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Thursday, April 5, 2007 12:00 AM

The missing link in Mexico's declining oil production

The words the Wall Street Journal dare not speak: "Peak oil."
Andrew Leonard

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  • Thursday, April 5, 2007 10:15 AM

    Our greed has actually deprived us of oil...

    Don't confuse greed with myopia. Forgoing greater profits in the long run in exchange for smaller short run profits is not a fault of greed, but of myopic decision making. The truly greedy person would have left the $10 dollar a barrel oil in the ground and pumped out the $70 dollar a barrel oil years later.

    —TheF79 Read TheF79's other letters

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