Jad Mouawad (NYT) wrote: > As oil prices soared to record levels in recent years, basic economics > suggested that consumption would fall and supplies would rise as > producers drilled for more oil. > > But as prices flirt with $120 a barrel, many energy experts are becoming > worried that neither seems to be happening. Higher prices have done > little to suppress global demand or attract new production, and the > resulting mismatch has sent oil prices ever higher.
Peak oil? This sounds more like an oil bubble. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
