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View Diary: Tackling World Food Crisis: Agricultural Reform (261 comments)

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  •  As long as the rate of (1+ / 0-)
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    Asinus Asinum Fricat

    oil production decline is low, we will be able to adjust smoothly as oil price rise; thus this should not be a problem: when we lose the price advantage we will stop doing this.

    •  True, but (2+ / 0-)
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      Asinus Asinum Fricat, dolphin777

      That sounds like what is called "price signals". But if we know that this is going to happen, why should we continue to develop the world economy in a manner that we will have to change, and pretty soon at that.

      IMHO, the important thing is not that at a later (not much later) time we will begin to receive the price signal to reverse this pattern of development. Rather, it seems to me that at present the market is receiving a perverse price signal that seems to indicate we should pursue a course of development that actually makes the whole world more and more dependent on a form of energy we're not going to have for very long.

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