Thursday, July 19, 2018

I DON'T THINK IT IS REALISTIC FOR OIL PRICES TO DOUBLE BY 2020

UNLESS THERE IS SOME KIND OF WAR IN THE MIDDLE EAST THAT PREVENTS SAUDI ARABIA AND IRAN FROM SELLING AND PUMPING OIL OUT OF THE GROUND.

I  THINK THERE WILL BE ONGOING UPS AND DOWNS IN OIL PRICES BUT THAT GENERALLY SPEAKING OIL PRICES WILL SLOWLY GO DOWNWARD EXCEPT FOR INFLATION ONGOING AROUND THE WORLD.

THIS IS ACTUALLY GOOD BECAUSE WITHOUT OIL IT IS REALLY HARD TO PRODUCE PLASTICS. SO, AS OIL BECOMES USED FOR PLASTIC AND NYLON AND OTHER THINGS LIKE THAT MORE AND SOLAR AND WIND BECOME THE PRIMARY SOURCES OF POWER FOR CARS AND BUILDINGS ON EARTH, YOU LIKELY WILL SEE WHOLE CARS COVERED WITH SOLAR CELLS AND PEOPLE SELLING THEIR EXCESS POWER THEY GENERATE FROM THEIR CARS AND HOMES TO POWER COMPANIES MORE AND MORE OVER TIME. SO, POWER MOSTLY WILL GO FROM POWER COMPANIES MORE AND MORE TO CONSUMERS GENERATING THEIR OWN POWER ON THEIR ROOFS OF THEIR HOMES AND THE ROOFS OF THEIR CARS WORLDWIDE.

AND OIL WILL BE USED TO MAKE PLASTIC AND NYLON THINGS MORE AND FOR LUBRICATION AND OTHER USES INTO THE FUTURE.

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