In related news I look forward to a couple of years of "contracting oil demand is masking the peak" arguments.
you are the media you consume.
If the scenario I described happens, then it is likely that oil demand will drop - or that it will grow less than expected. But if we are near the production peak, that small growth may still be enough to create tensions.
Or indeed, as you say, the contraction may hide peak oil effects for a while. In the long run, we're all dead. John Maynard Keynes
As if negative-equity, interest-only were not bad enough.
<head explodes> Those whom the Gods wish to destroy They first make mad. -- Euripides
