Alternative Energy Link Alternative energies result in lower oil prices Kole 7 (William, rising prices, OPEC appears to be in no rush to raise its output targets,” “Despite September 8th, If you remember what happened in the 1970's you will find the biggest fear OPEC has. It (look it up if you don't) is that oil prices will go up and stay high long enough to fuel investment into conservation and alternative energy sources to the point that a critical mass is reached and the need for their oil is greatly diminished or replaced by other energy sources they don't control. That's what started happening exactly in the 1970's and it took OPEC opening up the tap to make oil cheap again to reverse the over a decade trends. The result was that interest in conservation and alternative energy waned and investments dried up in the face of cheap oil again. We you can expect to see OPEC flood the market again if they see us getting are once again nearing that point and serious with conservation and alternative energy sources that compete or replace with, worse yet, actually demand for their oil. OPEC walks the fine line between price and demand and wants to keep us hooked up to their oil like a bunch of junkies on drugs while making as much money as possible.
Alternative Energy Link Alternative energies result in lower oil prices Kole 7 (William, “Despite rising prices, OPEC appears to be in no rush to raise its output targets,” September 8th, If you remember what happened in the 1970's (look it up if you don't) you will find the biggest fear OPEC has. It is that oil prices will go up and stay high long enough to fuel investment into conservation and alternative energy sources to the point that a critical mass is reached and the need for their oil is greatly diminished or replaced by other energy sources they don't control. That's exactly what started happening in the 1970's and it took OPEC opening up the tap to make oil cheap again over a decade to reverse the trends. The result was that interest in conservation and alternative energy waned and investments dried up in the face of cheap oil again. We are once again nearing that point and you can expect to see OPEC flood the market again if they see us getting serious with conservation and alternative energy sources that compete with, or worse yet, actually replace demand for their oil. OPEC walks the fine line between price and demand and wants to keep us hooked up to their oil like a bunch of junkies on drugs while making as much money as possible.
Oil_DA___Seniors___NDI_2012.docx