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No matter how high the cost of oil there will be no "demand destruction".
Jun 23 14:22 pm
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All Comments by otis the impaler »The 'Peak Oil' Myth: New Oil Is Plentiful [View article]
Just like "food" or "air" or "water", oil has become a "necessity".
It's like saying if we just raise the price of chemotherapy high enough people will stop getting cancer.
Aids didn't stop people from having unprotected sex, emphysema does not stop people from smoking cigarettes and high oil prices will not stop people from using it.