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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (74401)	11/6/2007 3:08:17 PM
From: GVTucker	Read Replies (2) \| Respond to of 77398

One quick OT note: The big mistake in nearly all of these extrapolations is that they almost always show demand rising continuously. That doesn't have to happen. The last time crude prices were at this level (1980), US crude demand hit a level that didn't get exceeded for 17 years. World oil demand also went down, and didn't exceed 1980's level until 1987. Price does cause a demand reaction in energy. It doesn't happen immediately, it doesn't happen perfectly. But if we are at Peak Oil, then prices will reflect that, and sooner rather than later, demand will drop.