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Originally Posted by Edward64
Warhammer. No I can't think of anything whose price is based on 20-30 yrs down the road. However, I don't think that's how oil is priced now, is it?
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Well, we've never had more reserves of oil, production has never been higher, and yes demand is high, but not nearly what was predicted as China's consumption has been lower than what was projected (still increasing by quite a bit though), yet oil is still through the roof. Why? Because we're going to run out of it? If Big Oil is guilty of anything, I think this is what they are guilty of, not telling the truth about our supply.