Reply #8: Peak Oil is real, the price per barrel is not....

[Baby Snooks]

If you read the recent statement by King Abdullah very carefully, the reality of peak oil is very clear. At some point, he avoided saying when, Saudi Arabia will stop exporting. But in between the lines his comments reflect a concern over the dollar. That accounts for some of the increase as the price per barrel adjusts to the eurodollar.

I tried to find the story that appeared earlier in the week but one analyst apparently stated that 20-30% of the price per barrel at this point is from speculation. Which means the price per barrel should still be around $90. In other words, $90 represented the adjustment to the eurodollar.

Only a fool or someone who's making a fortune believes there is not some manipulation going on. Enron returns.