Marc Faber and others weigh in on the price of oil for the near term June 8, 2009

by | Jun 8, 2009 | Marc Faber | 3 comments

Analysts and investment experts weigh in on the price of oil for the near term June 8, 2009.

I think that peak oil is a reality. It doesn’t mean that prices will necessarily go up in the immediate future because peak oil means that the reserves are beginning to decline, which I believe is correct. And eventually the world has less oil but the world becomes more oil efficient.

Click here to load this Bloomberg compilation in your default player

Click here to load Bloomberg Player

Inflation is Running at 40-Year Highs!

Negative interest rates are taxing savers, creating food shortages, and making life miserable in the United States!

There's little time left before the REAL DISASTER occurs!

Download the Ultimate Reset Guide Now!

    Related Articles



    1. Patrick

      Faber actually said (correctly) that “the world becomes MORE oil efficient,” not less efficient as you have quoted.

    2. admin

      Thanks Patrick! I made that correction in the excerpt above. It was 2am and i must have been thinking “less oil dependent” as I was supposed to be typing “more oil efficient.”


    3. Patrick

      Keep up the great work!

    Commenting Policy:

    Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

    This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.