erniem

Is Oil a Bubble? Part One

In a static model, oil prices remain fairly static.

In a world where the population increases yearly, and the growth of oil hog middle classes is skyrocketing, consumpion of a finite (please note that word) resource increases. So tell me again how a finite resource, which has between 25 and 65 years of life is overpriced. If it were water, and we were running out, what would you say?