Is “Peak Semi” The Real Deal By Russell Clark of the Capital Flows and Asset Markets Substack As hard as it may seem now, peak oil was a big thing around 2007 or so, as the oil price surged. The idea was that all the easy oil had been extracted, and that oil production was headed for a period of decline and high oil prices would be with us forever. Of course, economics and finance suggests that high prices will attract capital and innovation, and eventually drive supply. This is exactly what happened as the US shale revolution turned the… — Continue at ZeroHedge News : Read More
