Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: patron_anejo_por_favor who wrote (65594)	5/17/2007 12:20:52 PM
From: Elroy Jetson	Read Replies (2) of 116555

That's why I don't believe in "peak oil" as most imagine it. Peak oil is a concept without relevance or impact on energy prices. The short-term rise in prices after March 2003, driven by the War in Iraq, is a blip on the way along the continuing decline in energy prices. It has no more significance than the prior "peak oil" period of 1976 to 1983 - which was actually a temporary peak refinery problem similar to today.

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