PeakTrader.com

[administrator]

PeakTrader:

The oil shock of the 2000s was greater than the oil shock in the 1970s, it was a demand shock, rather than a supply shock, because of peak oil, and high oil prices have been sustainable, even in this deep depression. Chart:

http://inflationdata.com/Inflation/images/charts/Oil/Inflation_Adj_Oil_Prices_Chart.htm

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The free market has done a much more effective and cheaper job than government, and without government help, reducing the U.S. and global oil shock of the 2000s and 2010s.

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Of course, government created a depression, trillion dollar budget deficits, and expensive solar energy to deal with the oil shock.

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Chart: Oil supply and price:

http://gailtheactuary.files.wordpress.com/2012/02/world-oil-supply-and-brent-oil-price.png

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