[Peakoil] the problem with low oil prices

[Keith]

On 03/07/2012, at 3:24 AM, Jenny Goldie wrote:

Further to the previous post by Antony Barry, low prices may 
lead to some countries stopping production which will, in turn, 
reduce supply and send prices up again. See attached. We are 
indeed on a bumpy plateau, but for how long?


Another effect of low oil prices (and also of price volatility) is that investment in oil refining capacity is foregone for more attractive and secure returns.
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Keith Thomas
myrmecia at gmail.com
074 2929 4146
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