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.
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2 comments:
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.
If only we were living in a perfect world...lol
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