pajamasmedia.com - 1/8/2009
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THOSE LOW GAS PRICES WON’T LAST: “The oil industry is scaling back on exploration and production because some projects don’t make economic sense when energy prices are low. And crude is already harder to find because more nations that own oil companies are blocking outside ...
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Those Who Don’t Know History Are Doomed….
Daily Pundit —
Instapundit » Blog Archive » THOSE LOW GAS PRICES WON’T LAST:
Or not:
It looks to me as if the two oil spikes of the past 40 years were the aberratuions, and the recent collapse of the spike is merely returning us to the more normal regions of 15-25 dollar oil.
I wonder if there are any smart guys out there willing to repeat that famous bet about the future scarcity of natural resources, this time with oil.
The Morning Scramble/Open Thread Thursday - 1/8/2009
No Runny Eggs —
... and Glenn Reynolds battle it out over the future of the price of oil. While I usually am a fan of history, I do have to note that in the aftermath of the 1979 OPEC shutdown, the threat of the US actually weaning itself off of OPEC was credible, while it is not credible now. ...
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