Oil hovered around $130 per barrel today, the lowest price since the 5th of June over six weeks ago. It seems likely the price of oil is going to keep falling over the next few weeks, but the crew at The Climate Post is sure the price will continue to rise on the long term.

In the year of 2006 diesel became more expensive than gasoline. The demand for diesel fuel had simply risen faster than oil companies had been able to supply us and that is a relevant fact to remember. Supply and demand is what controls the price of any goods.

As old oilfields go into decline, and new oilfields struggle to meet that deficit only one thing is certain. The price of oil will go up, and will likely go up in an erratic way since our buffers are low. There is no such thing as spare capacity after Peak Oil that could cover for any production losses.

Threats against any oil producer therefore immediately translate into higher prices since every drop of oil is desperately needed. It is highly likely that we will see more threats in the coming years because of the increasing scarcity of resources. We're in for a bumpy ride.

From the view of global climate change an increased oil price is obviously good. It increases profitability in renewable energy sources and mobilizes investors to try out new ideas. But will that be enough?

In the long run The Climate Post is still of the opinion that a global lifestyle change is what is really needed to combat the global climate change. Quite frankly, we’re all looking forward to a world less focused on work and consumption and more on friends, family and really good food. Have you ever thought about the possibility that the alternatives to our current lifestyle might actually be enjoyable and positive in many ways?