[Peakoil] Fwd: Oil price decline

[Keith Thomas]

I had this brief exchange with Jim Kunstler yesterday
--------------------------------------------
Keith Thomas
www.evfit.com
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Begin forwarded message:

> From: Kunstler at aol.com
> Date: 19 September 2006 11:02:58 PM GMT+10:00
> To: keith at evfit.com
> Subject: Re: Oil price decline
>
>
> In a message dated 9/18/2006 3:52:57 P.M. Eastern Standard Time, 
> keith at evfit.com writes:
>> speculators bought up so much oil that those storing
>> the stuff either ran out of tank space or racheted up their storage 
>> fee

>   Could be.  Must have been a lot of panic buying in June - August.
>    With net production worldwide down nearly 3 percent this year, I 
> think prices will go back up through the $70 (US) range.  Production 
> decline will probably be more marked next year, given depletion rates 
> in Mexico and North Sea.
>  
> Jim
> "It's All Good"
>
> TO MY READERS AND CORRESPONDENTS: I'm getting swamped with e-mails 
> again, and it is necessary for me to ask for your cooperation. I will 
> gladly answer urgent or compelling letters, but please don't overload 
> me with links, clippings, or plain old chitchat. I appreciate your 
> understanding.
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