quote:
"You smart man there GL! Supply and Demand set oil prices, and the world economy cannot sustain $100 per barrel."
Alot of people seem to forget or ignore this point. Do you really think that everybody's economy around the world wouldn't be affected by $100 per barrel oil? I don't care if you are double-digit growth China, the US, or whomever. If oil hits $100 per barrel (or more), demand will start to fall through the floor, and most of us know what will happen to prices at that point.
Seems that alot of the $100 or more per barrel crowd have something to gain by it. Not saying that there isn't going to be a problem at some point. We definately need to stop working on "band-aides" to the current oil "problem" and develop real fixes via new sources.
P.S. jetflyer: Enough of the frickin oil and gas threads already! Between you and Atpcliff, there is a new thread started every week about it. Use the same thread you paranoid heart-attack-waiting-to-happen. I don't see how you sleep a wink at night.
"You smart man there GL! Supply and Demand set oil prices, and the world economy cannot sustain $100 per barrel."
Alot of people seem to forget or ignore this point. Do you really think that everybody's economy around the world wouldn't be affected by $100 per barrel oil? I don't care if you are double-digit growth China, the US, or whomever. If oil hits $100 per barrel (or more), demand will start to fall through the floor, and most of us know what will happen to prices at that point.
Seems that alot of the $100 or more per barrel crowd have something to gain by it. Not saying that there isn't going to be a problem at some point. We definately need to stop working on "band-aides" to the current oil "problem" and develop real fixes via new sources.
P.S. jetflyer: Enough of the frickin oil and gas threads already! Between you and Atpcliff, there is a new thread started every week about it. Use the same thread you paranoid heart-attack-waiting-to-happen. I don't see how you sleep a wink at night.