[Peakoil] The collapse in oil production comes from oil prices that are too low, not too high.

[Jenny Goldie]

Our Finite World
Low Oil Prices - why worry? by Gail Tverberg
http://ourfiniteworld.com/2015/09/29/low-oil-prices-why-worry/
29 September 2015

Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the distance, since "Peak Oilers" talked about high oil prices. Thus, low oil prices are viewed as an all around benefit.

In fact, nothing could be further from the truth. The Peak Oil story we have been told is wrong. The collapse in oil production comes from oil prices that are too low, not too high.
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