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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: Joe Stocks	11/19/2006 10:22:35 PM
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Does the Peak Oil "Myth" Just Fall Down? -- Our Response to CERA With the release of Why the "Peak Oil" Theory Falls Down — Myths, Legends and the Future of Oil Resources by Peter M. Jackson, Cambridge Energy Research Associates (CERA) attempts to cast doubt on the credibility of those with imminent, empirically-based concerns about our future oil supply. CERA's "Decision Brief" requires a response because since 1870, the health of the world's economies have hinged on a secure, dependable and growing flow of "conventional" oil. Their forecast, shown in Figure 1, predicts that the oil supply will continue to grow and sustain economic growth. more.. theoildrum.com

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