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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?


To: Eric who wrote (75207)3/6/2017 12:30:15 PM
From: Brumar89  Read Replies (1) | Respond to of 86355
 
Why are prices down from what they've been in the past? Note that world demand has continued to increase steadily every year.



... Between 2011 and 2014 Brent oil prices averaged $107 per barrel, following the price collapse the average declined to $48 per barrel for 2015 and 2016, or 56 percent decline.
....
Message 31012921

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It's constantly getting more expensive per BTU.

That trend has been happening for well over one hundred years.


So you would've spent the last century preaching Oil is Doomed! Doomed! as the auto, truck, petrochemical industries were created.