On the Edge with Max Keiser-World Oil Production-11-19-2010

In conjunction with IEAs release of world oil production Max made this interview with Gregor MacDonald regarding what in fact clearly is spelled out in IEAs report - we're entering in to Peak oil.

The globe runs on oil but it appears as though oil is running out. The International Energy Agency (IEA) in Paris just released their projections for world oil production by type. What is the significance of the IEA projections? This is the question that Max asks Gregor Macdonald of gregor.us where he writes monthly newsletter on energy and economics.

Part 1
http://www.youtube.com/watch?v=RUzu-4IS4zM&NR=1

Part 2
http://www.youtube.com/watch?v=YYkchp-2riI&feature=related

Part 3
http://www.youtube.com/watch?v=cjBuEsW3wL4&feature=related

So if one of the conclutions besides the fact oil is a finite resouse and on the verge of getting in to a real suply issue well then there clearly is a correlation between oil awailability, financial markets and currencys.

Right now it seems the longer term issue regarding oil availability correlates with the fact the world now faces a real challenge in terms of fiat currencys and then of course in particulare the dollar:

Max discusses world oil markets and their structure with the English energy analyst and consultant, Chris Cook. Cook believes that the current rise in oil prices is because many funds and investors have took out their capital from the dollar market and invested it in the oil market

My comment - this may very well be a real sign of real inflation starting to bite where people are anxiouse now shifting to real hard assets e.g. from currencys to oil.

http://www.youtube.com/watch?v=osjLSIgNLl8&feature=player_embedded