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whidbey is a
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Wishful thinking is a disease. The author has no more information, or interpretative powers than anyone else. The facts are also a little different. The short run elasticity of demand for fuel is usually overcome by the inconvenience of not consuming. The substitutes can not replace gas except at the price of huge capital investments (recall we are short capital). Finally, I worry about peak oil and inflation induced destruction of demand That could spell a very long slow down. Your analysis is selective and unbalanced.
May 28 11:11 am
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