[Paleopsych] Eureka: Ecologist calls for creation of an international pan...
shovland at mindspring.com
Mon Aug 9 00:19:55 UTC 2004
It might be true to say that as the unit price
increases the unit demand will tend to
decrease because fewer people can afford
Another law of economics that will fall is
the one that says that as the price increases
supply also increases.
We will in the future see constant increases in
oil prices and constant declines in the availability of oil.
Many fields are already on tertiary recovery,
and some reserves are too deep to be pumped.
Increases in oil prices will tend to send resources in
the direction of whatever-else-is-available,
but those sources will be limited by our annual
energy income from the sun.
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