Wall Street Journal (December 4)
2014/ 12/ 06 by jd in Global News
With rising production and falling prices, the ‘Peak Oil’ theory has again been debunked. The world routinely panics, then “relearns that supply responds to necessity and price.” The Malthusian hysteria has not been restricted to oil. There have “been regular warnings that the world is running out of soybeans, helium, chocolate, tunsgsten, you name it—and that population growth has become unsustainable. The warnings create a political or social panic for a while, only to be proved wrong.”
Tags: Chocolate, Debunked, helium, Malthus, Necessity, Panic, Peak Oil, Population growth, Price, Production, Soybeans, Supply, Tunsgsten
