Well, it wouldn’t go down. But how long would it rise? I tried to answer that question and failed. Here’s what I have anyway.
I believe we’re at “peak” plateau. I believe humans understand this unconsciously, which explain recent political events.
Diesel, for me, represents economic growth. There is no growth in production. Why is the price falling?
I believe they’re falling because the dollar has been rising.
I can see oil doubling and staying there for two reasons:
- Production will no longer grow and we’ll go into decline–though or now, we’re in a plateau.
- Diesel is not growing therefore I can’t see economic growth. It’s price isn’t moving with inflation–that’s weird.
Again, I don’t know what would happen.