slocro

The Crude Oil Price Disconnect

All the countries the article references for slowing populations are in industrialized countries, but population is growing fast in the developing countries where use of energy is growing exponentially. We are growing by 80,000,000 people a year globally. That is 30% of united states population every year. Compare that do the fact that there are a couple hundred right whales left in the world. Plant and animal extinction has exponentially grown as well. Yes we are over populated based on our preferred life style choices. Could not disagree with you more. Your viewpoint is western euro-centric, versus total world vision, and we are now sharing the oil pie with everyone.

You may be right in the end though. Spain is close to providing 40% of their electrical needs from wind. I am not as sure as you,about the never ending abundant supply with this backdrop. There are so many variables. I imagine we are due for a correction. I am ok though with it not going down. Oil price success will be its death, the sooner the better, and hopefully, that won't be true for us as well.