Oil Is Just Not There, Right?

"They are malthusians. I mean, honestly, they are tanos from the marble movies," he says of Peak Prosperity advocates. "Without oil, we can only pect, we can Only sustain one to two million people." He argues that under a purely extractive system commodities should be priced at an er of energy above the cost of extraction. The profit margins on naptoline, gasoline and everything else is going to be eight to ten%.