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@nordic
"The "fundamental change" over looked in this analysis is efficiency improvements"
huh, no. Efficiency improvements do not lead to consumption reduction but exactly to the opposite.
It's called Jevon's paradox, which applies amongst other things to energy.
Opinion: Here’s what will send oil prices back up again
by Martin Tillier of Oilprice.com Oil’s rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in...
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Mar 7, 2015
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