3 ms·
Plastic is one thing that comes to mind.
by phreeza 9y ago
Plastic is one thing that comes to mind.
- csours 9y agoThere are plenty of really good uses for oil, but nothing on the scale of ICE powered vehicles. Look at Venezuela to see what will happen to other oil powered economies.
- pjc50 9y agoVenezuela's collapse is good old incompetence and corruption, not especially to do with oil prices. It's more convincing to argue that the Arab Spring was caused by the last oil shock. But don't forget that oil production requires continuous expansion; a predictable long term decline in demand for oil will cause a reduction in drilling and production, just as recent high prices have caused an expansion.