Reply #3: There is a finite limit to how high the oil price can go. [View All]

[ladjf]

I don't know exactly what the number is. However, we do know that many industries are pushing the envelope of how much costs they can bear and still operate. Among these are the airlines and trucking. If the oil prices get much higher, these industries will be closing down. A mass collapse of the airline and trucking around the world would be bad for the oil business. In my opinion, those who control the oil price will back off just before reaching that tipping point.

A much better idea: If the major oil consuming nations would move 20% of the energy sources to alternate types, i.e. solar, wind, tidal and geothermal it would break the oil monopolies and stop all future nuclear power initiatives. That is the answer.

It doesn't take a genius to see that the only way out of the oil dependency is to move to the alternatives. Why aren't we doing this? The oil, coal and nuke advocates are fighting it in the media and the governments, particularly in the U.S.

When will be able to overcome the corporate control? Unfortunately, after major economies have already been driven out of business. It will be much more difficult to revive defunct businesses than it would have been to save them in the first place.

The human race seems to have a crocodilian mentality. That is, they will simply consume everything is sight regardless of future ramifications. The difference is that crocodiles have limits in their ability to kill everything. The human race, on the other hand, has the where-withal to annihilate themselves through over consumption and greed.