How expensive do you think oil will get?
Wednesday, July 16th, 2008We just concluded our first officially scheduled AOTP chat. (Transcript of chat is here.) For me, one of the most interesting moments was about Peak Oil. Talking with Jennifer, I realized that some people have imagined “worst case scenarios” that are very different than what I’ve imagined. Which is interesting, because we’ve had several posts about Peak Oil here on AOTP, and I’ve always assumed that I was in agreement with the writer - but perhaps they were thinking things would get worse than I imagined, faster than I imagined, or vice versa. So, rather than assume that when we imagine disaster scenarios, we are all imagining the same disaser scenario, let’s get down to specifics. How expensive do you think oil will get? What will be the average price for the next 10 years?