I think I may have figured out the oil industry's tactics. In order to maximize profits, keep inventing meagre excuses to drive up the cost of oil.Oil price drops..... announce that a refinery has caught fire.... price goes back up. Oil price drops..... announce that a hostile Middle Eastern country asserts its nationhood - like test-firing some missiles.... price goes back up. Oil price drops..... announce that summer driving season has arrived.... price goes back up. Oil price drops..... announce that weather forecasters predict a serious cold spell next season.... price goes back up. Oil price drops..... pipeline sabotaged.... price goes back up. Oil price drops..... hint that millions of Indians will be buying cars.... price goes back up. Oil price drops..... hurricane destroys infrastructure.... price goes back up.
Yeah, OK..... I know the last one is a bit of a stretch...........
1 comment:
It will come to a screeching halt some day when the oil indeed does run out. Of course there are the fields, two miles down off the coast of Brazil being developed for Billions of dollars so price of oil ain't gonna drop soon. We'll get used to it, painfully etc. retro
Post a Comment