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> It's a lot more interesting to actually look at the mechanisms Yes, and that's why I read TFA. And it was interesting. My point still stands, however, that e
by pkulak 4mo ago
> It's a lot more interesting to actually look at the mechanisms
Yes, and that's why I read TFA. And it was interesting. My point still stands, however, that every previous doom prediction has been wrong.
- 0cf8612b2e1e 4mo agoAll of the predictions I see are of the type, “If nothing changes and reserves are depleted, prices will spike to very high levels.” We have yet to bottom out reserves, so yeah, prices have yet to hit record levels, but we are moving there day by day. There was a lot of slack oil in the system before this started, but it can only last so long.
- pkulak 4mo agoWell, the markets sure don't think so, and they are betting with their money, not words. WTI is about 80 bucks right now. Barely above average.