Affordability, Not Scarcity, Is the Real Energy Crisis
· ourfiniteworld.com
Low affordability (called low demand by economists) is the major issue holding down oil prices today. I examine data back to 1820 and what this implies now.
History back to 1820 gives hints regarding what may follow
With the recent closure of the Strait of Hormuz, many expect oil prices to spike and stay high. Inst...