Ok, Mike Lynch is officially an idiot in my book... I read enough of the article he'd written to find that part about production being generated by demand and well- that's just plain idiocy.
According to Mr. Lynch, then, the more of a resource we need, the more we will somehow magically have. Ok, I really, really need a mortgage payment... uh, hrm... still no magical, mystical paycheck deposited into my checking account.
Maybe it's the resource at fault... I really need some heat in my home. My furnace is fired by natural gas to generate the heat to warm the water that is circulated through the radiators in my home. That gas comes from a finite source, the gas deposits in the Earth itself.
The production of the gas has already peaked in North America, according to much of the info I've already read on this and other websites- but according to Mr. Lynch- more need automatically means more will just somehow mystically, magically be produced. The lunacy of such thinking should be pretty obvious.
HARV |