A new study from the Rational Assumptions think tank provides a completely unsurprising prognostication regarding the future of the oil market.
"The price of oil will either go up or down before it goes up or down and then likely up or down again," according to a press release announcing the findings of the "Oil Prices: What We Know for Sure" study released on April 1, 2015.
According to the study's abstract, it's unclear who is pulling the strings of the global oil market, and no one should expect to understand or predict oil prices until the planet is completely exhausted of fossil fuels. "But that day will surely come," according to the study's findings. At that point, some combination of solar, hydrogen, wind, natural gas, and biomass is expected to replace oil as the energy source driving the world's economy.
According to the press release, fortunes will be won and lost in the process and the world will continue to discover and attempt to respond to new environmental impacts as the future unfolds.
FULL STORY: Study: Oil Prices to Remain Volatile Indefinitely
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A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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