Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

bhikkhu

(10,789 posts)

5. Because the cost of production is so high

Reply to nanabugg (Reply #4)

Mon Feb 13, 2012, 12:02 AM

Feb 2012

...and because demand remains so high, in spite of the cost. There is no cheap supply in the pipeline and its only getting more difficult and expensive to maintain the rates of flow to market.

Its not so much that the question isn't asked, but that the answer is unwelcome. Yes, there is oil, but no, its not going to get cheaper.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

6 replies

= new reply since forum marked as read

Highlight:

Peter Orszag Sells Out: Fracking Boom Could Finally Cap Myth of Peak Oil (former Obama OMB Director) [View all] stockholmer Feb 2012 OP

If we are not on the down side of Peak Oil, then RC Feb 2012 #1

Precisely, RC. As soon as you start fracking shale, you are seeing the end of oil. JDPriestly Feb 2012 #3

One way or another we are going to asjr Feb 2012 #2

Reliance on foreign oil is at an decade low. Why is gasoline so high then? nanabugg Feb 2012 #4

Because the cost of production is so high bhikkhu Feb 2012 #5

There's a very simple answer to that Spider Jerusalem Feb 2012 #6