Most Interesting Knowledge
The most interesting thing that I learned was that despite the large ammounts of gasoline in the Middle East, and the US wanting to gain some control over that gasoline, the price of gas will increase no matter what, until a substitute becomes available. The demand for gasoline is climbing faster than the supply available. Therefore, no matter who controls the oil fields, the price for gas is going to increase. Its not who controls them that matters, its the global supply that does.
Comments
Alex, That is interesting.
Alex,
That is interesting. It makes sense that the cost of oil and gasoline would naturally increase because of an increasing demand with a decreasing supply, but I hadn't really thought about it before. Does this mean that the wars in the Middle East probably aren't related to oil? Good job and I hope to read more about your research.
Brian Willhard