Reply #5: I dont enjoy it. But oil is precious right now. [View All]

[Zachstar]

We have grown FAR too dependent on it. And therefore when another user (China) comes in. Demand skyrockets while production is lower because of the decades we spent sucking that tit of oil. Which is exactly the right phrase to use because oil was and always will be a temporary resource.

There is no shadow forces driving it up. The simple fact is cheap oil is done. As long as prices are high and we deal with the consequences rather than acting like a bunch of kids and sprouting tons of conspiricy theories we will dig ourselves out of this hole so the children do not have to face the horror as we will.

High prices are fueling demand for alternative technology.

Battery Technology which has been almost stagnant for decades is growing rapidly due to high prices and demand for cheaper energy density.

EMC2Fusion development got restarted by the Navy obviously because they cant afford the huge jumps in oil.

Etc...

It's helping us in the long run.