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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: t4texas who wrote (184222)6/2/2014 2:36:44 PM
From: stsimon1 Recommendation

Recommended By
research1234

   of 206182
 
My point is that there is not a correlation between the price of oil and poverty. If oil goes up other sources of energy will be substituted. The stone age didn't end because we ran out of stones.

When petroleum was discovered in commercial volumes whale oil was no longer used to light lamps. When the price of solar energy falls below the wholesale price of coal generated electricity less power will be generated by the more expensive fuel.

If natural gas was a lot more expensive it wouldn't be flared off as much. Things that are cheap get wasted.
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