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The 'bad' oil
For those living in hope that oil will drop in price or that cheaper alternate energy sources will be developed, the bad news is that energy, in whatever form, is the 'golden goose' that will only increase in price. The artificially high oil prices are due to production not significantly meeting demand, and the collusion of OPEC to keep production below levels that would drive costs down. Alternate fuels will be introduced in time, but not as a cheap alternative to oil, but rather as another way for investors to feast on the insatiable and growing thirst for energy. The only way that energy costs will ever return to appropriate levels relative to the costs of supply and change this golden goose into one that is cooked, is if there is a serious global economic meltdown, which ironically most likely would occur primarily due to the high price of fuel. But rather than allow this blind capitalistic rape of our progess and lifestyle to happen, practical strategies need to be developed that will force the hand of those that control the oil purse strings...before the damage is too great.
Topic Summary:
Topic raised by: wiseguy
Status:
Open
Created on:
11/07/2008
Last update:
20/09/2008
Hits:
435
Total votes:
1
Views:
1
Reasons:
1
| Most popular view: |
A strong and combined global voice with a clear strategy needs to be directed at the UN, OPEC and major global powers to stop this out of control economic disaster 100% of voters support this view
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| Most popular vote: |
A strong and combined global voice with a clear strategy needs to be directed at the UN, OPEC and major global powers to stop this out of control economic disaster because It simply won't drop in price by wishful thinking
100% of voters support this vote
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| Newest vote: |
A strong and combined global voice with a clear strategy needs to be directed at the UN, OPEC and major global powers to stop this out of control economic disaster because It simply won't drop in price by wishful thinking
100% of voters support this vote
1 votes | last update 20/09/2008 19:02:16 PM
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100.00% |
163
A strong and combined global voice with a clear strategy needs to be directed at the UN, OPEC and major global powers to stop this out of control economic disaster

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