I was waiting for that shoe to drop flying lid...
Consider the "
Land Export Model [.pdf]" - wikipedia
ELM. Its more than just depletion rates, its also about the exporters domestic consumption increases. Look very closely at slide 18.
Jeff Rubins also covers this (this is 45 min of your time that will be well spent)
Last edited by breakfastburrito; 11th Jul 2011 at 22:28.
Reason: added wikipedia link