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CNBC: "Peak Oil didn't happen" ..
Pickens: "that's all bull#... I am the expert not you" CNBC: "well you're not much of an expert if you thought Peak Oil happened" Enjoy some real-life pushback on the narrative...
originally posted by: nwtrucker
a reply to: monkeyluv
Some of the replies to that are interesting as well.
The oil types refer to it as a 'hurt' with dire predictions for some oil companies perhaps leading to a chain reaction economic collapse.
I don't have any oil investments...no money....
I highly doubt that scenario as we've just seen in Russia a bail-out of a bank that was facing bankruptcy. Like-wise, I suspect a GM-like bail-out if any large companies face ruin. That would avoid any chain reaction that could lead to a wider economic collapse.
Allowing this isn't artificial-beyond OPEC maintaining their production levels- then like any other market-place, doo-doo occurs...