Tuesday, April 29, 2008

There will be more blood

"But the International Energy Agency estimates that current investments will be insufficient to replace declining oil production. The energy agency said it would take $5.4 trillion by 2030 to raise global output. Otherwise, it warned that a crisis before 2015 involving “an abrupt run-up in prices” could not be ruled out."

The cover of NYT today.. So where should we invest, alternative or more oil?

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