Peak Oil, a bleak future? (21)

3 Name: Anonymous Scientist : 2008-07-28 22:35 ID:gKexecXl

Well, if there's no crash and we have plenty of OIL, why the fuck is it costing more every day? Even given the instability of the Middle east, there shouldn't be a quadrupling of oil prices in 12 years.

It isn't just specualtion, Speculation would only affect one country, not all of them. And oil prices are rising everywhere, not just the US.

Secondly, consumption will increase, as right now maybe 1/3 of the people on Earth have enough wealth to use electricity and cars. As more people in the third world get rich enough to live a first world lifestyle, the oil consumption will go up dramatically (as well as food needs and medical needs, and so on).

This thread has been closed. You cannot post in this thread any longer.