Oil Insufficiency

The law of supply and demand suggests that prices will rise as access to any good thing in life becomes scarce. One of these products just happens be oil, a finite resource. As Michael T. Klare explains, “Petroleum is, of course, a finite substance, and geologists have long warned of its ultimate disappearance. The extraction of oil, like that of other nonrenewable resources, will follow a parabolic curve over time


That time which is ahead will come when it will come.

When it does arrive, the price of this scarce product will go even higher.

Here we are reminded that Bahamian folk wisdom holds that you get nothing for nothing and after that you should not pretend surprise when you get very little for your penny.

The Bahama Journal