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Peak oil, economic growth and the big lie : Comments
By Michael Lardelli, published 11/4/2012The ‘Big Lie’ of our economic system is that anyone can get rich.
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it is you who are in denial. The Matthew Simmons book 'Twilight in the Desert' you quote has already been overtaken by events - as can be seen by a look at the copyright date and a check of the time lines set out in the book. The OPEC fields should have already dried up according to that book. But you did know that, right??
As for the rest of the stuff you quote, the key point to remember is that the main story is the decline in OPEC production and rise in unconventional/shale production. As OPEC has not been investing in production as it should you will get a plateau for some time.. So I don't necessarily disagree with at least two of the three articles you quote as far as they go.. Oil prices will also go up because unconventional stuff is more expensive than conventional.
As for the "assertion" about OPEC not investing enough on production one paper on this is in the September 2009 journal article in the Journal of Economic Perspectives by James Smith an oil and gas economist. There are others to quote but that should give you enough to go on with.. I think its available online..