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To: sickoflibs
“The international energy agency has come out with a report showing that the world’s oil reserves are declining at a rate of 6.7 % per year even after discoveries. You can do the arithmetic, in 15 years there will not be any oil at any price unless something dramatic changes.

Looks like multiplication is hard for Jim. 15 years of 6.7% declines leaves us with 35.3%, not 0%.

13 posted on 01/25/2009 6:47:18 AM PST by Toddsterpatriot (Will the doomers ever buy a calculator?)
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To: Toddsterpatriot
RE :Looks like multiplication is hard for Jim. 15 years of 6.7% declines leaves us with 35.3%, not 0%

15*6.7% =100% . Sounds like I know why energy prices are down now, Math skills. This is proof to buy, buy, buy!

15 posted on 01/25/2009 6:59:45 AM PST by sickoflibs (Obama : " We need swift immediate action on my 10 year government spending plan")
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To: Toddsterpatriot
"Looks like multiplication is hard for Jim. 15 years of 6.7% declines leaves us with 35.3%, not 0%. "

.

Are we here, maybe, on 'The Rule Of 72?' Jimmy may be correct...Compounding works backward as well as forward with numbers?

25 posted on 01/25/2009 10:18:19 AM PST by litehaus (A memory tooooo long)
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