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218 comments on DrumBeat: October 27, 2008

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mdsolar on October 27, 2008 - 6:22pm Permalink | Subthread | Comments top

And while there is still lots of oil, demand will increase again if the economy recovers, but regardless, future oil will be harder to obtain and more expensive because of that. That will cause ripple effects of higher costs for all products but more importantly, higher costs for food.

This is only the case if we encourage the development of expensive-to-produce oil. If we get off of oil faster than the cheap-to-produce oil depletes, the price will remain low, and we won't be encouraging a counter-productive search for poor resources.

Chris

More discussion below: http://www.theoildrum.com/node/4702#comment-426649

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davebygolly on October 27, 2008 - 10:08pm Permalink | Subthread | Parent | Comments top

If we get off of oil faster than the cheap-to-produce oil depletes, the price will remain low, and we won't be encouraging a counter-productive search for poor resources.

If pigs could fly ...

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mdsolar on October 28, 2008 - 2:16am Permalink | Subthread | Parent | Comments top

It is not all that hard: http://mdsolar.blogspot.com/2008/06/oil-is-too-expensive.html

Chris

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218 comments on DrumBeat: October 27, 2008

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