%% i am ; They sell it like that in Argentina also- by the liter[or quart] seems cheaper than by the gallon.LOL USA , home selling price of olive oil is about $8-10[US dollars] per quart, actually for 34 oz.Its mostly used as food-seasoning; i have also an oil[olive oil lamp] .XOM sells gasoline , for $1.99 per gallon; USA, Royal Dutch Shell sells gasoline for $2.06+ 9/10 /gallon...............................
i read somewhere that Oil is a finite commodity now, they didn't say When it will [start to] become scarcer and scarcer on the other hand, there seems to be a movement to try to wean off of oil, at least in some countries i'm trying to look [more and more] at the longer term, bigger pirture... marc
https://en.wikipedia.org/wiki/Club_of_Rome In the 1970's arabs and oil multinationals already said that soon oil would be finished. The only thing they wanted is push prices much higher. The whole world paid for decades overpriced prices in one of the biggest lie there ever was. Oil would be soon finished but Boeing and Airbus received orders for thousends of new planes to be delivered in the next decade. Why invest massively in new planes if oil was almost finished? Go to any airport and count the number of planes that get filled with fuel every day, millions of barrels every 24 hour. Is that normal with oil almost being finished? We are now +- 40 years later and there is still plenty of oil, even so much that prices crashed. There is more supply than demand.
Some did Marc; but the '' peak oil predictors '' stopped much of that, with all the supply that came in around ND..... That sort of fractured their ''predictions '' - LOL
Our resident king of hindsight analysis is at it again. So just because there were lots of orders for aircrafts, it means that both Boeing and Airbus knew something that nobody else did, correct? They knew that oil was in no way finished and there was plenty more to pump, or else why would they be selling all those planes... correct? Instead of using your hindsight analysis super powers, why not make some predictions about the future? Oh that's right, your super power only works when doing analysis on things in the past... like your posted charts! LOL
%% TT Tex Trader; there are advantages to thinking+ planning ahead , as you noted. However as Yogi BEARa said- i dont like to make predictions-especially about the future.LOL [-murray T Turtle]