June 6, 2008

Get used to it

My environmentalist brethren have been saying for decades that the world's supply of oil is finite, and is likely to run out by the middle of the 21st century, if not sooner.

So why does everyone act surprised when the price of it goes up?

Frankly, my dears, I'm getting a little tired of the moaning that inevitably sounds when the price of oil climbs. Oil was up to $139 per barrel today. So? Surely I am not the only one who saw that coming.

This is basic supply-and-demand economics, folks. Americans are still using Hummers as commuter vehicles, and people in China and India are buying cars faster than teenagers buy video games. The number of cars on roads is increasing, and the amount of oil in the world is decreasing. The price slope is easy to predict.

So can we please stop playing the "what is the world coming to" game every time the price of oil goes up?

The only time I'm surprised by the price of oil anymore is when it goes down.

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