We live in exceptionally turbulent times—and will for another decade or more
This is the Barry/Green Commie solution:
Spare capacity is the main determinant in oil prices because of the law of supply and demand—idle capacity that can be brought quickly into production allows the market to absorb disruptive events. If there were such a sustained swelling of surplus capacity to 7 million barrels a day, we would almost certainly see a plummet of oil prices.
This entry was posted on July 12, 2014, 9:30 AM and is filed under Barry, Green Commies, HA!. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.