Leave a comment

And Down Goes Oil

What happens if supply is increased? Correct, the price goes down. Article: EnglishGerman.

I can’t wait to see the faces of Peak Oil theorists, when they have to postpone the date of PO again. With the massive increase in supply that is about to happen in the US and in Iraq, and with continous low demand in industrialized countries (due to low growth after the recent crisis), oil prices should keep below $80 (in 2010 dollars ;-)) for a very long time.

Now, if we could only overthrow the regimes in Venezuela and Iran, and if we could force other oil producing countries to privatize their oil businesses and to let competition in…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: