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5 years of massive disruption to agricultural markets will provide enough fuel to cover the increase over one year. If that's not an indictment of the uselessness - and sheer folly - of the biofuels boom, I don't know what it will take.

Succinctly put.

By the way, I have found a remedy for the Cassandra-like angst produced by the fact that we know something awful is coming but no one is listening.

Oil investing. Prices go up, but instead of moaning, I just smile widely. I see Exxon, Total and Conoco are all upp 0,3-0,4 % today, while PetroChina is up almost 1,4 %. Maybe I'll add Chevron and Shell the next time prices go down.

Does this make me a bastard or just prudent? Or a prudent bastard?

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Mon Jul 9th, 2007 at 11:08:39 AM EST

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