September 24, 2008at 1:25 pm
· Filed under Oil
Price of oil
The price of oil is going up. Why? ok after all the talk of alternatives and conservation etc, this is a drop in the bucket. Do you see any windmills next to your house or do you drive a solar powered car? I am really in favor of this, but there is not way alternatives can will work as people do not take the serious enough to invest in. I myself own PCZ a Canadian oil company, rather than a Solar cell company, which I really think is great. Why? Because the world will need oil for at least the next 50 years. I live in Poland and we still burn coal here to heat our homes. Yes we put coal in a furnace to heat our homes. And even if parts of the world get high tech and modern other parts will not and oil will always be in demand, as developing countries will use older technologies. In fact more, as China and India continue to grow. Its simple supply and demand. Oil in Poland is twice that of the US. And I only see increasing demand. So I think people have been scared for the short time and may reduce some consumption, but they will adjust and continue to demand oil.
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