Re: Hubbert's peak

[Yoshie Furuhashi <furuhashi.1@xxxxxxx>]

> Michael Perelman wrote:
>
> > Hasn't been a decade since a major oil discovery has occured?
>
> So do you think we'll "run out" of oil - in the economic, not
> physical sense - before we choke on the smoke and CO2?
>
> Doug

Higher prices can cause stagflation, before the oil industry invents
new technology to make oil production cheaper again and/or other
industries learn to economize on oil.
--
Yoshie

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