IMF warns of oil scarcity and a 60% oil price increase within a year

In a benchmark scenario of its latest World Economic Outlook (April 2011) the International Monetary Fund (IMF) analyses what it calls oil scarcity (after “energy security” another code word for peak oil?) and warns of a 60% increase in oil prices within a year and almost 90% within 5 years due to a reduced growth in global oil supplies (assumed to be + 0.8% pa, down from a long term 1.8%) and low oil price elasticities of oil demand between 0.02 ... Full Story »

Posted by Subramanya Sastry
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Subjects: World, Business, Sci/Tech
Member Tags: peak oil
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# Tweets: 26 (as of 2011-04-20)
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Posted by: Posted by Subramanya Sastry - Apr 20, 2011 - 3:12 PM PDT
Content Type: Article
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Edited by: Jon Mitchell - Apr 20, 2011 - 8:42 PM PDT

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Jon Mitchell
3.9
by Jon Mitchell - Apr. 20, 2011

Informative breakdown of the IMF report that pulls out a lot of key data. It also fortunately draws upon some other sources to cross-examine some of the findings.

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Sirajul Islam
4.0
by Sirajul Islam - Apr. 20, 2011

Balanced piece of story packed by reliable data on Peak Oil scenario. Price escalation is a natural consequence when there's a forecasted dearth in supply of crude in terms of global demand.

See Full Review » (18 answers)
Edward MacNabb
3.6
by Edward MacNabb - Apr. 22, 2011

Does a good job of showing both sides. Could probably do a little better on the sources. I would recommend this story.

See Full Review » (11 answers)
Barry Grossheim
2.9
by Barry Grossheim - Apr. 21, 2011

Not so impressive look at oil variables that is confusing with graphs that are not very clear.

See Full Review » (6 answers)

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