Energy Trade: The Hidden Cost Of Peak Oil | ETF DAILY NEWS: Most of what you’ve heard about “peak oil” is wrong. In fact, there’s a hidden cost to peak oil that’s very real. And it’s coming to a pump near you any day now.
I know you’ve read the same headlines that I have…how we are going to “frack” our way to energy independence by exploiting shale oil and other unconventional sources.
But here’s the thing.
Nobody’s talking about the high cost of getting the new oil out of the ground. But very soon, high extraction costs will kick crude oil prices into high gear...