Arthur Berman: "Peak Oil - The Hedonic Adjustment"
The Great Simplification with Nate Hagens
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What's the Difference Between Oil and Natural Gas?
40% of what the international energy agency and the energy information agency in the USA call oil is not oil. I'm not saying it has no value, but it doesn't even come from oil. It's not a petroleum product. And so for those who are deeply concerned about how we're going to maintain our civilizations, since it's based on oil, we better look at how much of that is actually oil.
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