An analysis that determines that once a country hits "peak" oil production, it takes about 6 years for that country to become a net importer rather than exporter. The most serious near-term threat seems to be Mexico (14% of US imports come from Mexico). This model predicts Mexico will be a net importer by 2014.
If this model holds, oil prices could see an exponential rise. From the article:
"From this point out I think we'll see a geometric progression in prices ... you know, $50, $100, $200, $400, whatever. The only question now is how short the periods will be between prices doubling again."
Read the whole article for more information.
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