6 comments on The Bullroarer - Sunday 17 August 2008
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6 comments on The Bullroarer - Sunday 17 August 2008
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It hasn't taken long for peak oil theory to be considered dead by The Oz - its a shame people confuse the oil price with long term production trends - with a vicious enough recession, you could be past peak and have a falling oil price (though I don't believe we are post peak or in a deep recession yet) - but apparently that is too complex for newspaper columnists or economists to understand.
The Australian - Shock waves spread as oil bubble bursts
"The oil price went up, so peak oil seemed real, but now it's down again so that must all be rubbish and really oil will last forever."
"Whatever. You know, I think the boss is giving you the boot."
"Look, how can you possibly say they're going to sack me? I mean, yes my pay went down last week, but it's really high this week!"
"Yeah, that's your redundancy payment."