[lbo-talk] End of Suburbia: Peak Oil

[martin]

Can you translate that into price per gallon of gasoline. (Just so I 
can gauge how many fill ups your $500 will buy.) And does the US CPI 
include energy costs? If so, it seems that would be a closed loop in 
your equation.

Martin

On Jun 29, 2004, at 10:15 AM, Doug Henwood wrote:


> That'll do as a definition. Or, more rigorously, I'll say that real 
> oil prices (deflated by the U.S. CPI) won't exceed their 1980 peaks 
> for a sustained period of six months or more any time in the next 10 
> years.