Quote:
Originally Posted by Buckterrier
But what would make the prices fall again? The Chinese are going to continue to grow, (we'll all be speaking it in 75 years), along with India. Don't you think that demand alone will keep prices where they're at??
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China and India are growing at a rapid pace and that includes automobiles. I don't think demand for oil is going down anytime soon. And their growth is happening NOW - they are building economies based on high energy costs.. (An advantage for them.)
It takes a long while to develop supplies (like all the exploration and drilling off of Brazil), so I think high prices will stick around for a few years+.
But 75 years is a long time. All kinds of clean and safe nuclear technology might be developed by then. Whale oil was an important industry once.
