[thuja]

Here's my premise-

2008 was the year that oil reached almost 150$/barrel. Its also the year that the global economy tanked big time. My contention is that even if the economy gets humming again, oil prices will rise dramatically and curtail recovery.

Essentially, the global economic picture is forever changed. Cheap oil is only possible in the face of massive demand destruction led by a deep recession.

We can never have a humming economy along with cheap oil...ever again...

[cipi604]

+1

[the48thronin]

Here's my premise-

2008 was the year that oil reached almost 150$/barrel. Its also the year that the global economy tanked big time. My contention is that even if the economy gets humming again, oil prices will rise dramatically and curtail recovery.

Essentially, the global economic picture is forever changed. Cheap oil is only possible in the face of massive demand destruction led by a deep recession.

We can never have a humming economy along with cheap oil...ever again...

Ok we almost all beleive that here, so what are we gonna do, try to replace the cheap energy, live like tibetan monks on a poverty vow, or punt?

[outcast]

Notice how prices are slowly creeping up again. Now also notice how the economy is still in the tank and is showing little to no signs of recovery.

[alokin]

It would be a new era if our kings would try to do something different or if we would have a revolution or if there where new ideas in the society, but there is none, everybody is trying to muddlle through.