Peak Oil is You
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Page added on May 15, 2004
Andrew McKillop: Why we need oil at US$60 a barrel
Maverick economics? Oddest opinion I have yet to come accross. Interesting none the less.
This time, there will be no Cheap Oil benefits spun off from war, like those of the Kuwait war (or “Gulf War 1″). In addition, the supposed ‘inevitable recessionary impact’ of high oil prices is nowhere to be seen – what is seen and noted, every day, is the fact of record economic growth in East and South Asia, and high if unstable economic growth in the USA.
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