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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: tom pope who wrote (143126)12/30/2010 11:39:37 PM
From: JimisJim1 Recommendation  Read Replies (2) of 206146
 
<At the right price there's plenty of oil.>

And yet when the price of oil went north of $80 the last time (and eventually peaked well above $150), daily oil production did not increase despite "the right price."

Perhaps "peak oil" should be amended to: "peak oil production?"

Jim
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