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Unless you were hoping for the destruction of Western Civilization, this counts as "Good News." "Peak Oil" postponed by human ingenuity. So there is plenty of oil and gas after all. Prices will bumble along gently until well into the next decade. We are becoming more efficient in our use of energy, with 3pc extra savings annually. That is a faster pace than the rising real cost of fuel. Mankind

Full post as published by Lex Communis on June 24, 2010 (boomark / email).

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