Quote:
Originally Posted by wick1ert
Anyway, in the end, it's all based on global supply and demand. The supply isn't going up as fast as the demand is. I hate paying more for anything if I don't have to, but you pay more for one thing, and cut something else out of you budget.
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The scary part is the supply isn't going up at all. It has plateaued around 85mm bb/day and most of the easy oil is being depleted at a rate of 4.5%/year.
Just wait until we have both effects working on the price: increasing demand and decreasing supply. Then we're going to see some really shocking prices.