tag:blogger.com,1999:blog-1141932539860553199.post4705138425135611678..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Well done everybody who guessed the oil price would be $40/barrel in December 2015.Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1141932539860553199.post-57369532667485816172016-01-08T16:55:35.072+00:002016-01-08T16:55:35.072+00:00Mark, it's probably a bit like the Business Ra...Mark, it's probably a bit like the Business Rates scenario above - "stop robbing him because I want to rob him".Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-71170590931283082492016-01-06T18:06:11.573+00:002016-01-06T18:06:11.573+00:00RT, good point. I don't really get it either.RT, good point. I don't really get it either.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-28314006060152914332016-01-06T09:19:58.044+00:002016-01-06T09:19:58.044+00:00It's interesting that left-wing types often re...It's interesting that left-wing types often regard the OPEC cartel as an evil and greedy organisation, but by deliberately raising the price of oil they are incentivising people to use less of it, thereby helping to conserve a finite natural resource.<br /><br />For environmentalists, a low oil price should be a bad thing because it reduces the costs of production, which keeps prices down and therefore encourages consumption of consumer goods, the "throwaway society". Do they actually see it that way? I'm not sure.Rich Teehttps://www.blogger.com/profile/14037296506942507747noreply@blogger.com