The Great Oil Deception: Part Three
SeekingAlpha Energy Stocks (Free subscription) | 06/19/2008
Eric Fox submits: "Oil Production in the United States is in a permanent decline." This is one of the loudest of all claims by oil bulls, and the one stated with the most smug self satisfaction, a seemingly impregnable statement that no one with even half a brain could possibly refute. This claim is usually made in conjunction with some comment about M. King Hubbert, and his prescient statement about...
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