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

To: Maurice Winn who wrote (95804)

10/24/2012 7:45:22 AM

From: bart13

2 Recommendations Read Replies (1) | Respond to of 218632

Yes, no evidence of running out per inflation adjusted prices.
No hedonic adjustments made for sweet light vs. heavy, etc.

Same data, log based chart:

Actual 1912 prices were well under 1/100 of today's price.

1/1/1912	0.67
2/1/1912	0.68
3/1/1912	0.69
4/1/1912	0.70
5/1/1912	0.71
6/1/1912	0.72
7/1/1912	0.74
8/1/1912	0.75
9/1/1912	0.76
10/1/1912	0.77
11/1/1912	0.78
12/1/1912	0.80

I agree on peak (cheap) oil. We can't possibly run out of things like sweet light oil like Hubbert said, the planet has infinite resources and always has and always will.