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<p>[QUOTE=&quot;medoraman, post: 1246386, member: 26302&quot;]Well betting on any commodity in the late 90&#039;s was a good bet, my bet was silver. </p><p><br /></p><p>&quot;Peak oil&quot; was actually brought up during the gas crisis in the early 70&#039;s in this country according to my reading, (I was too young at the time). However, it was brought up again in the very late 70&#039;s, at the same time &quot;global cooling&quot; was all of the rage. It would scare you two ways, telling you the earth will get colder, and then the second paragraph tell you how we will soon peak at how much oil we can use to warm ourselves, kind of completing the circle of doom. I did a report on it one time, so remember having photocopies of book pages and articles about peak oil from that time frame.</p><p><br /></p><p>Yes, peak oil does not mean we will dramatically decline production, its just prodution will peak and gradually decline. Prices, though, will be more unstable with more demand chasing lower production. </p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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