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Peak Oil Stocks for the Future

Posted on May 22, 2008

Oil prices, US oil independence and basic economics I just listened to the another politician screaming about opening up ANWR for oil development. These politicians claim our recent sky high oil prices are due to lack of new supply here in the US. As an economist, and an energy user, this view really annoys me You can't dig yourself out of this scarce resource pricing issue. One needs to let economics work: prices need to continue to rise, until demand falls and alternatives are properly funded....

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economics , oil , peak oil