tag:blogger.com,1999:blog-27951078.post6225203920558232264..comments2024-02-02T05:45:33.724-06:00Comments on Incoming: John Phippshttp://www.blogger.com/profile/03245790061133614986noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-27951078.post-75732415905001427672008-02-18T06:43:00.000-06:002008-02-18T06:43:00.000-06:00Malthus lives. Long before $300 oil, world-wide r...Malthus lives. Long before $300 oil, world-wide recession will slow consumption growth. Scarcity doesn't lead to peaks in production, it leads to high prices which lead to increases in production. <BR/><BR/>The only %1.2 more oil available against 1.5% demand growth is a fine example of the Fallacy of Uninterrupted Trends.<BR/><BR/>Time will tell. In the meantime, it's an interesting subject.Anonymousnoreply@blogger.com