Quote:
Originally posted by Rolo@Jul 19 2004, 02:32 PM
If saudi arabia is hit with massive coordinated terror attacks, then it could easily go to $80-100... and even wores, if someone finds out that oil is not an unlimited resource, then $150-XXX.
* disclaimer - yes, I´m a pessimist looking at the oil prices, but that is probably because I want the western world to speed up the change from oil to renewable energy, and the sooner prices rise, the more time we will have to make the change... 
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A collapsing economy is a heavy price to pay for renewable energy, which is exactly what would happen if Oil went to $150+.
I am more than happy paying $1.68 for diesel.
Note: I am all for renewable energy, but a smooth transition is preferred to anarchy in global financial markets.
07-19-2004
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