One way, already agreed on by most, to get a stable supply of oil is to
stabilize the price to a level which makes it possible for the producing
countries to both produce, service existing equipment and drill for new
supplies. (I'm sure you know how much those costs vary from producer
to producer)
All while avoiding pumping too much and too much, especially
for those who already are too close to the Hubbard Peak to
be able to produce really cheap oil. (I'm sure you knew
that too)
Having the price swing from $30 down to $10, under the
production plus investment costs for many, is not really smart,
except for destablizing the future costs.
Additionally that little thing of using that oil in more efficient
ways, investments in the consumer markets for both that a higher
level of conservation.
It is really sad when the largest consumer economy is doing so
little of that, for example keeping a very old,inefficient, outdated
steel industry going, not with investments in a more modern and efficient,
but by taxes on those who are more modern and efficient.
And in additiona to those primary industrial consumers, also both housing,
airconditioning, and especially transportation (of both single persons and goods)
Ilmarinen
Is it correct to assume you know something about the Hubbert Peak??
(and where different producers are sitting on the uphill curve) |
