setting on that.