Geological constraints have the potential to substantially increase the future oil price…” And economic constraints have the potential to substantially sink the future oil price via demand destruction because there is a point at which very few will be able to afford that increased future price. Salaries and government hand-outs don’t increase to keep pace with the rising price of oil. Just exactly the opposite. The higher the price of oil gets, the more businesses can’t afford to continue operations, the more people lose their jobs or don’t get raises, and the less tax revenue the government collects to redistribute to the poor and unemployed. shortonoil on Fri, 6th Jun 2014 4:02 pm “Our approach […]