Crude Oil

Rolo · 08-05-2004

Like Wig said, then oil will probably fall again - short term the world has no problem with supply vs. demand, if terror/wars etc. can be avoided. Heating season will have little impact (unless someone wanting to make some quick bucks), however thinking 5, 10, 20, 50 years ahead, then demand vs. supply will be out of balance, and this will send the oil price into serious price increase - I´m not sure what the "magic" price for oil is, which will make it just as expensive as renewable energy, however renewable energy is much more price stable when comparing where we get our oil from (the middle east) - stability is one of the things we need to have for longterm growth.

08-05-2004	#12
Rolo Members Join Date: Dec 2002 Location: Six Feet Under Posts: 2,150	Like Wig said, then oil will probably fall again - short term the world has no problem with supply vs. demand, if terror/wars etc. can be avoided. Heating season will have little impact (unless someone wanting to make some quick bucks), however thinking 5, 10, 20, 50 years ahead, then demand vs. supply will be out of balance, and this will send the oil price into serious price increase - I´m not sure what the "magic" price for oil is, which will make it just as expensive as renewable energy, however renewable energy is much more price stable when comparing where we get our oil from (the middle east) - stability is one of the things we need to have for longterm growth. __________________ "Chaos is the law of nature, order is the dream of man." ~Henry B. Adams (Historian) 1838-1918