RE: Don't Let The Door Hit You In The Ass On The Way Out, Ron
November 15, 2012 at 5:37 pm
(This post was last modified: November 15, 2012 at 5:40 pm by The Grand Nudger.)
As a minor nitpick Tib. Yes, drilling oil was cheap. In our country it's first prominent appearance is as an unwanted byproduct in brine wells in Pennsylvania. Similarly, gasoline was another unwanted byproduct (of kerosene distillation...itself sought after because whale oil was becoming prohibitively expensive), used as an inexpensive solvent until the introduction of the automobile. I think your comment about a tipping point is a great way to reinforce the advantage of a mixed market btw. Do you think it's wise that we allow the market to take us to that tipping point on autopilot?
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