Sep 19, 11 •
163 Views •
Businesses, Demand, Supply, and Markets, Developing Economies, Economic Debates, International Trade and Finance, Macroeconomic Measurement, Thinking Economically •
Elaine Schwartz •
Have you ever heard of Hubbert’s Peak? No, it is not a mountain. Hubbert’s Peak refers to our oil supply. In 1956, Marion King Hubbert warned us that U.S. oil production would peak within 15 years. And, the only direction after the peak is
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