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Thanks for the thoughtful comment. However, I respectfully disagree with the statement "price of oil will of course go back up at some point". I don't think it
by jazzyk 11y ago
Thanks for the thoughtful comment. However, I respectfully disagree with the statement "price of oil will of course go back up at some point". I don't think it will ever go back to $80+ for two reasons:
- more producers (US, Iran's embargo over, other countries exploring shale)
- other sources of energy (solar, , etc)
- tamana 11y ago* developed world population (demand) doubling, repeatedly * easy to harvest oil exhausted