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Thread: Has 1080 by kill struck again

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  1. 27-01-2015, 07:48 PM #11
    Tommy
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    Quote Originally Posted by Tussock View Post
    Oil is cheap. Cheap because there was an oversupply. The over supply came, when the number of people who could pay for it fell.

    The oversupply has dropped the crude oil price to a point where a large portion of production is sub economic.

    That cheap diesel has raised demand (I bought more) while the low crude price has wiped out a portion of production.

    This will spike the price, and even less people will be able to pay.

    Repeat cycle. Welcome to peak oil.
    Nah. Russia has been misbehaving in the Ukraine and elsewhere, their books balance with oil at $100/ barrel plus. This is how the West keeps the bear in line.
    veitnamcam, gadgetman and Woody like this.
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