Comment 51047

By Pxtl (registered) - website | Posted November 02, 2010 at 16:48:05


Which is why Peak Oil is not going to be a sudden, abrupt downfall into anarchy. Just a steady, inexorable climb of oil prices. The places we're not harvesting from yet are more expensive.


Mock all you want, but you can tell that the business world quietly believes peak oil is coming. Oil commodities keep bubbling and bursting as the market keeps expecting the next rise to be the one that never comes down. Nobody is building refineries, despite claims of a terrible shortage in refining capacity - either the richest companies in the world suddenly forgot about supply in demand, or they're not expecting this shortage in refining capacity to last that long.

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