Jason Welker
Are high oil prices here to stay? This article suggests they're not. New supplies will come online at the same time that consumers start to conserve and switch towards alternative energies.
"The longer prices stay stratospheric, the worse the eventual crash - simply because the higher the prices and bigger the profit margins, the bigger the incentive to over-produce.
It's even possible that, a few years hence, we could see a sustained period of plentiful oil supplies and low prices, meaning $50 or below."
economics oil prices
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