Quote:
Originally Posted by IllTestYourGirls
Well thats not even double yet the price of oil since 1970 has gone up over 400%. And the USA consumption has not gone up that much either.
That is why I have always said its mostly about the dollar and the other issues are really non issues. Those other reasons may be real but have a lot lesser impact on the cost of oil and other goods than the sinking dollar.
I mean are we at peak gold too?
Thanks for the link  |
how do you figure the price of oil is supposed to follow the same exact path as our usage. we continuously remove every year so that one year we used 47 billiions barrels, those 47 billion barrels no longer exist the next year, gone. add that over the last 200 years... basically what im saying is its a non renewable fuel so the price can only go up, its really inevitable.
plus other nations are using even more and competing with us.
include standard inflation
include the dropping dollar
we're actually drilling more than ever before and have more wells up than ever before, also drilling much deeper
its a culmination of everything, pinning it solely on the dollar isnt really much of an argument since if you do the math the rise would have only been what (of the top of my head) 20 bucks? how do you propose to account for the other 50-60?