Patient Capital Management Peak Oil

Patient Capital Management: So Much For Peak Oil!

Patient Capital Management fourth quarter 2014 letter titled, "So much for peak oil!"
So much for peak oil!
Peak oil refers to the theory that oil prices would rise ever higher because of increasing demand and diminishing supplies. Furthermore, it was argued that finding new sources of oil was becoming more and more expensive. The per barrel cost of finding and developing oil in frontier areas such as the Arctic and other very remote locations would . . .


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