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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Elroy Jetson who wrote (65596)5/17/2007 12:58:06 PM
From: patron_anejo_por_favor  Read Replies (1) of 116555
 
Oh, it's relevant until the alternative can be produced in size at prices equal to or below the current (or future) price of crude. Which is why shale and CTL and ethanol don't matter until crude is much higher. And that is ultimately the significance of peak oil. Supply will always exactly equal demand, only at what price and with what impace on the global economies?
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