Interview with Financial Sense 1-13-11
I appeared on the Financial Sense program with Jim Pupalava today, to discuss my “narrow ledge” outlook for oil prices in 2011; my vision for the next five years; the global balance of the oil market between the OECD and Asia; and my new thesis that we have entered what I am calling The Great Contraction. We also discussed the current perspective of OPEC; the projections of the IEA and EIA; the outlook for future oil supply; the final report from the federal oil spill commission; and the inevitable call for clamping down on oil speculators (which the CFTC did today – that didn’t take long!).
You can download the show (19 minutes) here:
http://www.financialsensenewshour.com/broadcast/fsn2011-0113-1.mp3
See also this article, in which I explained some of these ideas in more detail:
Chris,
You’re getting more articulate and smooth the more you do this.
Gotta find a bigger audience as this is far too crucial to leave to economists and politicians.
Comment by Ron Shook — January 14, 2011 @ 12:58 am
This subject can be expanded and be made more interesting if projected impacts can be foreseen. For instance impact on prices of chemical industry, agriculture, utilities industry,transportation[previously discussed relative to global trade]and others. In this way interest of policymakers representing constituencies might wake up before its too late
Comment by gene milosh — February 13, 2011 @ 12:30 pm