Comment 51890

By adam2 (anonymous) | Posted November 18, 2010 at 21:46:37

According to peak oil theory, we would see drastically higher prices at the supermarket, and gasoline prices that are 3 or 4 X what they are now. I remember 25 years ago the price of gas was $0.70/L, a jump up to $1.10/L isn't much higher after accounting for inflation. Once we see $5/L or higher then I'll agree that we are in peak oil.

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