tag:blogger.com,1999:blog-8861605.post8982727441761646046..comments2024-03-24T11:01:27.668-04:00Comments on Resource Insights: Lightering our way to abundanceKurt Cobbhttp://www.blogger.com/profile/05330759091950742285noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8861605.post-74081838243868662862009-02-08T09:49:00.000-05:002009-02-08T09:49:00.000-05:00Prices tend to lead rather than follow development...Prices tend to lead rather than follow developments. In this case I'm suggesting that prices may have overshot on the downside. But I do also say that "even though the bottom may be in, it could take a long time for oil prices to move considerably higher." That's because, as Anonymous suggests, it will take time for the production system to adjust to the new lower demand.<BR/><BR/>The truth is that price movements in any market are not truly predictable. Sometimes our guesses are right and sometimes they are woefully off the mark.<BR/><BR/>My main point is that we shouldn't be celebrating low oil prices, but instead figuring out a way to make fossil fuels expensive enough to encourage conservation and the development on non-carbon-based energy.Kurt Cobbhttps://www.blogger.com/profile/05330759091950742285noreply@blogger.comtag:blogger.com,1999:blog-8861605.post-82240291265644268272009-02-08T06:10:00.000-05:002009-02-08T06:10:00.000-05:00So because they are having dificulty selling the o...So because they are having dificulty selling the oil that means that the price must be bottoming? Dosn't that ussually mean the oposite? Although it will probably lead to decreassed production it will still take a while for that to catch up with the demand destruction from the economic collapse.Anonymousnoreply@blogger.com