Thursday, May 15, 2008

The price of oil

I've written before that history provides another form of simulation: while it includes many confounding factors, it does offer important lessons for us.

Now Ugo Bardi has explored what might happen to the price of oil, based on what happened to a prior generation's non-renewable resource.

What do you think of his ideas? What impact might this have on the way you do business? On the way you should do business?

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