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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: jttmab who wrote (207022)10/26/2006 4:47:17 PM
From: mistermj  Read Replies (3) | Respond to of 281500
 
That would be true if there was an infinite supply of crude.

jttmab


It is true because there is nearly an infinite supply of human capital, technology, efficiencies and subsitutions to be made over time.

You never talk about that half of the equation...and thats why Hubbert's predicitions are always wrong.

The analysis is fundamentally wrong.
Hint:Static bell curves versus dynamic solutions.