Comments on: Oil Futures part 3: A series on oil, the future, and you http://www.crikey.com.au/2008/06/02/oil-futures-part-3-a-series-on-oil-the-future-and-you/ now with extra source Sun, 12 Feb 2012 07:37:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: alan burnett http://www.crikey.com.au/2008/06/02/oil-futures-part-3-a-series-on-oil-the-future-and-you/#comment-20068 alan burnett Thu, 01 Jan 1970 10:00:00 +0000 #comment-20068 Your Economists are on the ball. But have they factored in the use of oil and gas by the chenical industries? If the price curves for the various products derived from the various grades oil (such as rubber and plastics) and gas also continue to move upwards during the rest of this and future decades, people and their governments are going to have to accept that our purchasing power will decrease because the era of cheap energy has ended.<br /><br />The human cost of the present situation is best not measured by the consequences for a city dweller in this country. Reflect on the low income people in Indonesia, to take one example, who have live with the consequences of the rising cost of kerosene let alone the petrol needed for a moped.<br /> Your Economists are on the ball. But have they factored in the use of oil and gas by the chenical industries? If the price curves for the various products derived from the various grades oil (such as rubber and plastics) and gas also continue to move upwards during the rest of this and future decades, people and their governments are going to have to accept that our purchasing power will decrease because the era of cheap energy has ended.

The human cost of the present situation is best not measured by the consequences for a city dweller in this country. Reflect on the low income people in Indonesia, to take one example, who have live with the consequences of the rising cost of kerosene let alone the petrol needed for a moped.

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