Jason Welker's Library tagged "oil prices" →  View Popular

"High oil prices are here to stay due to heightened political risks, irresponsible behavior by oil-producing governments and growing global demand outside U.S. control. Oil is a finite resource which is produced by a partially cartelized imperfect market. Consumer countries should expand cooperation in order to level the playing field and reduce prices by increasing investment and production, promoting conservation, and diminishing geopolitical risks. Yet, in the long term, high demand, inadequate supply and severe geopolitical risks combine to make oil a problematic transportation fuel."

www.heritage.org/...wm1951.cfm - Preview

economics oil prices scarcity resources

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."

money.cnn.com/...index.htm - Preview

economics oil prices

200 oil? Oh my! It seems like just yesterday everyone was speculating oil would ever reach $100, now some say it could hit $200 within six months! The primary culprit? China, where continued growth in output is expected to push energy prices ever higher

news.bbc.co.uk/...7387203.stm - Preview

oil prices economics inflation

Robert Samuelson at the Washington posts thinks the solution to our high energy prices is to start drilling for oil in protected wildlife and environmental sanctuaries, arguing it could increase America's "energy independence"

www.washingtonpost.com/...AR2008042902394.html - Preview

oil prices environment economics