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Second, a repost from January 2010, which seems timely in the wake of BP's Gusher in the Gulf:
Just like the Butterscotch Man couldn't run till he got warm and could only get warm by running, we're in a fix -- now that the easy oil is gone, the cost of getting the remaining (deeper, more distant, more sour) oil translates into a price that the economy can't sustain.
Excellent writeup on this in the mainstream press here.
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