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Remark of the Week: “Peak Oil” Edition

Posted by Eliot Weinstein on May 18, 2008

There is also every reason to believe that gas prices will be lower in the future than they are now, in spite of the peak oil rhetoric.

Steven Levitt, the Alvin H. Baum Professor of Economics at the University of Chicago and author of Freakonomics, discussing a scheme through which Chrysler pays for some of its customers’ gasoline. Here is more of Levitt criticizing the “peak oil” assertions.

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