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> Also I think hitting those price levels is unlikely in any case. Unless we end up with refinery bottlenecks (like we more or less have now) or political ince
by katmannthree 4y ago
> Also I think hitting those price levels is unlikely in any case.
Unless we end up with refinery bottlenecks (like we more or less have now) or political incentives (although the odds of that seem alarmingly low at this point).
> The consumption would be lower so price would be too.
Is this expected to hold as oil usage drops over the next century?
- Ekaros 4y agoYeah, manufacturing issues might be real. Just think of proper eco-terrorist group attacking multiple refineries... You newer know with people nowadays... My point is that there is relationship with price and consumption. If the price rises too much people will either look for alternatives or reduce use. Thus prices might not rise that much.