tag:blogger.com,1999:blog-7169279.post8294042761709487728..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: The Costs of Drilling for OilDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7169279.post-47042379054173171582010-11-15T18:11:39.460-07:002010-11-15T18:11:39.460-07:00I have a different view point than Grant on the ef...I have a different view point than Grant on the effects of continuing to search for and open up new drilling sites. Gas prices related to oil prices are going to continue to rise as demand increases not only in America, but especially in economically emerging foreign countries. If the supply of that oil is hindered from expanding and the bulk of the worlds oil needs remain geographically in the Badenhttps://www.blogger.com/profile/08318682001466977012noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-66399008989967097062010-11-14T20:23:57.528-07:002010-11-14T20:23:57.528-07:00Oil prices are going to increase until there are s...Oil prices are going to increase until there are substitutes that are less expensive. It was only a couple of years ago that we saw gasoline prices below $2.00. This came from a dramatic decrease in demand due to the recession. Prices have crept up rather quickly compared to the economic recovery. This indicates that as the economy recovers, oil prices will again reach new highs quickly. DSMhttps://www.blogger.com/profile/09032406304150333193noreply@blogger.com