The Coming Oil Crash

Discussion in 'Economics' started by libertad, Feb 24, 2008.

  1. One of these days, he may be right.
  2. HOBO


    We had tulip bubble, railway bubble, palladium bubble, Internet bubble, housing bubble, … and they all came to an end.
    Who knows? The oil bubble might keep on inflating for a little bit longer. It also depends, if people keep on electing anti-scientists, warmongers and oilmen as their leaders.

    I believe, that with responsible governance, 20 years from now, oil-bulls will look like fools.

    Cost of Iraq war: $1 trillion over 5 years (low estimate).
    Cost of this project: $10 billion spread over 10 years. (That is 0.5% per annum of the war expenditures).
  3. Paliz