3m - 2.7m = 300k. Not 700k as the author calculated. I'm not sure I buy the argument about investing in oil production but what does seem to be clear is that

3m - 2.7m = 300k. Not 700k as the author calculated. I'm not sure I buy the argument about investing in oil production but what does seem to be clear is that as long as the money is flowing in due to high oil prices then everything seems to work. Once prices collapse, as Warren Buffet put it, we can see who was swimming without their bathing suits on...