Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: marcos who wrote (68935)	4/30/2008 5:59:44 AM
From: Snowshoe	of 74559

>>how sudden will be the weaning from cheap oil for the world as a whole<< Depends on whether global oil production has a sharp peak and rapid fall, or a long plateau. I lean toward a plateau. Oil is so valuable that people will pay a lot more for it, and that will encourage a lot of extraordinary production effort. >>the percentage of income going to energy will rise<< Yes, but people will respond by cutting out all sorts of wasteful stuff like big cars, fancy boats, exotic vacations, bottled water, etc. >>a meaningfully hefty tax on all fossil fuels consumed and/or produced within a country<< "Inflation is the cruelest tax"

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