Branson: 5 more years of cheap oil
Sir Richard Branson has done the research and predicts that we have 5 more years before oil demand exceeds supply.
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Even if there would be enough oil for another 200 years we shouldn´t stick to this energy source and go for alternatives. Especially in the moblity sector a cleaner and more efficient way should be pursuit. Just think about the air quality in bigger cities. I wonder for which reason alternatives weren´t forced many years ago!
Isnt it funny that Bronson is "declaring war" on the very fuel that powers his fleets and ultimatley his empire? Also, with all the fear mongering about peak oil, much of the citizenry is learning to cope with less and being proud of it. Isnt it, then, giving more of the supply of oil to world militaries, airlines, shipping liners, and Bronsons'' fleet?
Supply and demand always intersect. It is the market price that will fluctuate as it always has. In other words, the cost of flying will increase. By the way, people have said this **** for years.
Demand can and does outstrip supply on a regular basis.
Just look at the Irish water shortage. Everyone wants it, but they just can't supply it.
Of course you know that this is how the world leaders shape the global economy. Fear. The Golf of Mexico is a good example of lots of oil.
Shoot the fear monsters.
This is coming from the guy who lost his entire fortune on real estate investments. Haha!
Sudden increases in oil prices have been the norm so Branson's prediction that oil will return to $150 or $200 per bbl in five years is hardly surprising. Of course, it leads to problems. Profit margins are typically only a few percent so Branson needs to be very concerned by the possibility of fueling costs or ticket sales changing by 10 or 20%.
Averaging out the extremes, historical energy prices have also tracked inflation quite closely. As more natural gas comes on-line, it.... More
