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Reply #10: A very good point [View All]

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Home » Discuss » Topic Forums » Environment/Energy

OKIsItJustMe

(1000+ posts) Send PM | Profile | Ignore

Fri May-23-08 01:31 PM
Response to Reply #8

10. A very good point

Although I'd draw back from it just a tad.

The price shock in the 70's resulted from demand outstripping supply (which was artificially constrained.)

Today, demand is once again outstripping supply. We haven't run out of oil yet. That's still off in the indefinite future. However, we've run up against the stops.

If we decrease demand (as we did in the 70's) prices will adjust accordingly (at least for a while.) However, the handwriting remains on the wall.

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