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To: Toddsterpatriot
No. I said that even if his prediction comes true, reserves down 6.7% a year, there will not be zero oil. You realize that 0.933^15 is much much larger than zero?

What Roger's means is that at a 6.7% decline rate, very, very shortly (e.g. mexico in 2-3 years) the # of exporters of oil will fall to zero. Read up on "export land model"

There's nothing wrong with Roger's math. Glad I could help.
38 posted on 01/26/2009 6:54:52 PM PST by dollarbull
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To: dollarbull
What Roger's means is that at a 6.7% decline rate, very, very shortly (e.g. mexico in 2-3 years) the # of exporters of oil will fall to zero.

No oil available at any price means no oil. It's much worse than no oil for export.

There's nothing wrong with Roger's math.

LOL! You're funny.

39 posted on 01/26/2009 7:00:47 PM PST by Toddsterpatriot (Will the doomers ever buy a calculator?)
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