Sunday, January 11, 2015

The oil price collapse: what's so special about it?

As I said in a previous post of mine, strong price oscillations are expected at or near the production peak. Prices can go up and down, but the drops don't last for long and the overall trend is clear: it goes up.  Graph by Frances Coppola.


Ugo Bardi is a member of the Club of Rome, faculty member of the University of Florence, and the author of "Extracted" (Chelsea Green 2014), "The Seneca Effect" (Springer 2017), and Before the Collapse (Springer 2019)