Monday, December 07, 2009

Peak Oil Is Garbage...but It Still Sells

I've gone after the Peak Oil silliness here at NBfPB many times. Duke economist Mike Munger upgrades the indictment from silliness to idiocy. A well deserved promotion (or is it a demotion?). Peak Oil always seems to get revived at the onset of commodity booms, mostly by money managers promoting their commodity investment strategies.

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