Comment 76209

By WRCU2 (registered) - website | Posted April 25, 2012 at 07:08:02 in reply to Comment 76161

In my estimation, the price of oil has little to do with depletion, but rather an interest rate policy that promotes indebtedness/speculation, rather than saving.

Exactly Mr. Smith! I'm glad somebody is on the ball with this. The following are the author's own words minus all his rhetoric:

This crisis will get radically worse...economic recession is the only known way of reducing oil demand.

My question is why didn't he just say that to begin with? Why did he need to use 2672 words and 16242 characters just to state that simple fact? Also, with 33 nearly identical articles at Raise the Hammer, he's right up there with Jane Jacobs as a favourite pet-pen of the editor.

"It is always the nearest, plainest and simplest principles that learned men see last." Elbert Hubbard

Comment edited by WRCU2 on 2012-04-25 07:14:07

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