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Re: a non-Jones theory of oil prices

"Michael Perelman wrote: 
> Of course, Mark Jones is ultimately correct.  At some point natural conditions will 
> drive up the price of hydrocarbons.  The only question is about timing.

not so. What if an extremely efficient solar energy system were developed? Then (if it were not suppressed) the demand for hydrocarbons would likely fall to the floor. Or, more likely, level off. 

Jim D.
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