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Question of the week

Why is the price of oil going so high?
Answer:


Replies:

  • A plateau in production as oil producers struggle to supply an ever growing demand with a finite resource. It is exacerbated by opportunistic commodity speculators.
  • because demand is so high
  • beacuse we are buying it.
  • Two reasons; firstly an imbalance between supply and demand, and secondly speculators buying oil they have no way of using, creating a phantom demand on top of the real demand, in the hope of making a buck. Well, maybe they've now got what was coming to them.
  • The ratee of supply is static, probably because the global resource has reached peak production and demand continues to increase.
  • Should the question be "why is oil still so cheap?"


     

Previous questions and replies

What does sustainability mean to you?

  • For me Sustainability means that every single being (human and 'non-human') on this planet is able to live in abundance, perpetually and effortlessly without damaging any of the resources or interrelations between them.

  • Keeping most of the amenities of modern civilisation for at least the next ten years.

  • It means using resources in such a way that demand does not exceed supply, and that supply can be replenished so as not to jeopardise future generations' needs.

    

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