Quote:
|
Originally Posted by Edward64
Warhammer. From what I've read, oil prices is increasing not because of anticipated supply and demand 20-30 years from now, but because oil production capacity is (or close to) maxed out.
The temporary Katrina effect notwithstanding (ex. when it was $3+), the sellers can demand a higher price (currently at $2+).
I feel like you do that the oil companies are gouging us. However, I temper that with the thought that if the oil companies were losing money, we would say "tough luck, you've got too much expenses and should trim the fat". It doesn't seem as if the oil companies can win in this current environment, we criticize them either way.
|
I agree too, but this has been talked about since the 70's. It makes you wonder why researchers are just now starting to get really serious in looking to develop synthetic substitute for Oil and Car companies are back giving alternative energy Vehicles a higher priority.