Wednesday, August 26, 2009

Peak Oil? No. Peak National Debt? If Only.

Yesterday brought news of finding some surprises in the sofa cushions. On the bad side, Barack Obama found an extra $2 trillion in crippling national debt. On the good side, some oil companies found a couple billion and a couple hundred million new barrels of recoverable oil. I have taken the Peak Oil concept to task here at NBfPB many times. Refreshingly, the NY Times gave Michael Lynch space to shoot down Peak Oil silliness yesterday.

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