One of the things that are often misunderstood about "Peak Oil" is that it is not a prediction that oil prices will rise up in a straight line. Recent events have definitely thrown cold water on that interpretation. I will make a brief explanation why "Peak Oil" is not proven incorrect by the latest price swoon, and some comments on the economic effect of cheaper oil..…Bond Economics
Peak Oil And The Cycle
Brian Romanchuk
1 comment:
Peak oil predictions and their effect on the economy have been proven incorrect. Nobody denies the physical limits to production that will eventually play out.
A Gypsy lady with a crystal ball has as much credibility as your typical peak oil blogger or 'analyst'.
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