Forget about when the oil runs out...

Current Events » in reply to Matt's explanation is probably correct

Scott — 8/15/2002 3:49:52 PM (archived)

What about when the world just doesn't want the oil they have.

I am convinced, alternative energy sources are rapidly attaining pricing parity with oil.

There will be short term spikes in the price (For example, in a couple of weeks when the shooting starts...)

But then the price of oil will flatten out and eventually trend down.

The Middle East will be an even bigger basket case than it is now.

Give it about 15-20 years. You can't stop progress.

Scott

The whole thread (8 posts)

Male to Female Ratio in Muslim Countries - Scott - 8/14/2002 11:16:00 AM
- My suspicion - FrankC - 8/14/2002 2:35:47 PM
- In Saudia Arabia's case at least - Matt Burley - 8/14/2002 11:51:46 AM
  - Matt's explanation is probably correct - Gary - 8/14/2002 4:15:40 PM
    - Forget about when the oil runs out... - Scott - 8/15/2002 3:49:52 PM
      - Crude oil pricing is almost arbitrary - Gary - 8/15/2002 6:25:13 PM
        
        Re: Crude oil pricing is almost arbitrary - Scott - 8/16/2002 4:53:49 PM
        
        In constant 1996 dollars, the price of oil is much lower than it was in the 1980s - Larry J - 8/16/2002 7:22:44 PM

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