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Thursday, September 17, 2009

Will Peak Oil Pricing = Perma Recession?

Will Peak Oil Pricing = Perma Recession?
Yves Smith, Naked Capitalism, September 17, 2009
Last year when oil was skyrocketing, peak oil talk was all the rage. Now you hear nary a peep save from the diehards. But commodity prices are grinding upward, in the face of rather sizable inventories.

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