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IEA on Board, Sort Of

Hubbert's Peak, 17 November 2010

Make that 2005; then we're talking about the same planet. The implied IEA message is that the peak happened several years ago and the world didn't come to an end. Wayminnit. We are in the biggest economic downturn since the Great Depression and we don't know whether we can ever restore our earlier prosperity. My interpretation is that the 2008 crude oil price, $147 per barrel, shattered the global economy. The "invisible hand

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