The bubble won't burst until we find a way to eliminate oil as the fuel for transportation. At which point it will no longer matter.I see the price of oil eventually coming back down when its bubble bursts. When, how low and for how long who knows.
The bubble won't burst until we find a way to eliminate oil as the fuel for transportation. At which point it will no longer matter.I see the price of oil eventually coming back down when its bubble bursts. When, how low and for how long who knows.
True, but that doesn't mean speculators don't over react and artificially drive up prices only to freak out and withdraw at a later date, look at the housing market, look at past oil booms.That's delusional. With India and China forcing ever increasing demand, it ain't gonna happen.
Yup, alternative energy sources will help pop the bubble, but only if people get onboard, including other large consumption nations. Unfortunately I don't see that happening anytime soon //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gifThe bubble won't burst until we find a way to eliminate oil as the fuel for transportation. At which point it will no longer matter.
rome was by far the most powerful as well..wait let me come to think of it...more country's then i can count have been the most powerful by FAR..but lets be fair and only count recent times.china will never be the most powerful country because we have the most powerful military by FAR, and that will never change.
Lol //content.invisioncic.com/y282845/emoticons/veryhappy.gif.fec4fed33b4a1279cf10bdd45a039dae.giflets also not forget America has a long history of not doing the brightest things when it comes to war.
Hopefully other nations jump all over that and we can continue to be an oil sloth nation...at cheaper prices.It'll continue going up well in to '09 and maybe a bit beyond. Once more hybrids, highly fuel efficient gas and diesel, and eventually fully electric vehicles hit the market en mass, fuel prices should hopefully start declining due to lower demand. Probably half a decade until that happens, at least.
/speculation
They already have.... for example, have you seen the fuel mileage capability of some of the small displacement gas and diesel vehicles in Europe and Japan that have come out in the past few years? 55+ MPG isn't uncommon.Hopefully other nations jump all over that and we can continue to be an oil sloth nation...at cheaper prices.
Problem solved!