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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Wyätt Gwyön who wrote (10098)8/2/2004 12:31:04 PM
From: I_C_Deadpeople  Read Replies (1) of 116555
 
"the idea of inexhaustible oil is promoted by what Colin Campbell calls the "flat-earth economists". they think it is just a function of price, and since there is always some residue left somewhere, it's just a matter of how much it will cost."

Bingo..well said. There is still virtually complete ignorance on the concept of depletion. Everyone still believes there is lots of oil left (and there is), but can it be extracted and at what cost?
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