Reply #48: It won't last...nor can it, realistically. [View All]

[Spider Jerusalem]

Economic growth and rising demand will lead to more demand pressure driving up the price of oil, which along with increased market speculation as a result of rising oil prices and hard supply limits, will serve to depress demand and cause an economic contraction, all over again. US dependence on oil as a requisite for economic growth and the fact that maximum global petroleum production capacity isn't there to meet significantly increased demand beyond mid-2007 levels will lead to increasing and more rapid cycles of economic disturbance, and absent significant changes in lifestyle on the part of the American public and serious public investment in public transit infrastructure and other measures, there's nothing that can be done to prevent it.