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« Recessionary Politics | Main | The Next Social Network » March 8, 2008Peak Oil?Expert says: The world has plenty of oil. As much as we don't like paying high prices for a gallon a gas, there is a major difference between today and the Carter era, when gasoline was not only expensive, it was often unavailable. Frankly, a nation that can afford to let the equivalent of 30 years of oil from Saudi Arabia lie untouched underneath Arctic ice because of some caribou is not facing an oil shortage, and a political party that urges that oil be untouched can't credibly claim to be worried about the availability of oil - or about achieving energy independence from the Middle East. Posted in Economy & Business
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If you've ever wondered why the price of oil has risen, its not because were running out. Oil will only get harder to get out of ground as the easy oil is used up, thus increasing the cost. LINK Post a comment
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