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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: dvdw© who wrote (70163)1/3/2011 3:15:50 PM
From: 8bits  Read Replies (2) | Respond to of 218723
 
This piece is an embarrassment of malfeasance.
Bought and paid for, positioning for the next contrivance.


Bought by whom...? I think he's correct that high oil (and other commodities..) helped push the world into recession along with the sub-prime crisis. As for the end of globalization... if the price of oil shoots to $200 a barrel and stays there.. not the end but a reduction perhaps. There was plenty of trade in the era of sailing ships and lengthy transit times.

snopes.com

I found this site to be pretty rational and offers pretty good rebuttal to peak oil. (He does think oil will eventually peak but doesn't believe we are headed towards disaster..)

peakoildebunked.blogspot.com

peakoildebunked.blogspot.com