Quote:
Originally Posted by bill murrow
Craig.....I love your closing statement but must disagree with your time line. I think within 5 years $4 a gallon will sound cheap so new refineries should be feasible.
|
You may be correct, I wish I knew. I do think prices will climb until they reach some price point that will make investing in new capacity safe, then (5 years later, when the capacity is actually built) we will see some kind of equilibrium.
Don't get me wrong, I'm not in favor of paying more for energy; I just think it's inevitable that we will, and that any interference to try to hold prices lower will probably just make things worse in the long term.