Rocknrolllegend193

Introduction to a Long Lecture on Oil

Great article. Demand for a commodity like oil is relatively inelastic, and it's going to take a few decades for consumers to find reliable close substitutes. Demand from Chindia will only increase, and the way it looks now, American energy policy is all talk and no game. And by the way, phinsuntanning, oil is here to stay, and although I agree that there is money to be made in gold, I think that the precious metal where the greatest profits lie is actually silver, due to its relative scarcity.