[ExI] The sky is falling!

Stathis Papaioannou stathisp at gmail.com
Fri Mar 27 01:19:22 UTC 2009

2009/3/27 Rafal Smigrodzki <rafal.smigrodzki at gmail.com>:
> Somebody wrote:
> the upcoming monstrous energy shortage (and the
>>> resulting chaos and death).
> ### What a joke! Amongst an ongoing energy glut (see e.g.
> inflation-adjusted crude oil prices almost as low as in 1948! -
> http://inflationdata.com/inflation/images/charts/Oil/Inflation_Adj_Oil_Prices_Chart.htm),
> there are cries of doom, gloom and general gnashing of teeth.
> The only shortage we have is common sense.

That there is a glut now does not necessarily mean there will always
be a glut. It is possible that production of a commodity outstrips
demand this year even though the commodity will completely run out
next year.

Stathis Papaioannou

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