2 ms·
I'm sorry, but your claims sound absurd. Do you have an economic background? What data are you basing that on? I'm neither claiming expertise with oil or eco
by sebular 12y ago
I'm sorry, but your claims sound absurd. Do you have an economic background? What data are you basing that on?
I'm neither claiming expertise with oil or economics, but some cursory Google searches seem to strongly disagree with what you're claiming. Just taking from Wikipedia: http://en.wikipedia.org/wiki/Price_of_petroleum http://en.wikipedia.org/wiki/Price_of_petroleum
Adjusted for inflation, our current oil prices appear to be equivalent to 1860s era prices, which places them at 4 - 5 times higher than they've been for the entire intervening period.
Not to mention oil prices being subsidized in the US, your claim that the "true cost" of oil hasn't risen seems totally nuts. Care to elaborate?