Comment: It looks like we're in

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It looks like we're in

the 'undulating plateau', the prediction for the top of the bell curve of global daily production. Production declines (or is unable to meet rising demand), causing prices to rise. Rise in prices reduces demand. Prices fall. Demand recovers and hits the limit again. Prices rise. Etc., etc...

http://seekingalpha.com/article/846571-peak-oil-undulating-p...