Wednesday, February 09, 2005

Bumpy ride

That's what this financial writer predicts for 2005 and beyond. His main evidence for this is near the bottom of the piece where he details the decreasing number of large oil finds and the consistent gap between consumption and discovery since the 1980s. If you want to understand why, in the face of all our technology, discoveries are declining, read my previous post, Faith-based economics II: The case of oil's sudden scarcity.

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