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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (455538)	2/10/2009 7:34:22 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 1575602

Never before an econ cycle at peak oil, as well as the peak extraction rates for many other resources. Nor one with a number of serious (growing) competitors. Nor an unimaginable debt to our #1 competitor. We'll see a series of demand destruction recessions, brought on by oil prices. Next time world demand gets back to 86-87 MPD and we run thru the inventory building up now, prices will spike and we hit the wall again. When we can stabilize our energy situation, we are in decent shape for resources...mine garbage dumps. Resources be in short supply; if China and India become us, 3 countries will be soaking up 9/4 of the yearly world output in a lot of raw materials. Hirsh Report sez 20 years fer full recovery. en.wikipedia.org Bottom line...too many peeples. Are humans wiser than yeast?