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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (185012)	4/12/2006 10:11:49 AM
From: neolib	Read Replies (1) \| Respond to of 281500

In US$2003 that should be about $35 a barrel. Give or take a bit. So you a predicting a return to $35/Br starting when? Keeping oil in the ground in the hope of higher prices in 2050 isn't a very bright idea. Keeping it in the ground in 2002 for better prices in 2005 & 6 however, was very good. Especially since all sorts of alternatives are already economic and people are doing all sorts to switch to other energy sources and ways of saving energy. I have not noticed much energy saving going on. In fact, the primary lesson I've learned from energy over the last few years is that it is quite cheap, even at the new prices, and the effect on the economy is not that great to have energy prices double. Another doubling might hurt, but the change from $30 to $60 was not too bad. Also, since Peak People is going to happen soon, That one seems to keep receding into the future, especially when some fraction of the population thinks that maximizing human happiness is proportional to population increase. :)