07 November 2008

FT Predicts $100 Oil

The Financial Times says that this low oil price is only a temporary lull until the economy recovers. They believe that $100/barrel oil will be the norm in the next decade, and that $200 oil will follow thereafter. It seems like now, when oil is cheap, would be a good time to prepare for this high oil future by developing the alternative sources of energy and means of transportation.


Randy Simes said...

That would make sense wouldn't it. Unfortunately I think some will look at this as a rationale behind ignoring the larger problem of our dependence upon non-renewable resources.

Cincinnati NAMjA said...

If only we were living in a perfect world...lol