George Monbiot has an interesting piece in the Guardian today: http://www.guardian.co.uk/commentisfree/2012/jul/02/peak-oil-we-we-wrong.
In it he seems to recognise one of the basic principles of resource economics: higher prices stimulate higher supplies. Unlike him, I don't see this necessarily as an issue of grave concern.
What is true for peak oil is also true for other commodities. Resource scarcity isn't a problem for today's society.
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