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Paul Killinger's
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If I understand your thesis, you believe we may have some respite from skyrocketing energy prices in the near term, but there will be even higher prices (...and chronic shortages?) in future years.
Jun 25 10:10 am
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All Comments by Paul Killinger »Oil Price Implications of a Strike on Iran [View article]
I believe it is more likely that just the OPPOSITE will happen. In the short term (...1-3 years), prices may recede toward what oil analysts call "equilibrium," give or take about $75 a barrel.
Longer term, there will be MANY more substitutes for conventional oil in its primary use as a transportation fuel. And prices for these alternatives will drop sharply over time, as well.