Oil is Found in the Minds of Men

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.

posted on 19 September 2009 by skirchner in Commodity Prices, Economics, Financial Markets, Oil

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