Item of General Interest
Oct. 23 . A new interview by Chris Martenson is now up. He calls it Why There's No Economically Sustainable Price for Oil Anymore.
Tag Archives: oil company profit
What’s Ahead? Lower Oil Prices, Despite Higher Extraction Costs
Nearly everyone believes that oil prices will trend higher and higher, allowing increasing amounts of oil to be extracted. This belief is based on the observation that the cost of extraction is trending higher and higher. If we are to … Continue reading
Posted in Financial Implications
Tagged deflation, diminishing returns, inflation, oil company profit, oil price
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