by Pops » Fri 07 Dec 2018, 21:54:59
lol, I was no math whiz but this is pretty self-explanatory
The relevance of course is not the number (which is a ways from negative on average) but the refuting of one of our fundamental PO Articles of Faith:
"once you've peaked, further growth in supply, is over."
LinkTurns out economics actually does trump geology. For a time anyway. Live and learn.
OTOH, isn't LTO kinda the ultimate argument for PO?
i.e., If there were herds of elephants, would we be scrabbling for grubs?
http://crudeoilpeak.info/wp-content/upl ... an2018.jpghttp://crudeoilpeak.info/latest-graphs
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)