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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%Dec 19 4:00 PM EST
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To: Maurice Winn who wrote (95804)10/24/2012 7:45:22 AM
From: bart132 Recommendations  Read Replies (1) of 218634
 
Yes, no evidence of running out per inflation adjusted prices.
No hedonic adjustments made for sweet light vs. heavy, etc.



Same data, log based chart:



Actual 1912 prices were well under 1/100 of today's price.
1/1/1912 0.67
2/1/1912 0.68
3/1/1912 0.69
4/1/1912 0.70
5/1/1912 0.71
6/1/1912 0.72
7/1/1912 0.74
8/1/1912 0.75
9/1/1912 0.76
10/1/1912 0.77
11/1/1912 0.78
12/1/1912 0.80


I agree on peak (cheap) oil. We can't possibly run out of things like sweet light oil like Hubbert said, the planet has infinite resources and always has and always will.
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