Comment 27982

By A Smith (anonymous) | Posted December 23, 2008 at 13:27:38

Jason, you have a point, but once again this does not prove that the world is running out of oil, nor does it indicate that world GDP will be negatively influenced over the long term. The fact is, GDP can grow very well with stagnant and even declining oil production levels and therefore any attempt to draw a direct correlation between living standards and temporary flat lines in oil production is simply not based on reality.

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