Just finished reading Steven Goprelick's book "Oil Panic and the Global Crisis: Predictions and Myths". He systematically points out how all prior predictions about commodity shortages have been wrong and why peak oil in 2010 is wrong. You name the commodity and at some point it was predicted to peak and yet we have never run out of any commodity as the market makes adjustments to either find more or switch to alternative solutions. He shows quite convincingly that the Hubert's peak oil chart for the United States was wrong.
I feel better and I hope he is correct.
Thursday, June 10, 2010
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