A New Twist on “Peak Oil”

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703
In mid-2000, the world feared it was running out of oil. Speculators, in turn, became feverishly bullish on oil’s price. A 78% crash soon followed. Now, the phrase “peak oil” has been re-introduced, but in a different way.