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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: quehubo who wrote (285525)12/27/2008 10:51:38 PM
From: LindyBill  Respond to of 793956
 

Low prices mean reduced investment in production, low prices stoke demand, pretty soon prices rise again.


That's why it is, and always will be, a roller coaster. The old rule of thumb was that there was always a seven-year supply of oil.

Why?

Because when it falls below that point, exploration takes off.