123 comments on Drum(stick)Beat: November 27, 2008
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123 comments on Drum(stick)Beat: November 27, 2008
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This is a bit strange, so Saudi Aramco now admits peak oil is real? According to the Times of India article. If it is indeed correct, thats a huge step in the right direction atleast.
is there a right direction anymore?
we're going the way of the dodo. news like this only make us go slower, but the direction is clearly set.
does anyone here have a guess about how fast the related and non-related jobs will dissapear if gm goes bankrupt? i mean from the moment from when it hits the news to the moment where most of the related and not-so-related people get fired (repair shops, auto part makers, waiters, and so on?)
ps: where did the comment about the nuclear "energy revolution" go?
It will be interesting to see if there if there is a "Correcting Statement," but if the quote is accurate and if the statement stands, I will be astounded.
Don't be astounded.
Oil prices have crashed. It would be foolish for OPEC to promote endless reserves. Now is the time to talk about scarcity.
Good point. At their current level, oil prices have increased at only 13%/year over the past 10 years.