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But what if the chart is showing a long term trend, and they are actuallying finding less oil? It is a certainty that price was not limiting production during this period of time. Indeed, if it was not price, what was it that resulted in lower production of oil in the free market world? We won't know for sure immediately, but what if peak oil has already happened? What then? So many of the pundits want to argue against this situation, but I think it is happening.
Nov 02 07:15 am
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All Comments by redbaron »For Your Perusal: The Glory of Free Market Oil Supply [View article]