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Reply #10: I would be the counterparty to that bet any day of the week. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-11-10 08:26 PM
Response to Reply #3
10. I would be the counterparty to that bet any day of the week.
Never in the history of commodities did prices decline after production peaked. Exactly when we hit peak oil is hard to say until we pass it but we are very close. Some people say it hit in 2007, some day it will hit in 2012.

Good thing you aren't a betting man you likely could lose your life savings with a stupid bet like that.
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