jjchieffan |
12-22-2008 04:31 PM |
Quote:
Originally Posted by Donger
(Post 5320956)
The bottom line is: keep demand low if you want lower gas prices. I do think crude is under-valued now, which will prohibit new E&P. That's not good.
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The good thing though, is that while prices were high, alot was invested in finding alternative fuels, and people changed their driving habits. Everyone has seen what can happen, so I believe that this will continue. Hopefully, the development of alternative fuels will offset any E&P not being done due to lower oil prices.
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