Submitted by EnergyTechStocks.com
Why are oil prices so high? One big reason is the increasing number of experts acknowledging what peak oil advocates have been screaming for months now – Russian oil production has peaked.
Here’s a Bloomberg News story www.bloomberg.com quoting yet another Russian oil industry figure who believes the nation’s output can’t rise any higher.
Hey, folks. Russia’s the world’s number two oil supplier after Saudi Arabia, whose ruler just said he plans to hold on to some of his oil instead of pumping it out for Western automobiles.
No wonder oil prices are rising – and will continue to do so.
Until tomorrow.