On Thu, May 25, 2006 at 12:18:26PM -0700, Neil Schneider wrote:
>
>
> > Crude oil is not a scarcity (yet, or for the foreseeable future)
> > relative to demand (statistical predictions and other
> > pulled-from-an-ass
> > prognostication notwithstanding). A large cartel maintains a scarcity
> > so
> > as to maintain a preferred wholesale/commodity price [1].
>
> Not true. We have reached peak oil, demand continues to rise, while
> supply will continue to fall. The laws of supply and demand dictate
> that the price will continue to fall. To believe differently is to
> ignore facts.
>
{I think you meant "price will continue to *rise*"}
I think both of you are correct.
Oil is a natural resource of limited availability and finite extent.
Demand is continuing to rise. On this basis, while oil is used as our
primary fuel, prices can only rise ...
BUT, oil is also a cartel controlled resource, like diamonds and a few
other natural resources, and much of its historical and current price is
artificially high because of this monopoly influence.
Ain't it great? The worst of both worlds. Throw in global warming, and
you have a trifecta!
--
Lan Barnes [EMAIL PROTECTED]
Linux Guy, SCM Specialist 858-354-0616
Tcl/Tk Enthusiast
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