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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (76039)7/22/2008 10:56:22 AM
From: Cogito  Read Replies (1) | Respond to of 542010
 
>>I do think the price of oil needs to be high in order for anyone to care about alternatives, though. If oil goes back to 50 a barrel or less, I imagine a lot of the impetus for alternatives will dry up. It's not like people are very far sighted- and especially in this country, immediate gratification- whether at the personal or corporate level- seems to be the order of the day.<<

Syb -

I think that's true. And if oil is really in a bubble right now, it will come crashing down soon.

But there are those who are convinced that oil prices are never going to get substantially lower than they are now, and will get much higher. They may be right.

- Allen