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haele

(15,245 posts)

2. The price was inflated to begin with.

Reply to raccoon (Original post)

Fri Sep 29, 2017, 11:16 AM

Sep 2017

and we have a crapload of oil reserves that are being sat on. Energy companies - as oil companies no longer specialize in oil - have long-term strategies they're working on; they know how much the market can bear.

Oil will grow more and more expensive in actuality over the next 20 years; by that time, the energy companies will hope to have the latest "new energy source" locked in as a monopoly to make money on, leaving petroleum and other fossil fuel to linger on as a manufacturing resource instead of as an energy source.

Haele

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I have been reading a lot about how easy-to-get Oil is running out. [View all] raccoon Sep 2017 OP

Lot's of articles on this. BP estimates 53 years left. That will change as we move away from oil. Lochloosa Sep 2017 #1

The price was inflated to begin with. haele Sep 2017 #2

Oil prices fluctuate constantly based on global HeartachesNhangovers Sep 2017 #3

Well, no more oil is going to be made for a long long time. It's being consumed The_Casual_Observer Sep 2017 #4

I worked in the oil industry in Alaska SonofDonald Sep 2017 #5

Peak Oil? procon Sep 2017 #6