Oil's energy contribution has declined by about 12% since 1999. The world's economies have also declined by about 12%. (Using conventional metrics, which are time delayed determinations, this will only be seen in hind sight). The massive destruction of asset values now occurring testifies to it happening.
Peak is well behind us, world economies have peaked and will continue to decline.
Posted: Thu Sep 25, 2008 9:47 am Post subject: Re: Spain going down, down, down.
have you all read Roberto Saviano´s "Gomorra"?... u should... he explains the relation between corruption and construction in italy at least.. but knowing the portuguese reality of the last years i see a lot of resemblances with the mafia schemes he mentions...
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