Illusional Delusion

Oil Stocks: Where Can You Find Black Gold?

With the explosion of information and no lack of exaggeration, I think a lot of these supply-demand issues are overstated. Oil, as with nat gas and nuclear are the most common techs for energy now, and I believe it will be so for the foreseeable future unless there is a great breakthrough in using renewable energy at a cheap cost.

I believe that all you need to do is look outside your window to see why. Green tech has not come at a cheap price and unaffordable on the grand scale, so demand for oil will not go away unless green tech becomes cheap. So far, they thrive only on government funding.

Also, its logical to deduce that oil supply will fall in the long run, since there is always a bottom call zero, so OPEC can control the price whenever, whatever playing on this. The only thing is where is that zero and how much oil is left under their feet. The harder people search for it, the more we find, yes, but that will also increase the price of extracting it. Cheap oil? Unless it starts raining oil, I think it is impossible without outright manipulation. Oil is cheap at its current going rate due to demand destruction. Nothing less.