Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
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There are always doom scenario people (or bears), look at the resource thread predicting disaster and our own in house bears telling us to buy gold because the sky is falling in.
The basic facts however are that :-
Oil use is increasing and reserves are depleting and there will be a rise in the price in oil as it becomes a scarcer resource. Shifts happen slowly, oil has gone from $25 to $60 over a relatively short period.
It will go up again in the next few years but I would expect the rise to be slower as uptake of alternatives and behavioral change by consumers occurs however the trend is inescapable.
I am an avid science fiction fan and in that genre many of the predictions come true but it nearly always takes longer to occur than the doomsayers expect.
The basic facts however are that :-
Oil use is increasing and reserves are depleting and there will be a rise in the price in oil as it becomes a scarcer resource. Shifts happen slowly, oil has gone from $25 to $60 over a relatively short period.
It will go up again in the next few years but I would expect the rise to be slower as uptake of alternatives and behavioral change by consumers occurs however the trend is inescapable.
I am an avid science fiction fan and in that genre many of the predictions come true but it nearly always takes longer to occur than the doomsayers expect.
