Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (184222)	6/2/2014 2:36:44 PM
From: stsimon	1 Recommendation Recommended By research1234 Respond to 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.