I wouldn't say oil is cheap again , currently as of 15 th may it stands at $102.37 a barrel , but economies have adjusted themselves to oil at that price , a yearly average of $100 at least , and at that price it makes unconventional and hard to reach reserves economically viable.
However , that said , I agree with your post. Too many people seem to think the answer to an energy crisis is to produce and generate more energy . Result is energy becomes abundant and affordable and usage increases rather than reducing consumption. Which brings us round nicely to that subject of what is in effect rationing or better sounding the introduction of TEQ's.
Money, food and the universe
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featherstick
- Posts: 1124
- Joined: Mon Feb 17, 2014 9:09 pm
Re: Money, food and the universe
Just a note to say that while I agree that the purchasing power of money in the bank is decreasing thanks to interest rates that are lower than inflation rates, the standard financial advice is to have enough in a reserve to cover 6 months' worth of outgoings in case of sickness, unemployment, or other major change in circumstance. We hover about that mark, although when I look at interest rates, and the state of our kitchen, there's a large part of me that wants to spend the lot on a new kitchen that we could actually enjoy using.