Peak Oil is You

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Page added on October 30, 2009

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The recession is dead … long live the recession!

The world

Among the many consequences of passing the world oil peak: the days of cheap inexpensive food are behind us. And, too, every time the inflation-adjusted price of oil tops $80/bbl, we head into a recession. Most commentators think Saudi Arabia will continue to bail us out, but the kingdom clearly has reached peak extraction. Thanks to renewed growth in the world

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