The post I made is about the end of cheap oil. Very important difference. What will $100 or $125/barrel oil do to our economy? It will take a decade to provide enough alternative cars and nuclear power plants to reduce our demand for oil. Demand keeps rising, as China wants to have everthing we have.
Your statement that it’s been said for 10 years doesn’t hold weight either – some economists have been talking about the housing bubble popping for 5 years and they were wrong too, until it happened. I appreciate your response. Well, what do you think about the impact of the END of CHEAP OIL?
