Forum Discussion
tomman58
Sep 27, 2012Explorer
DelCamper wrote:
When they discover oil and bring it to market in the same proportion that they are increasing the money supply at stable demand the price will remain the same. Oil prices should drop if oil supply exceeds demand unless the wild card of money production exceeds it all.
Prices are going to go up on everything, period.
Therein lies the problem Del. The new users of oil are growing exponentially. there is no end in sight.
There is no "cheap fossil fuel" nor will there be again,ever!
I see municipalities going to CNG. I also see the public embracing smaller electrics for their daily drivers.
The blessing in this is we are ahead of the world in the electric tech. As long as we hold the patents on this new tech we ill win. even China is shipping electric cars here now BUT the electric drive system is installed in California and the batteries are made here.
% years from now we will see a new outlook and the kids will grasp the new tech even if we don't.
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