Peak "Cheap" Oil | The Future Tense

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Monday, November 10, 2014

Peak "Cheap" Oil

The key word being "cheap." There will always be oil available in the future, the questions is how much it will cost to extract it from the ground.

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"When buying a used car, punch the buttons on the radio. If all the stations are rock and roll, there's a good chance the transmission is shot."

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"One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I wait for a situation that is like the proverbial shooting fish in a barrel."

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"Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich."

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The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge.

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Many of life's failures are people who did not realize how close they were to success when they gave up.

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

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These are personal observations on the market and the economy. I am not a financial advisor. Please consult with one before making any financial decisions.

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