There is very little spare oil capacity left in the world
Jim welcomes back to Financial Sense Newshour geologist and Peak Oil pioneer Dr. Colin Campbell to discuss the global energy situation. He believes that oil insiders around the world know Peak Oil has arrived, but don’t want to alarm consumers and shareholders with the truth. Unfortunately for those weary of high gas prices, Dr. Campbell sees this as just the beginning of much higher prices.Dr. Campbell has over 40 years of experience in the oil industry. He earned a Ph.D. in geology from the University of Oxford in 1957, and has worked as a petroleum geologist in the field, as a manager, and as a consultant.
http://www.financialsense.com/financial-sense-newshour/guest-expert/2012/02/29/colin-campbell-phd/global-oil-production-playing-with-fire
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