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<blockquote data-quote="bbsam" data-source="post: 1121965" data-attributes="member: 22662"><p>I think "peak oil" is a bit of a misnomer. Haven't they found and established ways of getting oil since the declaration of reaching "peak oil"? Couple that with increased efficiencies and the concept of peak oil drops</p><p> in relative importance.</p><p></p><p> </p><p></p><p>The idea that this is all supply and demand related seems just plain off. There is simply no shortage. Open up the Keystone pipeline and it would also do nothing for US prices. It is all at the global level where prices are managed. The US does the same thing with natural gas supplies. They have so much of it they shut down facilities in the hopes that the artificial shortage will drive up.demand and prices.</p></blockquote><p></p>
[QUOTE="bbsam, post: 1121965, member: 22662"] I think "peak oil" is a bit of a misnomer. Haven't they found and established ways of getting oil since the declaration of reaching "peak oil"? Couple that with increased efficiencies and the concept of peak oil drops in relative importance. The idea that this is all supply and demand related seems just plain off. There is simply no shortage. Open up the Keystone pipeline and it would also do nothing for US prices. It is all at the global level where prices are managed. The US does the same thing with natural gas supplies. They have so much of it they shut down facilities in the hopes that the artificial shortage will drive up.demand and prices. [/QUOTE]
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