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Not sure what you mean, are you saying the GFC was not responsible for the drop in the crude price from 2008?

Couldn't get your chart to work, try this... Ok its not exactly consistent, but it is up.

Ah yeah, heard this arguement before, even participated in it. At the end of the contract it is either delivered or it is worthless, in order to make it viable at the end of the contract it has to be offered at a price thats viable for delivery. There are plenty of stories about big players...

Never mind 2015, the world is currently in short supply, why else would the price of oil go up? And over the coming years and decades the price will increase. That doesn't mean the world will implode overnight, these things take time so dont be hasty ;)

Perhaps property investors will be able to sell the peaks and buy the troughs throughout "peak oil" just like any other time. "Peak Oil" is a bit of a misnomer me thinks. The tech crash could more likely have been termed "Peak Tech". The GFC could be termed "Peak Cheap Finance". But oil (and...