15/05/2008 1:23:49 pm
A True Word About Oil Prices. For years, I have been saying that we don′t have to worry about the oil running out. The reason is simple. It will run out, but before it does, the price will rise, which makes it more beneficial to research into new energy sources. As the end nears, markets and comapnies will solve the issue.

Martin Wolf wrote something along these lines in the FT yesterday. There may be many other contributing reasons for the current oil price, but this is also one. Demand rises sharply and the supply is not catching up, and it will not. So there are great profits to be made from developing new energy sources. My conclusion is that this is exactly what will happen in the years and decades to come.

Read Martin Wolf′s article here - >