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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Cheap Oil Forever?

While looking for something interesting to read at Heathrow, the cover of Newsweek caught my attention with this headline...

CHEAP OIL FOREVER


Why prices will keep on falling - and falling


Perhaps this marks a turning point and we will never see oil prices this low again.


So far we have always been able to find new supplies of oil  - as long as the price was high enough. On the other hand we do live in a finite world. Population and energy consumption can't keep doubling forever... but how far can they go?