I got interested in peak oil quite by accident.
In the winter of 2004, I was taking a business intelligence course while finishing up my MBA at Wilfrid Laurier University. I had been following the financial news throughout the year and noticed that oil and gas prices were rising substantially.
I went on the Internet and started doing some research on oil and started to come across a school of analysts who bought into the peak oil hypothesis. The hypothesis seemed like it was based on solid statistical analysis and the experiences of countries that had already peaked in their production.
I subsequently wrote a paper on how oil intelligence is conducted and developed a simple theory to help predict price fluctuations in oil. Basically, I posited that demand for and supply of oil were both hovering around 86 million barrels a day which meant that any slight change in either that demand or supply would have noticeable market effects on the price of oil. I have turned out to be correct.
A number of websites that provided data and updates regarding the unfolding relationship between supply of and demand for oil exist. They are all very informative in their own way. I note that many of them emphasize their projections that a shortage in the supply of oil relative to demand could cause massive economic disruption. Some do offer avenues and advice for softening these posited disruptions and they deserve a great deal of credit for doing so. Anyone interested in learning more about peak oil should google the subject and they will be well-informed as to the hypothesis.
What I am seeking to do is establish a website and forum for the discussion of ways in which humans can use their genius to develop businesses that will respond positively to the needs of people should world oil production start decreasing. I welcome posts from other individuals interested in pursuing ideas and business models which will make money while helping people meet their energy needs for economic expansion.
A blog about new business opportunities provided by peak oil
Saturday, November 24, 2007
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