757_Driver said:
all the arguments that people are advancing for permanently high oil prices, i've heard before, in 1987, in the 90's tech stock boom, in the recent cheap credit / leveraged investment / property boom. And guess what - they all corrected back to a sane level.
I used to sell petrol at 3 gallons to the pound, that was a sane level. And guess what - I'm still waiting for it to correct back to a sane level (but not holding my breath.)
Guess I'll just have to get used to 'high' oil prices.