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by DoreenMichele
1464 days ago
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Eh, I've had two college classes that covered Peak Oil. It's a very solid theory. It's why gas prices went crazy in the 1970s, but then we discovered the Alaska oil fields and built a pipeline. Geologists are pretty confident there are no more surprise oil fields that can save us a second time. Even if we discovered crazy amounts of oil in the Antarctic or on the moon, extraction costs would be stupidly high, so it still would not bring back cheap oil. |
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My main question to you is this. Is the sudden spike in the recent time period just because of Peak Oil, or is it because of other factors I've mentioned? In an era of high inflation, war fears, and environmentalist policies being pushed, I think the explanation for the current gas price increase is much easier to see.
> Eh, I've had two college classes that covered Peak Oil.
Well, I've studied some economics.
Eh, maybe I'm suffering from Dunning-Kruger effect. Maybe you are. Who can tell?