Commanders Post at The Warpath - View Single Post - The meltdown's silver lining

GTripp0012 · 10-10-2008, 05:01 PM

Yeah, but if the price per barrel is just artificially low thanks to the current global economy, all that's going to do is create the same sort of overvalued oil market as we just faced in the sub-prime housing market.

If OPEC isn't increasing production, then all the people that re-invest in oil are just going to get screwed when prices skyrocket again when the day comes that all the economies recover.

Cheaper gas prices will help us function in the short term, but it's a epic mistake if we don't use the cheaper energy prices to make a long-term investment in renewable energy sources.

10-10-2008, 05:01 PM	#3
GTripp0012 Living Legend Join Date: Mar 2006 Location: Evanston, IL Age: 37 Posts: 15,994	Re: The meltdown's silver lining - cheap oil Yeah, but if the price per barrel is just artificially low thanks to the current global economy, all that's going to do is create the same sort of overvalued oil market as we just faced in the sub-prime housing market. If OPEC isn't increasing production, then all the people that re-invest in oil are just going to get screwed when prices skyrocket again when the day comes that all the economies recover. Cheaper gas prices will help us function in the short term, but it's a epic mistake if we don't use the cheaper energy prices to make a long-term investment in renewable energy sources. __________________ according to a source with knowledge of the situation.