Alexander77

The Oil Bubble Will Meet the Same Fate as Tech, Housing

Oil as a finite resource has to increase since there is decrease in its availability all over the world especially the light crude, we still have strong reserves of heavy crude which are readily available in the Canadian Sands in Canada or the Orinoco Belt in Venezuela but the cost of extracting that oil is way higher that the light one. The Chinese market is also consuming more oil so there are merits to high oil prices. This author should take a look the analysis and statistics that have been already done, this article is just wishful thinking like Calvin said.

The Oil Bubble Will Meet the Same Fate as Tech, Housing

Oil as a finite resource has to increase since there is decrease in its availability all over the world especially the light crude, we still have strong reserves of heavy crude which are readily available in the Canadian Sands in Canada or the Orinoco Belt in Venezuela but the cost of extracting that oil is way higher that the light one. The Chinese market is also consuming more oil so there are merits to high oil prices. This author should take a look the analysis and statistics that have been already done, this article is just wishful thinking like Calvin said.

Is the Global Economy Drowning in a Sea of Black Gold?

Oil prices will only climb, oil prices dropping as much as being said is the biggest fairy tale of all