br1756

Odds Favor Short-Term Slip in Crude Prices

Of all the statistical arguments about the price of oil, this one seems easier to swallow than the ones which compare the price of oil to the price of gold -- oil is consumed, while gold is recycled. As we approach permanent oil shortages I think it's very reasonable to consider ways to think about the oil price in terms of itself (or in terms of as-yet-nonexistent oil substitutes).