Peak Oil Foreshadowing

A recent gas crunch in Ontario and Quebec provides a little insight into how near capacity our oil and gas supply chain is. Any hiccups start creating an inability to meet demand. Stephen Leeb, an investment advisor and author of The Coming Economic Collapse believes that supply is currently around 102% of demand. We have very little surplus and this seems to go unnoticed by most. Oil companies seem to watch this very closely and take the opportunity to raise prices whenever possible. It seems like a good time to get off of oil as quickly as possible.

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