Quote:
Originally Posted by BIGJake111
So will the prices stay? Or is this just the eye of the storm?
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The more realistic question is how long will prices remain at these lows
At some point speculators are going to start buying low and that will drive up speculated oil prices
Or OPEC will either slow down production or there will be rumors of it and that will drive up speculated oil prices
The eye of storm is if we don't treat oil as the diminishing and environmentally harmful (when burned) resource that it is.
Higher prices keep us honest about using it and drives the industries dependent on it to develop more efficient methods of using it
It's the profiteers of oil profit margins and governments that can't redirect their taxes to alternatives that is going to help speed up the storm
Can I get an Amen