
Episode 63 - Why We're Wrong (or so they say): Resource Scarcity
Breaking Down: Collapse
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How Much Is Available to Me Right Now?
When we price commodities, it's on the current availability. It's not on the future availability because we look at the future availability as being infinite. So just because prices have consistently come down over time doesn't mean they're going to continue to do that forever. When it comes to peak oil in the U.S., we're lucky in the United States because we had access to other countries oil that we could purchase from them. Now with current technologies, we're sort of just stumbling. We're dragging at the bottom of the barrel getting that last bit of gross unconventional shale oil out of the ground and we're hanging on.
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