Oil is Found in the Minds of Men

Commodity Prices
Economics
Financial Markets
Oil
Author

Stephen Kirchner

Published

September 19, 2009

And ‘peak oil’ is founded on ignorance, argues Peter Foster:

Peak Oil theory represents a combination of economic ignorance and moral rejection of markets as greed-driven and short-sighted. These all-too common attitudes usually go with a profound faith in effective government policy, despite the monumental weight of evidence to the contrary.