Yes – prices will go up………..er….it’s called inflation. Ok – we’ll have a bit of deflation for a while, but if you assume (say) 4% inflation and a start point of $80 per barrel in 2008……….then…guess what?

Oil reaches nearly $200 per barrel in 2030…so the real price remains exactly the same…..

Does that make sense?

I’m noit sure if your post is a call to action. “Agree / collective approach /scarcity issues”? It seems a few steps removed from what might make some difference.

In your scenario, what happens if policymakers don’t…..agree/collectivre approach….?

Regards, David