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We will (really) burn everything
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http://drgoulu.wordpress.com/2007/05/25/on-brulera-vraiment-...
Article is in french. Explains that all oil stock wil be burned before alernative energy sources become competitive because oil has very low extraction costs, which enables producers to adjust its price to maximize their profit, which means zero stock when alternative energy becomes efficient.
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Submitted by Goulu
61 months, 2 days, 17 hours agoTags: energy, oil, supplies, price, alternative, economics | |
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