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Reply #53: Yep, 'Peak Oil' Is About Where The Rate Of Supply Has Peaked [View All]

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Home » Discuss » Archives » General Discussion (Through 2005)

Strelnikov_

(1000+ posts) Send PM | Profile | Ignore

Sun Jan-02-05 02:14 PM
Response to Reply #21

53. Yep, 'Peak Oil' Is About Where The Rate Of Supply Has Peaked

It is not the 1/2 point in oil reserves. There will still be a lot of oil left in the ground.

Demand will chronically outstrip supply, resulting in decades of 70's style oil price shocks as economies try to adjust.

It is an economic tsunami heading straight for out shores.

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