Re: An Enerty Tsunami Ahead?
Interestingly enough Carl Icahn is trying to get Kerr Mcgee to stop looking for oil, and sell it's next ten years of production now through forward contracts. Basically he's betting that prices have peaked.
I'm not sure he's right since the U.S dollar is likely to continue to decline. Oil prices in Euros have been actually pretty flat the last five years, most of the increases we have seen are due directly to the sinking dollar.
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