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To: Moominoid who wrote (5839)4/18/2005 10:25:17 PM
From: Casaubon  Read Replies (1) | Respond to of 12411
 
Anyway from a practical point of view the rate of discovery of new oil deposits has declined and that is what is going to matter economically...

yep. But, I still see an upside limit of oil at $80 based on thermal depolymerization economics. However, there are very short term risks, to the economy, as infra-structure would take time and money to achieve sufficient scale. The good news is that energy will not be crippling to the economy, just more headwind (at a very critical point in time).