Or, much more likely, losing it!
True, there's only a fixed amount of oil. However, there's a lot of it still there, and the demand curve is quite elastic. If prices go up, demand can drop quite easily--because oil is mostly used for transportation and there are plenty of ways to reduce consumption with almost zero lifestyle impact. As you know.
A doubling in oil price will take years or decades. We had an artificially low price for the last few years because of the slowdown in the economy, and we needed to make that up, but at this point the cost of oil is pretty stable.
Do you feel lucky, punk? Happy little moron, lucky little man. I wish I was a moron, my God, perhaps I am! -- Spike Milligan
