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How Oil Prices Affect the Economy: Calling for a Third Indus

submitted by shagen454

1 decade 2 years 6 months 1 week ago

A lot of DUHDERP but well put together, anyway.

5 Comments

GenjiKilpatrick

Arguably, we've already passed peak oil.

Hence, the sudden increase in offshore oil expeditions and tar sands operations.

Not to mention, Mexico - the U.S.'s third largest supplier - began running out of oil last year, 2011.

It's all downhill from here.

"don't let those tree hugging hippies tell you we've reached peak oil... so in 1979 a BP study found that we reached peak oil."

Tags for this video have been changed from 'oil, economy, economics, recession, inflation' to 'oil, economy, economics, recession, inflation, industrial revolution' - edited by calvados

Not BP, but M King Hubbert at Shell came up with the basic idea of peak oil. http://en.wikipedia.org/wiki/M._King_Hubbert

If you want to convince people, you got to at least do the research and get your facts straight.

No mention of OPEC enforced price fixing oligopoly?

Discuss...

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