Price is volatile. Regardless of how the price comes to be, I believe there will be Peak CHEAP Oil in the future ... and that has major ramifications for all humans on the planet.
Good luck for your beliefs; if oil stays high it’s because of political reasons, not actual lack of resources (including cheap oil). Facts say your view is not supportable, at least for the next 250+ years.
In 1986, oil reached it’s cheapest cost ever - $9 per barrel. In today’s dollars, that would be $18. Given a $21 per barrel cost for oil shale, we should be paying just over the lowest historical price ever, and we should have gas around $0.75 per gallon. Anything above that price is because of politics and is possible because people refuse to look at the facts objectively.
Hydrocarbons have enabled and sustained a larger world population - and God loves life and has provided that provision and blessing. However, when the rejection to God’s message increases, the pains of the absence of these blessings become economic realities (i.e. lack of knowledge to produce economical energy) as well as governmental ignorance (i.e. control thru environmentalism).
The core problem isn’t the lack of a resource, but the rejection of the world to God’s message . . .
Nonsense. It has ramifications for the monetary system. Yes, oil in dollars will be more expensive, but I don’t see it increasing in real terms. That’s got as much to do with the problems of the dollar not a perceived oil shortage.
Why not just admit you’re wrong? History proves it. We’ve never run out of any natural resource we need. You’re a sharp cookie and grab some good articles, but why continue to “believe” when reality is utterly contradicting you?