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There are some factors that differentiate computers from oil and gas. For one, it has become cheaper to produce computers, but unfortunately that hasn't happened in producing oil and gas. It costs more to drill. It's more difficult to find large reserves etc. Oil and Gas is a traded commodity. Computers are not. It's a little disingenuous to compare the two and then state that someone else doesn't understand economics.

For an equal reserve of oil, it has become cheaper. However, the easy to drill places have been drilled. But anyway, take out computers. ANY PRODUCT. To suggest that prices won't come down because people have paid higher shows a complete lack of knowledge of basic economics.

For an equal reserve of oil, it has become cheaper.

That's simply not true. If you talk to any drilling engineer, you'll know that drilling costs are higher now than they were just 10 years ago. Also, geologists are paid more, pipelines to transport the oil cost more. Finding costs and production costs have risen over the years.

For an equal reserve of oil, it has become cheaper.

Faster - yes, cheaper - no.

Drill rig rentals are way more expensive than they were in the past 10 years. Prices have more than doubled from last year.