The Cure for High Oil Prices

In two thousand and eight, when we saw i demand destruction, oil prices were approaching a hundred and 50 dollars. And so i don't think we can be sanguine that demand destruction is coming in the next five or ten dollars. So i think this oil price has room to run. You might have heard about a release of strategic oil reserves. Helema says that's not going to cut it - as my colleague said, gets you through lunch time. Asalima says, we're not there yet on prices to affect demand. The cure for high oil prices is high oil prices. That refers to the fact that producers tend to ramp up production when prices are high. But