Thursday, April 14, 2005

Gharwar is peaking...

This story is very problematic and important. If true then the world economy going to be entering a period of decline. The information in this article is not something new. However, the fact that the Bank of Montreal and the IEA are publicly talking about Gharwar is a problem. It is the public acknologement that something is seriously wrong and we need a solution. Transparency in the oil industry is a big issue…How much is left and what are the possible ramifications?

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